The Inter-Governmental Action Group against Money Laundering in West Africa, GIABA said it is set to enlighten stakeholders in the African economy on the need to ensure a stable financial sector and ensure a reduction in the vulnerability of the informal and designated non financial businesses and professions to money laundering and terrorist financing activities.

Deregulation of the downstream oil and gas sector may likely pose a serious threat to the stability and continuous improvement in the value of the naira, says a financial analyst, Mr. Babatunde Obaniyi.

One of the calls I received to my letter to the Finance Minister came from London, he like, Frank, from Delta State prayed that Dr Okonjo-Iweala will listen to me. Personally, I don’t expect that to happen. It is simply un-Nigerian for a top government official to “listen to” an ordinary pen pusher on a subject they consider themselves experts.

BGL Plc has called on the National Insurance Commission (NAICOM) to carry out an industry wide capital adequacy verification exercise to evaluate the stability of the sector.

An NGO, Publish What You Pay, has called on the Nigeria Extractive Industries Transparency Initiative (NEITI) to promote the extractive industry’s efficiency by promptly releasing audited reports of the industries.

There couldn’t be a more appropriate venue for my first major speech in Washington as IMF Managing Director. More than anyone else, it was Woodrow Wilson who championed the cause of multilateralism and global fraternity.The seeds he planted bore fruit in the postwar milieu that produced the IMF and its sister organizations. For at the heart of our mandate lies a simple but powerful idea—that cooperation can bestow not only economic stability, but a better future for all.This idea has never been more important.

ABAKALIKI-THE National Vesico Vaginal Fistula Centre in Ebonyi State weekend, treated and discharged 60 patients from South South, South East, North Central and South West geopolitical zones of the country.

PZ Cussons Nigeria Plc has recorded N5.2 billion being profit after tax for the year ended 31st May 2011 despite the global economic challenges. Chairman of Board of Directors of the Company, Prof. Emmanuel Edozien who disclosed this at the 63rd Annual General Meeting, AGM, of the company in Calabar, Cross River State, said that the turnover of the company increased by 5 per cent from N62.7 billion last year to N65.9 billion in the year ended 2011.

ENUGU- Conference of Nigerian Political Parties, CNPP, Sunday, condemned the killing of Babakura Alhaji Fugu, brother-in-law of the late leader of Boko Haram, Yusuf Mohammed, two days after his meeting with former President Olusegun Obasanjo in Maiduguri, Borno State.

LAGOS-NATIONAL Pension Commission, PenCom, weekend, said it would engage recovery agents to assist in recovery of un-remitted pension deductions by private sector organistions, including the media.

The Lagos State Government has launched the Housing Arbitration Rules of the Lagos Home Ownership Mortgage Scheme, HOMS, which is meant to provide speedy and effective resolution of disputes that arise under the scheme.is designed by the state government to meet the demand for large-scale affordable housing.

Nigeria’s inter-bank lending rates dropped to an average of 10.75 per cent this week from 11.41 per cent last week. This has brought about an increase in banks’ use of the Central Bank of Nigeria, CBN, discount window to borrow cheaper funds.

An investment banker, Mr. Olu Abayomi-Sanya, has advocated the use of the capital market in addressing the housing deficit in Nigeria.

The Obi of Onitsha andChairman Anambra State Traditional Council, Dr. Nnaemeka Alfred Achebe, has been appointed chairman, Board of Directors of Unilever Nigeria Plc.

OWERRI-The Independent National Electoral Commission, INEC, weekend, declared Innocent Ekeh of All Progressives Grand Alliance, APGA, winner of the re-run state constituency poll in Owerri West local council area of Imo State.