The new Director General of NIMASA, Mr. Patrick .Z. Akpobolokeni, recently spoke with a group of maritime journalists were he spoke on several issues ranging from the Cabotage regime, Coast guard, CVFF and a lot more. Godfrey BIvbere reports.

Four of the nine banks rescued in a $4 billion bailout two years ago are expected to sign agreements with new investors over recapitalisation this month, Central Bank Governor Lamido Sanusi said, Wednesday

Nigeria’s growing profile as the financial hub of West Africa will be further bolstered as Deutsche Bank, a leading global investment bank with a strong private clients franchise, is set to host over 300 financial analysts, bankers and investors at its annual banking workshop in Lagos.

Anti-Smuggling Team of the Nigeria Customs Services has recorded N347.2 million seizures in the South-south, Southeast in its December 2010 operations.

The Nigeria Export Processing Zone Authority, NEPZA, has petitions the Comptroller General of the Nigeria Customs Service, NCS, Alhaji Abdullahi Dikko, urging him to intervene in the persistent actions of the Controller in charge of Lilypond Customs command in respect of the operations of the Free zone and Lekki Free zone in particular.

The Central Bank of Nigeria (CBN) has released a list of reference codes for online renditions of returns for microfinance banks (MFBs).
The CBN, in a release on its website on Monday, said that the move followed the conclusion of the workshop on “On-line rendition of returns to the CBN by MFBs” held on November 1, 2010.

Developed countries have been admonished to promote investments in African countries rather than providing Aids for the continent.
President , Dangote Group, Alhaji Aliko Dangote, said investment is the only way the continent can achieve real growth and development.

Shareholders of Geo-Fluids Plc have been promised of better returns in the years’ ahead, as the company’s second quarter 2010 financial looks promising.

Investors in the stock market have continued to increase their demand for the shares of banks as volume of shares traded in the banking sector on Tuesday surpassed other sub-sectors on the sectorial analysis.

The Bureau of Public Enterprises (BPE) says it is encouraged by strong interest shown by investors on the proposed sale of electricity distribution companies and power stations in Nigeria.