Despite impressive financial performance where International Breweries recorded 31.3 percent growth in revenue for nine month period ended 30th September, 2012, coupled with key expansion by the new core investors, SAB Miller, analysts at BGL Securities & Investment Limited said the shares of the company are currently over-valued.

The NSE said it will be engaging the commercial banks’ on the need to provide liquidity support to the recently appointed Fixed Income Market Makers, FIMMs, to help optimise their operation.

The World Bank has said it will work more closely with the Federal Government in order to achieve its objective of reforming the water sector, particularly in the area of irrigation.

Nigerian-based Africa Finance Corporation, AFC, yesterday, signed a N2.355 billion (US$ 15 million) agreement with the Dutch Development Bank – The Nederlandse Financierings-Maatschappij voor Ontwikkelings Landen N.V (FMO) for investment in critical infrastructure projects across Africa.

Following its interest to float $50 million bonds in the country, the International Financial Corporation (IFC) in Nigeria now stands at $1.1 billion, the largest country portfolio in Africa and the eighth-largest globally.

The Federal Inland Revenue Service, FIRS, has continued to record steady increases in the collection of all the taxes under its remit.

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Saturday, urged the Federal Government to sell off or privatise the current local refineries in the country while encouraging new private refineries to be setup.

THE Nigerian Copyright Commission (NCC), says it prosecuted 31 copyright cases in 2012, 26 of which were criminal convictions of pirates and five civil suits.

Shell Petroleum Development Company, SPDC, spilled in excess of 26,411 barrels of oil in 13 month period, January 2012 to January 2013.

Nigeria lost N1.011 trillion ($6.439 billion) to oil theft and production losses arising from the flooding that ravaged most parts of the country last year, as the country recorded a decline in crude oil production in November 2011.