Bank Directors Association of Nigeria (BDAN) has lend its support to the introduction of non-interest banking in Nigeria, saying it would enhance the inflow of offshore funds into the country.

A South Korean firm, in collaboration with Sinai Collateral, a major distributor and Marketer of Orion food products in Nigeria, has introduced orion choco pie, a confectionery treat created and manufactured by Orion Confectioneries with its head- quarters in Seoul, South Korea.

Chairman of Cornerstone insurance Plc, Mr. Adedotun Sulaiman said that underwriters are not satisfied with the current interest rate that the Central Bank of Nigeria (CBN) pays on the statutory deposit of insurance companies, stating that the rate is too low.

Shareholders have criticised the action of the CBN in nationalising the three troubled banks before the 30th September deadline given to them to recapitalise, insisting that the CBN appointed Chief Executive Officers (CEOs) of the affected banks be probed as they deliberately delayed their acquisition for personal gains.

SHORTLY after the appointment of the aviation minister, the labour unions in the industry opposed the appointment, on the ground that the minister is not a technocrat but in this interview, former President of Nigerian Aviation Safety Initiative, NASI, Retired Captain Tito Omaghomi disagree with them…