Controversies surrounding the capital base for capital market operators may be put to an end soon as the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) have reached an advanced stage towards working modalities to adopt risk-based regulation for stockbroking firms and other market operators instead of the current system where all operators are required to have the same level of capitalisation.

The Local Content Act of the Federal Government received yet another boost from the financial sector, as First Bank of Nigerian Plc said it has committed well over N500 billion to finance oil and gas projects in Nigeria as part of efforts to enhance local capacity and competitiveness.

The Manufacturing Association of Nigeria, MAN, has charged the federal government to complete the outstanding projects and investments in iron and steel industry as it has the capacity of enlarging the country’s industrial base.

Dajcom Limited, manufacturers of electronic appliances in Nigeria, said the genuine desire to make a substantial impact in the development of the country’s economy has been the driving force behind its innovative products.

The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, says the bank will soon inaugurate a database of all microfinance banks in the country.