ABUJA — Federal Capital Territory (FCT) Minister, Senator Bala Abdulkadir Mohammed has commended the electorate, the entire residents of FCT, the Independent National Electoral Commission, INEC over the peaceful and harmonious conduct of the Area Council election held on Saturday, March 16, 2013 throughout the territory.

The Federal Government has lost a whopping N90 billion (about $550 million) in revenue from tax evasion to the grey market operators in the automobile industry over the last four years.

There is need to do a proper re-evaluation of the N22.9 billion forbearance package recently granted 82 stockbrokers that got involved in margin trading to differentiate genuine and fraudulent margin loans structured in connivance with banks, said Victor Ogiemwonyi, Managing Director, Partnership Investment Plc.

Management of Royal Exchange Insurance Group has said the firm has experienced good fortune since the commencement of the ‘no premium no cover’ policy in the insurance industry.

The two most engaging Ministers in President Jonathan’s lackluster cabinet, are, arguably, Messrs Adewunmi (Ade), the Federal Minister of Agriculture and Aganga (Segun), the Federal Minister of Trade and Investment. They are both eminently erudite, impeccably dressed, full of mesmerizing data, big dreamers and mostly misleading.

The Special Fraud Unit, SFU, Milverton Ikoyi, Lagos, has arrested a 50-year-old man following his attempt to defraud the Canadian government of N89.9million.

Values of equities listed on the Nigeria Stock Exchange (NSE) revived last week with N32 billion appreciation driven by price gains by blue chip companies led by Total PLC and Guinness PLC.

Jos—As the strike by workers in Plateau State government-owned tertiary institutions enters the fourth week today, they have rejected the setting up of another committee by the state government to look into their grievances.

The embattled national chairman of the All Progressive Grand Alliance, APGA, Chief Victor Umeh was recently sacked by an Enugu High Court over irregularities in his election. The court pronouncement which is now the subject of judicial appeal is only one of the entanglements that have recently caught up with Umeh who at one time was indomitable in the affairs of the party.

Mortgage Banking Association of Nigeria (MBAN), the umbrella body of primary mortgage banks (PMBs) in Nigeria, has initiated moves towards the development of mortgage default insurance, in collaboration with UBA Metropolitan Life Insurance Company Limited.