…Says breach of section 19 tantamount to revocation of licence.
The Central Bank of Nigeria (CBN) is set to commence a surveillance scheme for Microfinance Banks (MFBs) in the country, so as to monitor their activities.

…As 3 more bodies recovered *Pipeline vandalisation, a big business—DPR
Ogun State Governor, Senator Ibikunle Amosun, Sunday, accused officials of National Petroleum Corporation, NNPC, of conniving with vandals to wreak havoc on the country’s economy through pipeline vandalism.

Director General of Nigerian Civil Aviation Authority ,NCAA, Dr Harold Demuren recently reacted to call by the House of Representative for his removal as the Director General of the regulatory agency.

UMUAHIA—PARENTS and guardians in Abia State are currently bemoaning the high rate of fees in private schools in the state, and called on the government to place a ceiling on how much the institutions could charge.

The Nigerian National Petroleum Corporation, NNPC, yesterday expressed shock over alleged claim by Governor Ibikunle Amosun of Ogun State that its officials were colluding with vandals to destroy pipelines in Arepo, saying that, “engaging in a blame game, when every responsible Nigerian citizen is wondering about Arepo which is in his domain,’’ was unhelpful.

The Nigerian Stock Exchange (NSE), Friday, admitted N6.23 billion shares of UBA Capital Plc and Africa Prudential Registrars Plc in its daily official list.

FORMER President Olusegun Obasanjo has identified corruption, insecurity and infrastructure decay as major problems confronting the African continent.

Obasanjo said this at the inauguration of newly-established Africa Institute, Valparaiso University, Indiana, USA.

The former president spoke as the convener of the Save Nigeria group, even as SNG, Pastor Tunde Bakare, yesterday accused him of allegedly returning the country to the path of corruption.

General Secretary, Airline Operators of Nigeria (AON), Alhaji Muhammed Tukur has warned the Federal Government and members of the National Assembly aviation committees in both houses not to destroy the aviation industry and what the industry has achieved.

WORRIED that the current deplorable state of affairs in the country could lead to an avoidable catastrophe, Archbishop Emeritus of the Catholic Archdiocese of Lagos, Anthony Cardinal Okogie, Sunday, sounded a note of warning to the country’s leaders to urgently rise to the challenge of addressing the situation and save the nation from imminent collapse.

The tax environment can affect the activities of individuals and corporate bodies either positively or negatively. Filmmakers and relevant stakeholders should begin to align goals and strategies to grow the sector with particular intention to claim their own share of the package of tax incentives the government has granted to other sectors of the local economy.

BENIN—IMMEDIATE past Secretary to Edo State Government, SSG, Dr. Simon Imuekhemhe, weekend, said that one of the secrets behind the success of the administration of Governor Adams Oshiomhole in the state was the cordial relationship that exists between the organised labour and the state government.

The National Assembly is set to pass the bill on social housing, now in its final stages at the federal legislature, into law.

Every year, Nigeria’s media traditionally celebrate persons adjudged to have distinguished themselves in their respective fields of endeavour or indeed, in their apparent dedication and commitment to their responsibilities as public servants.

Two weeks ago when I wrote about the cement manufacturers in the country and the need to encourage them, one of the responses was in the form of a question. The reader asked how to tackle the glut in the industry as of today. It is rather unfortunate that both the government and the private sector in Nigeria are not forward looking. At the moment the construction and housing sector of the economy which make use of cement are depressed.

Till today, the top twenty countries remain among the most disciplined and have the lowest tolerances for corruption and laxity. Till today no Minister in Japan, or Russia, can promise to add so many megawatts of power and fail to do so without losing his job and being black-listed permanently from public appointment.