Criticisms have continued to trail the recruitment process for the appointment of a substantive Director General of the Nigerian Stock Exchange (NSE), with concerns about the possibility of concluding the exercise as promised.

The International Commercial Terms (Incoterms) will help the federal government to reposition its strategies to attract foreign direct investment into the country, said Industry Minister, Chief Kola Jamodu.

The Central Bank of Nigeria, CBN, sold $1.58 billion foreign exchange in November while demand fell by 26 per cent. Cost of funds in the interbank money market was however relatively stable in November, in sharp contrast to the volatility and sharp increase recorded in October.

As Nigeria’s huge unbanked population steadily migrates to the formal banking system, Stanbic IBTC Bank Plc, a member of the Standard Bank Group, has restated that it will continue to offer new and innovative products and solutions aimed at meeting the demands of the various segments of the market.

Income on Retired Savings Account, RSA, of employees under the contributory pension scheme rose by 280 per cent to N61 billion income in 2009, says Pension Commission 2009 report.

Institute of Chartered Accountants of Nigeria, ICAN, has said there is need to strenghten shareholders’ groups to make them more intellectually active.

Barr Jimoh Ibrahim has said that insurance industry’s major problem in Nigeria is lack of public sector patronage rather than low capital base of insurance companies. This is against the backdrop of the N20billion capital base for insurance companies suggested by Imo State Governor, Dr. Ikedi Ohakim.

After 10 years of planning and deliberations by the Nigerian Insurers Association (NIA) on its vision to set up a Customer Complaint Bureau for the industry’s policyholders, Justice George Adesola Oguntade, a retired Judge of the Supreme Court has been appointed to chair the bureau.

STAKE-HOLDERS of the Peoples Democratic Party, PDP, in the Enugu West senatorial district of Enugu State rose from a meeting at the weekend, resolving to crush any opposition to the re-election bid of Governor Sullivan Chime in the 2011 elections.

The Lagos State government has moved to further ease bottlenecks on property transactions associated with securing Governor’s consent to mortgage or transfer property, by appointing three more commissioners to endorse the document.

Housing corporations in Nigeria, under the aegis of Association of Housing Corporations of Nigeria (AHCN), have called on the Central Bank of Nigeria (CBN) to set aside N500 billion as housing intervention fund to aid massive construction of houses in the country.

The Minister of Housing, Lands and Urban Development, Mr. Nduese Essien, has urged the National Assembly to accelerate the passage of housing sector bills before it, noting that without strong legal framework, the dream of having a robust housing sector cannot be achieved.

TO upgrade power supply in Ebonyi South Senatorial district, the Federal Government has approved the contract sum of N1.5 billion for the commencement of the project in the area.
The project is to be handled by a foreign firm.

POLITICAL leaders and stakeholders of the Peoples Democratic Party, PDP, in Enugu State, who met with wife of the president, Dame Patience Jonathan, at the Presidential Villa, Abuja, last week, said yesterday that only the conduct of fresh congresses of PDP could restore peace in the state.

Association of Professional Bodies of Nigeria (APBN) has canvassed tax exemptions for primary mortgage institutions (PMIs) operating in Nigeria in order to boost housing delivery in the country.