The Central Bank of Nigeria (CBN) has ordered micro-finance banks, MFB, operators to display their operating licences in their banking halls.

The Presidency has approved a new management board for the Nigerian Export-Import Bank (NEXIM).According to a statement signed by the Special Assistant (Communication) to the Minister of Finance, Deborah Chinwe Okafor, the newly re-constituted board is composed under the Chairmanship of the Deputy Governor, Financial Sector Surveillance Directorate, Central Bank of Nigeria.

After two days of the suspension of trading on the five banks’ shares whose managing directors were sacked by the Central Bank of Nigeria (CBN) last Friday, stock market has lost N241.519 billion, as market capitalisation declined from N5.556,091 trillion on Friday last week to close at N5,314,572 trillion, yesterday( Tuesday ).

Equity trading on the Nigerian Stock Exchange (NSE) was driven, Tuesday, by activity in the Insurance sub-sector, accounting for 58.8 per cent of the market turnover.

The new Managing Director/Chief Executive Officer of FinBank Plc, Mrs. Suzanne Iroche, Tuesday, in Lagos assumed duty at the bank with an assurance that the bank remains sound.

African Petroleum (AP) Plc has stated its commitment to partner with government, corporate bodies and other stakeholder to popularise the use of Liquefied Petroleum Gas (LPG) after the launch of its newly introduced cylinder.

Members of Computer and Allied Products Dealers Association of Nigeria (CAPDAN) as well as affiliated businesses and members of their households are set to benefit from the Hygeia Community Health Plan (HCHP). This follows the commencement of healthcare services in designated hospi-tals around Lagos metropolis.

FOLLOWING that engulfed the chapter elections of the Association of Nigerian Licensed Customs Agents (ANLCA) the immediate past Chairman of the Board of Trustee of the group, Chief James Idornigie has called for an extra ordinary meeting to resolve all the issues at stake.

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Temi Omatseye has called on stakeholders in the maritime industry participate in Search and Rescue (SAR) in the country.

Management of the Apapa Area1 command of the Nigeria Customs Service (NCS) has warned of grieve consequence of bad port access roads, noting that idleness of bonded terminal operators could lead to chaos in the area.

THE leadership tussle in the freight forwarding industry in Nigeria has taken a turn for theworse as a front line freight forwarder and President of the National Council of Managing Directors Licensed Customs Agents (NCMDLCA) Mr Lucky Amiwero was on Sunday arrested for resisting arrest and was subsequently charged to court the following day.

Due to widespread consumer protests, Cadbury New Zealand will eliminate palm oil from its dairy milk chocolate products.The candy-maker started using palm oil earlier this year as a cost savings measure, but the move resulted in a call for a boycott by environmentalists who said that palm oil production damages rainforests, reports the newspaper.

FOR cement dealers at the popular Odun-Ade building materials market in Lagos State, it’s no business as usual as they have started feeling the impact of demolished structures by the State Government in the ongoing expansion of Orile -Badagry Expressway.

The Nigerian Association of chambers of commerce, Industry, Mines and Agriculture (NACCIMA), said it welcomed the establishment of the Infrastructure Concession Development Commission.

FOOD and Agricultural Organisation of the United Nation has estated that some $95 billion worth of food production at global level is lost annually to weed, compared with $85 billion for pathogens, $46 billion for insects and $2.4 billion for vertebrates (excluding humans).