The Bankers Committee has said that it will develop a framework for common reporting among banks under the International Financial Reporting Standards. It has also set up a subcommittee on women empowerment for the purpose of achieving female diversity in the banking industry and to provide cheap funding for women businesses.

Two leading companies in telecom and banking sectors of the economy, Globacom Limited and First Bank of Nigeria Plc., have agreed to combine their strengths to provide seamless mobile money services to millions of Nigerians.

The United Nations Industrial Development Organisation (UNIDO), says Nigeria is yet to productively tap the full potentials of its vast oil resources, especially in addressing its social and economic needs. Dr Patrick Kormawa, the Country Representative of UNIDO in Nigeria, said this in Abuja.

The Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA) has called for growth enhancing policies for the industrial sector in the country.

THE management of the Nigerian Maritime Administration and Safety Agency (NIMASA) is currently in a quandary over the unexpected resignation of one its Directors, Barrister Boniface Igwe as a result of the retention of another Director (names withheld) who has retired and was paid off.

Fifty years after, there is a strong indication that the Nigerian economy is heading for an era of cement surplus and there would be left overs for the export market.

THE management of the Nigerian Ports Authority (NPA) has concluded plans to partner with the Nigerian Institute of Management (NIM) for the development and sharpening of the Managerial skills of its personnel.

The Pharmaceuticals industry in the country currently contributes less than 5 percent to GDP (gross domestic product). In this interview, the President of the Pharmaceutical Society of Nigeria, PSN, Pharm. Azubuike Okwor, says despite the injection of N200 billion Pharmaceutical Development Fund by the Federal Government, Nigeria is but only a spectator in the 41 billion naira global biotechnology industry. Excerpts:

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Ziakede Akpobolokemi has said that the agency will continue to train dockworkers operating in the nation’s ports in order to improve their productivity and the volume of cargo coming into the country.

THE Managing Director of the Gambia Port Authority last week visited management of the Nigerian Ports Authority, with a view to soliciting Nigeria’s support in the forthcoming election to the office of the Secretary General of Port Management Administration of West and Central Africa (PMAWCA).