Asset Management Corporation of Nigeria (AMCON) said with the 90 per cent purchase of non-performing loans in the banking industry, banks no longer have liquidity problems.

AMCON Managing Director/Chief Executive, Mustapha Chike-Obi stated this last week at the 12th Annual General Meeting of International Chamber of Commerce (ICC) Nigeria.

In a bid to effectively address the challenges of land administration in a sustainable way, the Nigerian Institution of Surveyors has called on the federal government to establish a National Land Reform Commission (NLRC). It also called on government to commit more funds to secure new maps for the country.

The National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) controlling over N100 billion and above to create certain departments while potential personnel for top management positions must meet certain requirements as well.

“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and income”.

Vigeo Holdings Limited, a multi-business enterprise with interest in Power, Shipping, Oil & Gas, Distribution and Financial Services, has announced the appointment of Mrs Ayodele Maji as an Executive Director.

The Cement Company of Northern Nigeria Plc, CCNN, has spent N7, 515million to upgrade its existing production facilities and the expansion of production lines.

For the people of Uwalagbaegwu Iziogo Ezzainyimagu in Izzi Local Government Area, Ebonyi State, the events leading to the just concluded general elections will not be forgotten in a hurry, considering the violence that was witnessed in the peaceful town.

“In spite of Organised Labour’s recognition of the real advantages that a deregulated downstream oil sector would bring to the economy, there is yet no sign that Labour’s opposition to this policy has waned! Labour, of course, recognizes that NNPC (Nigerian National Petroleum Corporation), like all monopolies (especially state run monopolies) create price and market distortions which do not generally favour the masses. Thus, even when it is clear that deregulation will not only release at least N600bn revenue annually for critical infrastructural upliftment, but also reduce the space for corrupt enrichment within the petroleum subsector and induce keen competition with improved consumer services, Labour is not convinced that deregulation would translate into cheaper or stable petrol prices, especially when global crude oil prices usually follow an upward trajectory over time.

Mrs Rachael Ogbah is the Chief Executive Officer of Reachy Travels and Tours Limited. In a chat with Vanguard in her Ilasa, Lagos office last week, she spoke on several issues including how Reachy Travels and Tours Limited came into being and the challenges facing the travel industry.

“Are you sure this one is not a member of the Boko Haram sect?” asked a commuter by name, David, in the CMS-bound commuter bus as he watched the unfolding drama before him. A young, slim, dark-complexioned motorcyclist, popularly called Okada rider, had just zoomed past the vehicle and was almost hit by a trailer as he tried to overtake the heavy duty vehicle.