The CBN said that the ongoing reform of the banking sector was to combat institutional decay and disregard for corporate governance. The CBN Governor, Malam Sanusi Lamido Sanusi, said this in Lagos at the National Conference on Corruption and Good Governance, organised by Cleen Foundation. Sanusi, who was represented by Mr Kabiru Shehu, said that it became apparent that since the banks’’ consolidation in 2006, some banks had been engaged in serious breaches of corporate governance.

The Nigerian Ports Authority (NPA), and NNPC are to collaborate toward rehabilitating and upgrading the facilities at the Atlas Cove Jetty. Malam Abdulsalam Mohammed, NPA Managing Director, made this known in Lagos. He was conducting Mr Femi Olayisade, the Permanent Secretary, Federal Ministry of Transport, round the organisation’’s facilities at the Atlas Cove Jetty and East and West moles of the Lagos Harbour.

Mallam Imamuddeen Talba, the National Electricity Regulatory Commission (NERC) Administrator, on Thursday warned PHCN officials to stop collection of maintenance charge from electricity consumers.

THE Board of Afprint Nigeria Plc last week expressed its commitment in meeting its final obligations to the minority shareholders of the company.

THE Institute of Char tered Secretaries and Administrators of Nigeria (ICSAN) has blamed the current economic woes in the country on poor practices of corporate governance.