THE freight forwarding sector of the Lagos Chambers of Commerce and Industry (LCCI) has hailed the recent lift on the ban of furniture and other prohibited items, saying that the move will further reduce the cost of locally made furniture.

The Central Bank of Nigeria (CBN) says it is open to options of bail-out for the finance houses subsector.Deputy Director, Other Financial Institutions Department, CBN, Mr. Yemi Bedu stated this at the Quarterly Chief Executive retreat of the Finance House Association of Nigeria (FHAN). Bedu who represented the Director of the Department said that the apex bank is desirous of the progress of the finance houses subsector and is open to suggestions from the Association on how it can help to move the subsector forward.

eTranzact International PLC, a leading mobile and electronic payment company in Nigeria has received approval to launch its Mobile Money solution in Nigeria.

The Nigerian Accounting Standards Board has solicited for the corperation of Financial Regulatory bodies in the country in order to guarantee effective implementation of International Financial Reporting Standards (IFRS) in the country.

As parts of its Corporate Social Responsibility (CSR), Stanbic IBTC Bank Plc and LiveWell Initiative (LWI), a Non_Governmental Organisation (NGO) in the health-care service sector have entered into a strategic partnership to boost productivity in the banking sector, through improved health education.

Driven by losses on the share prices of majority of the major blue chip companies on the Nigerian Stock Exchange (NSE), Tuesday, the value of listed equities, represented by the market capitalisation continued its downward plunge, dropping by N47.09 billion.

The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Bello Adoke (SAN) has commended the efforts of the Director General (DG) of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh at re_organising the Commission and ensuring that operators in the capital market comply with best practices and international standards.

Oceanic Bank International Plc has reiterated its commitment to grow businesses at the micro level of the Nigerian economy.
The Head, Development Finance, Oceanic Bank, Mr. Felix Oyakhamoh said savings deposit for micro financing set aside to finance businesses at the micro level was now about N16.5billion

Nine hundred and Ninety winners emerges from the first draw of the Afribank Savers promo held at the corporate head office of the bank with Odedina Odebola Olugbenga a pensioner and Anna Nicholas a trader from Calabar winning the first set of the two Honda Discussion continues star prizes.

THERE are strong indications that the 153 member Trade Organization will conclude the Doha Round of Negotiations in 2011, just as the World Trade Organization, WTO has assured member countries of a level playing ground.