Basel Committee on Banking Supervision, which comprise Central Bank Governors and Head of Banking Supervision units around the world, has called for higher levels and quality of Tier 1 capital for banks.

Japan and the African Development Bank (AfDB) have approved a grant of $1m to AB Microfinance Bank of Nigeria (AB MFB) from the Fund for African Private Sector Assistance (FAPA).

Standards Organisation of Nigeria(SON) has issued a six months ultimatum to importers of Galvanized Corrugated Steel Roofing Sheets to stop bringing in the commodity by December 31, 2009, even as it directed local manufacturers to comply strictly to the directive within the same period.

The Food and Drug Administration on Tuesday unveiled a new electronic database where manufacturers must notify the government if they believe one of their products is likely to cause sickness or death in people or animals.

The Nigerian Maritime Administration and Safety Agency, (NIMASA) has sent 27 youths to the Academy of Maritime Education and Training, AMET, India for a three-year training in Seafaring
The youths represent the first batch of beneficiaries of the Nigerian Seafarers Development Programme, (NSDP), a pet project of the Federal Ministry of Transport, to develop the Nigerian seafaring potentials.

The new Comptroller General of Customs (CGC), Abdullahi Dikko, has rolled out a six point agenda for officers and men of the Service, even as he has promised an enhanced salary packaged to encourage productivity.

Standards Organisation of Nigeria is set to also rid the Nigerian Markets of substandard Long Span Aluminum Roofing Sheets.

GlaxoSmithKline Consumer Nigeria PLC, has launched Ribena Colouring Spree Promotion, saying it’s to reward consumers of the product.

THE various freight for warding groups in the Nigerian maritime industry have disagreed over the recently introduced wharf landing fees

The National President of the Council of Managing Directors of Licensed Customs Agents, Mr Lucky Amiwero has accused the Area ‘B’ Division of the Nigeria Police of conspiring with unscrupulous elements to foment trouble in the freight forwarding industry of the Nigerian maritime sector.

Former Governor of Abia State, Dr Orji Uzor Kalu, Chief Whip, House of Representatives, Chief Emeka Ihedioha and the Executive Secretary, Nigerian Shippers’ Council, Captain Adamu Biu will amongs those in the Nigeria’s political class and maritime industry to the honoured by the Maritime Reporters Association of Nigeria (MARAN) for their contribution to the maritime industry today.

The Minister of Aviation, Mr Babatunde Omotoba, said in Lagos on Tuesday that the International Civil Aviation Organisation’’s recommendations on regulatory standards would enhance safety in Nigeria’s airspace.

Nigeria will require, at least, N60 million to host the International Exhibition of Young Inventors (IEYI), according to the Minister of Science and Technology, Dr Alhassan Zaku.

Following the current crisis rocking the Nigeria financial sector, the Central Bank of Nigeria (CBN) has concluded plans to meet with stockbrokers and investors in the Nigerian capital market, next week, to brief them of the latest development in the banking sector and seek suggestions on ways to move the sector out of its current predicament.

THE British government disclosed Monday that its export to Nigeria stood at £1.3 billion in 2008 short of what it sold to South Africa, just as the volume of trade it had with Nigeria increased significantly by 30 per cent in 2008 and 23 per cent in the first five months of 2009.