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.

Ekiti State Commissioner for finance, budget and economic development, Mr. Dapo Kolawole, has declared that the proceeds from the N20 billion bond floated recently by the state government will be beneficial to its people.

The Lagos Chambers of Commerce and Industry (LCCI) say it has critiqued and identified a number of shortcomings in the Federal Government’s 2012 budget.

Senator Gbenga Ashafa representing Lagos east senatorial district has asked the FG to outsource the Bureau of Public Enterprises (BPE) immediately, saying “this is the only drastic measure that can help to bring merit into future privatisation process.”

Standards Organisation of Nigeria says it will start enforcing its newly revised 0ff-shore Conformity Assessment Programme popularly called SONCAP before the end of January 2012.

Managing Director of the International Monetary Fund, Christine Lagarde has urged developing countries to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.

Guinness Nigeria Plc has commissioned the water of life project in Enugu State. The Head of Responsibility, Guinness, Mrs. Adrianne Nwagwu said the building of Water of Life Project was an integral part of the company’s corporate citizenship agenda.

The Nigerian Stock Exchange, NSE, said it has put machineries in motion to harness the opportunities inherent in the Exchange Traded Fund, ETF, market, projected to hit N800 trillion ($5 trillion) by 2015.

Chairman of Union Assurance Company Limited, Mrs. Funke Osibodu has said that the company will continue to meet its obligations to policyholders despite the challenging business environment.

Following the approvals received from shareholders, it appears that Union Bank Nigeria (UBN) Plc shares will be oversubscribed as they have generally expressed keen interest to pickup their rights.