Operators in the Nigerian microfinance sector have hailed the Central Bank of Nigeria (CBN) for coming up with the electronic mode of monthly returns rendition, especially with the recent introduction of the codes, saying such has reduced the challenges they faced with the manual method.

Mr. Val Ojumah, Managing Director of FBN Life Assurance Limited has charged insurance operators to regularly send their staff for training in order to equip them to play effective role in the oil and gas business.

In a bid to decongest metropolitan centres, stem the growth of slums in the rural communities and ensure even development across the state, the Lagos State government has prepared development guide plans for six excised villages.

The Nigerian Stock Exchange (NSE) opened for four days last week following a public holiday declared to commemorate Good Friday celebration as the value of listed equities dropped by N5.33 billion.

FirstBank Nigeria Plc has won MoneyGram’s Best African Receiving Agent Award for 2010, thus confirming its leadership in the nation’s financial services industry.

Access to long-term and competitively priced funding, off-taker credit strength as well as loan and security documentation acceptable to international lenders have been identified as some of the key issues which local and international banks will seriously consider when evaluating financing proposals for transactions in Nigeria’s power sector.

The Indigenous Ship Owners Association of Nigeria (ISAN) says Nigeria is losing about two trillion dollars (N300 trillion) in capital flight annually to foreign ship owners operating in Nigerian waters.

The leadership of the Peoples Democratic Party, PDP, in Imo State has described the allegation from Action Congress of Nigeria that it wants to rig the forthcoming gubernatorial election as “baseless, diversionary, unchristian and most uncharitable”.

The Catholic Church of Port Harcourt Diocese has banned the illegal celebration of Holy Mass, baptism, wedding, night vigils, special healing masses and administration of the sacraments (giving of communion) in private homes and hostels in the diocese.

TRAGEDY occurred along Benin-Asaba highway, Sunday, when a trailer ran into a stationary passengers’ bus as a result of an alleged break failure, killing one of the passengers instantly while several others were wounded. The accident occurred near Issele-Azagba junction on the Benin-Asaba highway.