RECENTLY, the Nigerian Institute of Welding (NIW) paid a courtesy call to Vanguard.

Customs Area Controller, Murtala Muhammed International Airport Command of Nigeria Custom Service (MMAC), Mr. Michael Adedeji Adewole, has disclosed that the custom service generated about N16billion in the first six months of the year into the federation account stressing that its target is to make about N42billion by the end of 2011.

In a bid to fashion out a way of providing housing finance that would make low cost houses available to low income earners in the country, the Federal Ministry of Lands, Housing and Urban Development has initiated a discussion with the Central Bank of Nigeria (CBN) and other relevant stakeholders.

Investors’ interest in Federal Government of Nigeria’s, FGN, Bonds declined last week, as the volume and value of bonds traded in the Over-the-Counter, OTC, market both dipped by 3.54 per cent and 4.29 per cent respectively.

Suru Worldwide Ventures Limited, a Lagos-based hotel and property development firm, at the weekend denied claims by Oceanic Bank International that a staff of the company, appointed project manager, authorised withdrawals from the company’s account to pay for services rendered by contractors.

The naira depreciated by 18 kobo, Monday, at the official market in spite of 19 per cent decline in demand for foreign exchange.

Ahead of the Central Bank of Nigeria’s, CBN, September 31 deadline for the recapitalisation of rescued banks, Oceanic Bank International Plc, yesterday, announced that it has entered into Transaction Implementation Agreement, TIA, with Ecobank Transactional Incorporated, ETI. The merged entity may eventually become third largest bank in the country.

“The jobs crisis is hitting the young especially hard. And what should have been a brief employment crisis is turning to a life sentence, possibly for a whole lost generation”

Only about three per cent to four per cent of Nigerians invested in the Capital Market, Ms Arunma Oteh, Director General, Securities and Exchange Commission (SEC) said.

THERE is anger among the Ndokwa, Isoko, Ijaw, Urhobo and Itsekiri peoples in Delta State against Shell Petroleum Development Company, SDPC, over recent sales of onshore blocs – Oil Mining Leases, (OML) 30, 34, 40, 42 with reserves of two billion barrels, by the Anglo-Dutch oil conglomerate.