The recent examination of microfinance banks (MFBs) by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) has revealed some irregularities and unethical practices in the MFB sub-sector.

Investors who put their money in any of the rescued banks may be doing so at their peril, going by the series of court action a number of shareholders have instituted against the CBN on its take-over of these banks.

LAGOS – CHAIRMAN of Lagos State Council of the Nigeria Union of Journalists, NUJ, Mr. Wahab Oba, and three other journalists: Mr. Adolphus Okonkwo, Sylva Okereke, Shola Oyeyipo, with their driver, Mr. Azeez Abdulraf, kidnapped by gunmen, a week ago, regained their freedom, yesterday.

SENATE President David Mark, weekend, in Akure said the amended version of the 1999 constitution of the Federal Republic of Nigeria would be ready within the week.

Insurance industry in the country is cashing in on the opportunities that climate change has availed the sector in terms of premium generation. Climate change is a change in the statistical distribution of weather over periods of time that range from decades to millions of years.

Nigerian-born university lecturer in Canada , Professor Obiora Okafor, has been awarded the prestigious nationwide, 2010 prize for academic excellence by the Canadian Association of Law Teachers, CALT.

I WATCHED the Northern political summit of Thursday, July 15, 2010 , which took place in Kaduna with keen interest. I was not surprised or disappointed with the outcome, which virtually endorsed President Goodluck Jonathan’s perceived presidential ambition. Northern governors will soon meet to take a stand on the zoning controversy. My prediction is that they will continue to dilly-dally till the “last minute”, and finally, the Peoples Democratic Party (PDP) governors will throw their weight behind the President.

The Association of Professional Bodies of Nigeria (APBN) has said that the delay in implementing mortgage sector schedule of Vision 20: 2020 could create a bleak future for the sector Mr Jimoh Faworaja, President of the association, told newsmen in Lagos that the non-implementation of the schedule might also affect the realisation of all the objectives of the Vision.

Lagos State Governor, Mr. Babatunde Fashola, has signed into law a bill that will ensure that construction of buildings of more than two floors in the state are henceforth backed up by all contractors general risk certificate from a registered insurance company.

The story of Nigerian agriculture is best read between the lines of its political history. Africa’s most populous
nation had an overwhelmingly agricultural economy during the hundred years spent under British colonial rule since 1860, and well into the first decade after its independence.

The Honourable Minister of State for Finance, Mr. Remi Babalola, disclosed on Thursday that the Federal Government was currently strengthening the financial reporting system in its Ministries, Departments and Agencies (MDAs) to effectively manage its resources and services.

There was perceived apathy by the Federal Government towards the Cocoa sub sector of the agricultural industry since 2007 as the operations of the National Cocoa Development Committee (NCDC) created by the Obasanjo’s administration was almost grounded.

“We are tired of the military repetitive tendency to experiment with our economy: Today, they say “no controls”. Tomorrow; they say “full controls”.

Aconstruction and building materials firm, Emel Building Materials, is set to partner property developers, under the aegis of Real Estate Developers Association of Nigeria (REDAN)on the supply of quality building materials.

The Minister of State forFinance, Mr. Remi Babalola, has condemned the continuous importation of cement into Nigeria in spite of the abundant deposit of limestone, a major raw material in the production of cement, in the country.