The revocation of the operating licenses of 224 Microfinance Banks (MFBs) on September, 24th 2010, by the CBN, and their consequent takeover by the NDIC, was long expected and overdue. Most Nigerians who have been victims of these banks feel that a reprieve has come after all, and that it is time to really say enough is enough.

NOTHING would change about the way we do things until there are sanctions for officials who fail in their duties. The absence of accountability for positions they occupy secures officials from the implications of their decisions.

The Federal Government said it has spent over N300 billion in the development of the nation’s agricultural sector in the last three years.

A total of 288,345 properties were lost to foreclosure in the July_September quarter, according to data released over the weekend by RealtyTrac Inc., a foreclosure listing service. That’s up from nearly 270,000 in the second quarter, the previous high point in the firm’s records dating back to 2005.

As Cecilia Ibru goes to prison for bank fraud as a result of her plea bargain, the Economic and Financial Crime Commission (EFCC) prosecutors have shown that they can score victory in the prosecution of those who basically loot financial institutions. It provides an initial victory for the Lamido Sanusi led Central Bank of Nigeria (CBN), who had waged a relentless battle on the financial institutions’ managers overbearing conducts.

Chairman of Lafarge WAPCO Nigeria Plc, Chief Olusegun Osunkeye has disclosed that shareholders and in deed all stakeholders have benefitted from Lafarge WAPCO operations for the fifty years of its existence in Nigeria.

Governors of the South East states have been urged to seriously reconsider their positions and immeidately liaise with the leadership of Academic Staff Union of Universities, ASUU, in the zone to resolve the lingering industrial action in government- owned universities in the area.

The President of the Nigeria Farmers Association and ex-governor of Nassarawa State, Alh. Abdullahi Adamu, has accused Deposit Money Banks in Nigeria of frustrating the federal government N200 billion loans scheme meant to rejuvenate agriculture in the country.

In the past, men were supposed to go out and make money for the upkeep of the family and the woman’s job was to keep house.

The Africa Finance Corporation (AFC) received the Deal of the Year Award from African Banker magazine. The award was announced at the publication’s 2010 African Banker Awards ceremony in Washington, DC alongside the 2010 IMF/World Bank Annual Meetings. AFC received the award in recognition of its role as lead investor in the Main One Fibre Optic Cable System.

The failure of the housing policies of successive governments in Nigeria to effectively address the chronic shortage of affordable housing in the country has been attributed to the culture of cash and carry financing in the real estate industry.

If there is one thing so many see today as a means of relaxation, it is football and it has actually turned out to be the easiest means of uniting people from different locality, region and even country as the case may be.

Generally referred to as the Grandmaster for his pioneering role in the financial sector, Otunba Subomi Balogun, Chairman of the First City Group, is reputed with the establishment of the first indigenous stock broking firm, issuing house and investment bank in Nigeria. In this media chat, he reflected on how he moved from law into banking, and how he arrived at his succession plan. Excerpts.

In an enrapturing 91 days in the Big Brother Africa All Stars house, Nigerian musician, model, actor, Uti Nwachukwu has emerged as the winner of Big Brother Africa All Stars, taking home the sum of $200,000.

The Nigeria Football Federation (NFF) have stopped both the country’s female team and the Under_20 team from playing friendly matches outside Abuja because they fear the players could be abducted by kidnappers.