FBN Holdings still towers above the rest of the banks in the industry by revenue but rising credit losses have robbed it of significant profit capacity this year. Impairment charges for credit losses made an upsurge of about 250% year-on-year at the end of the third quarter to stand at N46.64 billion. That has far exceeded the total impairment charges of N25.94 billion the bank made in the whole of 2014.

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Alhaji Gimba Ya’u Kumo, said last week that some 68 million Nigerians were improperly housed. Ya’u Kumo stated this in Abuja at a civil society interface organised by Initiative for Leadership and Economic Watch in Nigeria (ILEWN), a civil society organisation.

A Dutch Appeals Court ruled weekend that Royal Dutch Shell can be held liable for oil spills at its subsidiary in Nigeria. Judges in The Hague ordered Shell to make available to the court documents that might shed light on the cause of the oil spills and whether leading managers were aware of them. Friday’s ruling overturned a finding by a lower Dutch court in 2013 that Shell’s Dutch-based parent company could not be held liable for spills at its Nigerian subsidiary.

The Federal Inland Revenue Service (FIRS) says it expects to capture at least 500,000 new corporate accounts in its tax database by March 31, 2016. The Chairman of FIRS, Mr Babatunde Fowler, told State House correspondents in Abuja that the objective was to ensure timely collection of revenue on behalf of the Federal Government.

The council of the National Institute of Marketing of Nigeria, NIMN, has stated that one of its focus in the next few years would be to strengthen its regional operations by further enhancing the status of its chapters. This, according to the Council, represents a way of deepening its membership drive outside Lagos, its traditional catchment area, as Agenmonmen is elected First Vice President.