The Central Bank of Nigeria (CBN) is set to implement the Nigerian Sustainable Banking Principles (NSBP) and the accompanying three sector guidelines on Agriculture, Power, Oil and Gas introduced in July 2012 and adopted by the Bankers’ Committee.

Honeywell Flour Mills PLC has announced its nine operating results for 2012 which show profit before tax (PBT) rising marginally by 1% to N2.54 billion.

Major oil industry executives gather in Nigeria’s capital for an annual conference this week with Africa’s largest crude producer under pressure over reports alleging large-scale corruption and mismanagement.

Hon Uzoma Nkem-Abonta, a lawyer, represents Abia State in the House of Representatives. He is said to have moved the highest number of motions on the floor of the House. In this interview, he speaks on the Petroleum Industry Bill, PIB; Nigeria’s centenary celebrations and other national issues.

Port terminal operator, APM Terminals Apapa Limited, has introduced satellite-based container location system capable of ensuring 99.5 per cent accuracy of container location and inventory in the terminal yard to aid prompt service delivery at the port. The equipment includes a satellite-based Global Positioning System (GPS) for containers, and a multi-level container inspection facility for physical examination of containers by Customs operatives.

Over three years after the pre-qualifying bidding exercise embarked upon by the Lagos State government for the relocation of the popular Computer Village to de-congest Ikeja, and ensure urban renewal, some operators and residents in the area, which houses thousands of technology companies, are agitating and questioning government sincerity about the project.

As controversy continues to trail 2013 appropriation bill, an economic expert is of the opinion that the Federal Government may not be able to implement up to 50 per cent of the total budget, when the grey areas and other issues surrounding the document are finally resolved. Also, the delay in signing the document due to the face-of between the executive and the legislature if not carefully handled, according to Mr Sulayman Bello, can lead to constitutional crisis.

The management of Indorama Eleme Petrochemicals Limited said on Friday that it had concluded plans for the construction of Africa’s largest fertiliser plant in Eleme, Rivers State.

Barrister Tony Dania, is a foremost legal practitioner and maritime expert. In this interview with Saturday Vanguard Business, he gives legal points on germane issues that bother on Nigeria’s national economic development with regard to the maritime, oil and gas business challenges. Excerpts:

Statoil ASA has secured the approval of the United Kingdom for its $7 billion Mariner heavy oil field’s development, in the North Sea