As 2011 economic year comes to an end, analysts and economists are already looking at the growth rate in the country. A holistic view of various sectors revealed that Nigeria ’s economy is growing at eight per cent.

The Nigerian Communications Commission (NCC) has reaffirmed its commitment to ensure efficient service delivery in the country’s telecom sector as well as safeguarding Telecoms Consumers and sundry stakeholders from unfair practices.

In support of the cashless economy initiative of the Central Bank of Nigeria (CBN), telecommunication giant, Globacom Nigeria has launched the first mobile money service known as Glo Txtcash. This service will enable mobile subscribers use their mobile numbers to store electronic Value (E-Value) of money easily.

The Federal Government has been called upon to embark on massive investments in the bio-fuel sub-sector and building of new refineries to diversify the economy to optimise outputs in order to meet it target of ranking among the top 20 economies in the world by 2020.

As government plans the removal of the fuel subsidy, and as President Goodluck Jonathan asks Nigerian to sacrifice for the future, a breakdown of the 2011 budget shows that there are billions that could be put in better use but are being wasted on presidential food, household utensils, travels and the likes.

FACED with a barrage of criticisms from many fronts, the Federal Government is now doing what it should have done earlier before announcing its plan to remove fuel subsidy as from next year.

For Nigeria to avoid a sovereign debt crisis like it is being experienced by some European countries, all the three tiers of government must embrace and institutionalise prudent management of their debt profile

Following its strategic plan to increase its production capacity and keep pace with the growth in the Nigerian Cement market, Lafarge Cement WAPCO Plc has commissioned its N750 billion investment in Ogun State, which has the capacity to produce eight million tones of cement yearly.

Keystone Bank Limited said it will leverage on the opportunities in the retail and consumer banking segment to grow its market share to compete effectively and ensure it returns to profitability in 2012.

Nigeria’s efforts to unlock its economic potential through major reforms will soon yield results. This was stated in a report published by the global publishing, research and consultancy firm, Oxford Business Group (OBG), which marked it’s third publication on the African state.