The board and management of Intercontinental Wapic Insurance Plc have changed the company’s name to Wapic Insurance Plc consequent upon Access Bank Plc’s assuming the controlling interests in Wapic.

Oyo State government has approved an upward review of housing loans for civil servants in the state to enhance their capacity to own houses.

The national debt burden, which was about $32bn in 2006 was regarded as excessive and unsustainable. Consequently, we were encouraged to part with $18bn in order to cancel most of our external debt. Inexplicably, just six years down the line, Dr. Ngozi Okonjo-Iweala, who as Finance Minister incidentally ‘midwifed’ the controversial debt payout in 2006, now confidently assures Nigerians that our current debt burden of about $45bn is nothing to worry about, since, at only 17%, it falls well below the critical debt to GDP benchmark of 40%! The Coordinating Minister of the Economy is obviously unfazed that the average cost of servicing over N6 Trillion of these debts annually is in excess of 15% in place of 1 – 7% for such risk-free sovereign debts elsewhere.

The Managing Director of Asha Microfinance Bank Limited, Mr. Aminul Haque Bhuiya, has said that adopting a simple operation model would fast track the growth of MFBs in Nigeria.

Over 10,000 contributors to the new pension scheme who have retired as well as some that will soon be due for retirement have their funds trapped with their various Pension Fund Administrators, PFAs.