Oceanic Bank International Plc has been awarded with a marketing and communications award by the Marketing World Magazine.

Foreign Direct Investment (FDI) flows to Nigeria declined by 29 percent in 2010 amidst regulatory concerns in the nation’s oil industry.

An Ikeja High Court in Lagos has heard how former Managing Director of Intercontinental Bank Plc, Erastus Akingbola, allegedly transferred the bank’s 8.5 million pounds into his domiciliary account.

Skye Bank Plc and Mall for Africa Limited, an online store with over 100,000 items for Nigerians to choose from, have entered into a partnership that will make online purchases and payments easy and convenient for Nigerians for goods purchased in the United States and Europe.

THE Lagos State Microfinance Institution (LASMI), in partnership with the Lagos State Cooperative Federation (LASCOFED), has established a micro-credit fund that would be accessible to members of LASCOFED with the aim of alleviating poverty.

Mushrooming bilateral and regional trade agreement meetings need to regulate global production so as to benefit non-members too.

Foreign investors looking for opportunities have been asked to look the way of Nigeria because of its suitable economic environment which ensures return on investment that is unmatched anywhere in the world.

A team of investors have inspected facilities at the site of the proposed Export Processing Zone in Koko in the Warri North Local Government area of Delta.

HIGH-LEVEL experts from ECOWAS member states, who met in Ghana, recently, have identified priority actions to improve the implementation of the ECOWAS Trade Liberalisation Scheme (ETLS), which would reduce the costs of doing business and increase regional and international trade. The two-day meeting was co-organised by the USAID Trade Hub and ECOWAS.

Petrobras, Brazil’s oil company, has announced a long-awaited plan to invest $224.7bn over the next five years following months of battling with the government over cost-cutting.