The Executive Board of the International Monetary Fund (IMF) has approved gold sales in a volume strictly limited to 403.3 metric tons, with these sales to be conducted under modalities that safeguard against disruption of the gold market.

As is to be expected of such a novel idea, the reaction from shareholders to the call for amendment of Companies and Allied Matters Act (CAMA) and proposed creation of Unclaimed Dividend Trust Fund (UDFT) have been mixed with some shareholders vehemently opposing the initiative, just like there were initial opposition to the on-going reform in the banking sector.

The dream of every parent is to see their baby live, grow healthy, become adults with a glowing skin devoid of blemishes. This, prompted PZ Cussons, manufacturers of Cussons baby range of skin care products to introduce its range to expectant mothers in hospitals across Nigeria.

Group Managing Director/Chief Executive Intercontinental Bank, Mr. Mahmoud Lai Alabi said that the bank has put in place strategies to recover N200 billion of its loan in the next three months.

As Outdoor Advertising Association of Nigeria (OAAN) and Lagos State Signage and Advertising Agency (LASAA), buries advertisement space hatchet, LASAA said it will not increase registration fee for new entrants into advertising practice in Lagos, until 2010.

THE Director_General, Standards Organisation of Nigeria(SON), Dr. John Ndanusa Akanya has called on the Federal government to set up a regulatory agency that will be saddled with among others the responsibility of regulating the electrical and electronics appliances that are being sold and used in the country. According to him, if established, it will go a long way in ensuring that consumers get the best for the money they spend as well as Nigeria getting the best.

Regulators, top government functionaries, bankers, major switching companies, telecom operators, device manufacturers and suppliers as well as the general public will tomorrow gather for the much awaited Nigeria Telecom/Device Forum. The forum which is coming at the end of the blessed month of Ramadan is collegial with opportunities for key actors in the industry to meet, discuss, suggest and chart a roadmap for the future of communications industry in Nigeria.

By DELE SOBOWALE There are some commercial banks that have a negative net worth. What is CBN’s plan for them? Who is going to merge with a bank with a large negative net worth under your N25 billion scenario? Is this a disguised way of putting them out ofbusiness by December 31, 2005? Why would […]

IT will be exactly a year ago tomorrow, when the proactive administration of Governor Babatunde Raji Fashola scored another first, this time, a technological feat – the pulling down of the 22-storey Bank of Industry (BOI) building without any casualty, not even the slightest damage to surrounding structures.

WORKERS in the nation’s Chemical and Leather industry, have petitioned the Minister of Labour and Productivity, Prince Adetokunbo Kayode, to look into unfair labour practices by Lee Group of Companies, accusing the group of unfair labour practices.

Junaid Mohammed, the current chairman of Peoples Salvation Party is a second republic MP who served as a minority leader of the House in 1979 to 1983. He is fiery and treats issues with utmost frankness it deserves. In this encounter with Saturday Vanguard, Junaid spoke on the policy of the new CBN Governor, amnesty […]

As the Federal Government seeks ways of curbing the restiveness in the Niger-Delta region, Minister of States for Niger-Delta, Elder Godsday Orubebe, in this interview with Godfrey Bivbere, speaks on solutions to the problem, what his ministry is doing and the place of the Maritime Academy of Nigeria (MAN), Oron in this effort.
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FOR Zain, the circle has run full course as the most celebrated telecom provider in Nigeria in terms of customer service provision since it first appeared on the horizon in 2001 as Econet Wireless and through fire brand evolutions – Vodacom, Vmobile and Celtel.

NIGERIA is not ready for service export .This was the view of the Managing Director, Nathan EME, Mr. Sunil Sinha, an export consulting firm..

Following their heavy indebtedness to banks in the country through margin facilities, stockbrokers have called on the Central Bank of Nigeria (CBN) to prevail on the banks to abide by the debt restructuring agreement entered with them in the wake of the meltdown in the capital market.