THE National Association of Nigerian Traders (NANTS) has said that if the Federal government must achieve the set goal of becoming one of the top twenty economies of the world, there was the urgent need for resources to be channelled into the development of small scale industries in Nigeria.

The Federal Government should not ex-periment with the appointment of a new Director-General of the Securities and Exchange Commission (SEC) by appointing a learner, says a senior capitala market operator.

The Umuchinemere Procredit Micro Finance Bank (UP-MFB) Nigeria Limited, Enugu, in its efforts to empower and improve the well being of the active poor, is set to establish a micro insurance scheme for the rural populace of Enugu
Chairman of the bank, Rev. Obiora Ike, at the commissioning of the bank’s Customer Relations Office (CRO), at Afor-Oghe, in Ezeagu LGA, Enugu State, disclosed that the aim of the insurance policy was to secure the farm produce, livestock, and small business enterprises of the active poor, according to their levels.

The Board of Directors of the African Development Bank (AfDB) Group approved, Wednes-day in Tunis, a $500m investment in the Global Trade Liquidity Program as the second phase of its Trade Finance Initiative.

Standard Chartered has announced its full acquisition of the remaining shareholding in First Africa Group Holdings Limited (“First Africa”), a Leading pan-African Mergers & Acquisitions (“M&A”) advisory firm.

Shareholders of Starcomms Plc, Wednesday, endorsed the proposal by its Board of Directors to establish a management share incentive scheme for the benefit of the employees to spur them for increased productivity.

Integrated Microfinance Bank Ibadan branch is organizing a Carnival Road Show on poverty alleviation in Oyo State. The event is scheduled for today Thursday 2nd of July, 2009. The float/carnival will go around ibadan metropolis starting from the Governor’s office and end up in his office.

The recent rally in the Nigerian capital market, entered its second day, as the value of listed equities on the Nigerian Stock Exchange (NSE) rose Tuesday, by N139.63 billion.
Particularly, the value of listed equities rose by 2.33 per cent to close at N6.125 trillion from N5.986 trillion at which it opened.

The Lagos Chamber of Commerce and Industry (LCCI), has tabled ten intervention areas for the new Governor, Central Bank of Nigeria (CBN),Sanusi Lamido Sanusi.

Recently, freight forwarders at the PTML Customs Command protested the alleged increment of charges at the Command . The quick intervention of the Command’s Area Comptroller Mr Austen Warikoru who spoke to GODWIN ORITSE on how he was able to quell the crisis also said that he has observed that Nigerian do not like paying taxes.
Below are excerpts

For the first time, a world patented, Nano technology-based water soluble waterproofing agent known as Zycocil has been introduced into the Nigerian market to boost building and engineering construction in the country.
It can be easily applied by spray brush or roller to new and existing masonry structures to protect them from mildew, fungus, efflorescence, leaching, stains, premature ageing, scaling, spalling and corrosion of reinforced steel.

Manufacturers Association of Nigeria (MAN), Tuesday, declared it hasn’t quit its independent power projects (IPP) for major industrial axises in Lagos, Ogun, and Kano State, respectively.

HIGH profile textile technocrats, economists, bankers, administrators and practitioners from within and outside the country will converge this month in Lagos to explore a fresh path to the revival of Nigeria’s Textile Industry.

THE Federal Government has planned to involve the Civil Society Organisation (CSO) in the assessment and monitoring of the National Economic Empowerment and Development Strategy (NEEDS).

UNIDO’s Industrial Development Board has approved Dr. Kandeh K. Yumkella of Sierra Leone to serve a second term in office as the Director-General of the Organization (UNIDO).