The recent announcement by the Federation Accounts Allocation Committee, of over N760bn disbursement to cash famished states, was popularly regarded as a bailout package, despite clarifications from the President’s Media Adviser that the income was actually the constitutional entitlement of the three tiers of government.

Lagos—In a move to possibly prevent the publication of names of chronic bank debtors in national dailies as directed by the apex bank, the Lagos Chamber of Commerce and Industry, LCCI, yesterday, cautioned against the move.

YENAGOA- Environmental Rights Action/Friends of the Earth, Nigeria, ERA/FoEN, an environmental pressure group has reported that there is an ongoing oil leak from Shell’s Adibawa Well 8 in Edagberi community of Rivers State.

NIGERIA is a reservoir of skillful footballers. From Thunder Balogun to Haruna Ilerika, Inua Rigogo to Emmanuel Okala, Tony Igwe (World Two) to Chairman Christian Chukwu (CCC) Sanni Mohammed to Muda Lawal, Kanu Nwankwo to Jay Jay Okocha, Nigeria produced them all.

The Nigerian-British Chamber of Commerce (NBCC) has called on the government to come up with viable legal framework for real estate sector to provide affordable houses for Nigerians.

China released data on its gold holdings for the first time in about six years, but investors say the guessing game about the country’s actual inventory continues.

YENAGOA—Bayelsa State government says it is reworking its financial management strategies to cushion the adverse effects of the shortfalls from the Federation Account to the state, due to dwindling oil prices at the international market.

M r. Anthony Okpala is the Managing Director/ Chief Executive Officer of Carlsbury Winery Limited, makers of Cartier wines. Okpala has a first degree in Food Technology and a master’s in Business Management from Texas A & M University, USA.

Investors in capital market appears to be facing more headwinds in the weeks ahead as key factors that led to recent market declines are stiffening. The key factors are foreign portfolio investor’s (FPI) apathy and weak corporate earnings.

The Chairman, Traditional Medicine Council of Osun state, Chief Idowu Omokayode Esuleke, has said that Nigeria loses about $200 million in untapped potential in the traditional medicine, calling on the Federal Government to harness the opportunity as a veritable alternative to oil and revenue drive.

Fund Managers Association of Nigeria (FMAN) has commenced moves to attract part of the N4.9 trillion pensions into the mutual funds industry.

Ibadan—FORMER governor of Oyo State, Senator Rashidi Ladoja has said Nigerians would appreciate it better if current political leaders in the country could cut their total monthly take-home package and not salaries alone.

Stakeholders, have called on the Federal Government to focus on areas of boosting government revenue as a means of meeting the country’s infrastructural deficits and financial obligations.

OLEH—POLICEMEN at Oleh Division in Isoko South Local Government Area of Delta State have arrested a-28-year-old woman in connection with the sudden death of her lover in her residence.

The International Monetary Fund (IMF) says it is taking measures to boost access to its resources and help countries better mobilise domestic revenue. The IMF said that it would also focus more of its own work on issues such as equity, inclusion and the environment.