Media reports last week confirmed that the Federation Accounts Allocation Committee (FAAC) shared over N1.3 trillion to the three tiers of government for the month of June 2011. The reports rightly recognized the amount disbursed as the highest in recent times.

Government securities last week recorded oversubscription of 152 per cent, reflecting surplus of money in the interbank money market.

African Reinsurance Plc (Africa Re) final accounts for the year ended 31 December, 2010 has revealed an income of US$627.53 million compared to US$ 536.38 million in 2009.

The marketing communications industry is becoming more engaging. Proponents of the Below-The- Line (BTL) machinery have seen the future in the BTL tool and are capitalising on it, says Segun Aluko, Managing Director of BTL Solutions, a direct, digital and experiential marketing firm based in Lagos in this interview with Princewill Ekwujuru.

Transport Event Management Limited (TEML), a leading Malaysian shipping and logistics exhibition outfit has entered into partnership with a Nigerian Marketing Communications firm, Tentpeg Communications Network Limited for the marketing of the biggest annual Container and Terminal Operators exhibition/ Conference on the African continent.

With the expiration of the June 2011 deadline given to microfinance banks (MFBs) by the Central Bank of Nigeria (CBN) to automate their monthly returns to the CBN, the apex bank has expressed delight over the 70 per cent compliance recorded, though a few are yet to comply due to some challenges.

Wema Bank, Nigeria’s pioneer indigenous bank, has once again demonstrated the strength of its strategic business focus with its latest financial score card indicating an impressive increase in its earnings for the half-year ended June 30, 2011.

“What would have been my wish and joy is to witness the commissioning of the Centre named after me as I have just witnessed the fund-raising and foundation laying ceremonies.”

The Executive Governor of Abia State, Chief Theodore Orji has disclosed that financial probity and accountability are the watchwords of his administration in line with the principles of the Institute of Chartered Accountants of Nigeria (ICAN).

Regency Alliance Insurance Plc has posted Gross Premium Income of N1.803 billion for the 2010 financial year, an increase of 19.93 per cent when compared with the year 2009 figure of N1.503 billion.

An aviation consultant, Taiwo Adenekan, has urged the Federal Government to auction the over 120 Bilateral Air services Agreement (BASA) which the country have entered into with various countries and are not being utilized.

Then there is the state of justice. To reduce corruption, achieve transparency, and strengthen accountability, there must be justice. Nigeria’s once proud system of justice, in particular the judiciary, has lost much of its luster. That feeds the skepticism about the anti-corruption drive as well as the prospects for personal security.

Housing has the ability to be a leading sector for stimulating economic growth and development in a depressed or stagnant economy and raising the standard of living of the people.

The Chartered Institute of Personnel Management (CIPM) through its president, Mr. Abiola Popoola has called on the Federal Government to honour the agreement reached between it and workers over the national minimum wage, as the institute expressed its dismay over what it described as a contract that must be honoured.

A 30-man robbery gang, weekend, engaged the Police in a shoot-out in Ibeju Lekki area of Lagos, while 13 suspected members of the gang were reportedly arrested.