President Barack Obama restored privileged US trade partner status Tuesday to Ivory Coast, Niger and Guinea following democratic gains in the African countries, the White House said.

Efforts at resolving the crisis in the Nigerian banking industry will put the country’s economy at risk, says the Central Bank of Nigeria, CBN, in its Economic Report for the first half of 2011.

The Minister of Mines and Steel Development, Arc. Musa Mohammed Sada has stressed that the Federal Government would not entertain an out of court settlement nor would it enter into further negotiations with Global Infrastructure Holdings Limited, GIHL, over the cancellation of the concession of Ajaokuta Steel Company Limited (ASCON).

As part of contributions to the ongoing efforts to create an enduring environment for the growth of the Nigerian oil and gas sector, Tricontinental Technologies Limited, a division of the Tricontinental Group has recorded a giant stride through its technological initiatives to eliminate downtime in the industry.

The Third International Association of Dentists Researchers (IADR) Conference in Abuja came to an end with Unilever Nigeria Plc announcing its sponsorship package for the two prize winners of Unilever Hatton Competition.

Nigerian government finances remain highly vulnerable to oil price fluctuations and Africa’s top oil producer is likely to be affected by a worsening of global economic conditions, central bank Governor Lamido Sanusi said.

Sterling Bank Plc achieved impressive growths in profitability in the third quarter as aggressive business development initiatives and better credit risks management improved the balance sheet position of the bank.

IN an effort to accelerate the its transformation agenda in the power sector, the federal government has signed a memorandum of understanding (MOU) with the United States of America which would enable independent power producers in Nigeria to access up to $1.5billion facility to purchase electric power equipments and services from the United States.

Kewalram Nigeria, sole franchisee of Panasonic system solutions, an electronic and office equipment producers, has unveiled its system solutions; a range of office appliances to enhance performance and ease communication, even as Panasonic invests $2o million to expand market share.

AFTER half a century of oil exploration and production in Nigeria, Downstream operators have lamented the exploitative mode of operation of the multinationals in developing the upstream sector at the detriment of the downstream.