BGL Plc have called on the Federal Government to increase the assets allocation of pension fund in stocks from the current 25 per cent to 40 per cent in order to boost activity in the capital market.

As part of efforts targeted at improving bilateral relationship between South Africa and Nigeria, the South African Ambassador to Nigeria has called on Nigerian investors and financial institutions to expand their operations and activities to South Africa in order to take advantage of the vast opportunities present in the region.

The bearish trend recorded in the Nigerian capital market, continued Tuesday, as the value of listed equities on the Nigerian Stock Exchange (NSE) dipped by N108.02 billion.

The US budget deficit has topped $1trn (£616bn) for the first time ever and could almost double by autumn. The news has intensified fears about higher interest rates, inflation and the strength of the dollar.

Oceanic Bank PLC has been confirmed to be very stable despite the challenges of the global financial meltdown by the internationally acclaimed rating agency, Fitch Ratings, which gave Oceanic Bank ‘B’ with stable outlook rating using the long-term Issuer Default rating (IDR).

The Chairman, House of Representatives Committee on Industry, Honourable Solomon Agidani, has disclosed that the lawmakers have commenced moves to enact an enabling law that would ban the importation of used tyres popularly called ‘ tokunbo tyres. into the country’

Nigerian Breweries PLC, has unfolded a new corporate social responsibility (CSR) project.
The latest dimension is sponsorship of creative writing workshop which the company has disbursed
N 7 million to Farafina Trust, to hold a creative writing workshop in Lagos where 25 participants will be groomed on the art of writing so that they can become future Nobel laureates in literature.

The Managing Director of Beta Computers Limited, Mr. Willy Anyaegbunam, has urged operators in the Micro, Small and Medium sized Enterprises (MSMEs) to embrace industry specific hard and software IT solutions , saying it is critical for their growth, survival and efficient management in today’s knowledge economy.”

MARITIME expert and consultant to the International Maritime Organization (IMO) Dr Wilson Omene has called for the removal of the waiver clause in the Inland and Coastal Act otherwise known as Cabotage law for the successful implementation of the law.

Managing Director of the Nigerian Exports Processing Zones Authority (NEPZA), Mr. Sina Agboluaje has said that optimum ultilisation of Lagos Deep Off_Shore Logistics (LADOL) base would create thousand of jobs for Nigerians, as well as save for nation’s economy about N1.5 billion ($10 million).

A cargo scanner installed by Global Scansysystems Ltd and valued at over 5 million dollars (N750 million) has been under_utilised at the Calabar port, the Chief Executive Officer of the firm, Mr Fred Udechukwu has said.

THE Executive Secretary and Chief Executive officer of the Nigerian Shippers’ Council (NSC), Captain Adamu Biu. has blamed state governments’ lack of commitment for the delay in the commencement of Inland Container Depots (ICDs)

As a means of subverting the Cabotage Act meant to protect the nation’s coastal trade, foreign shipowners bringing in petroleum products into the country have resorted to anchoring outside the country’s waters to prevent enforcement of the law.

IFC, a member of the World Bank Group, on Monday signed a loan agreement for $100 million with Kosmos Energy, one of the key partners developing Ghana’s Jubilee field, an offshore oil and gas project that will help diversify Ghana’s economy and meet domestic power demand.

Truck operators in the maritime sector, have again cried out to the federal government to check the excesses of the Lagos Ports Access Roads Monitoring Unit (LAPARMU), alleging their extortionary tendencies would wind the economy if allowed to continue.