THE managing director of ValuCard Nigeria Plc, Mr. Kyari Bukar, has called on the
Central Bank of Nigeria to enforce strict compliance by all players in card payments industry with the EMV specification and also ensure that all ATM acquirers have no special relationship with any card scheme (card agnostic) if the country’s payments system must meet global best practices.

“Our society is now based on consumption .. 70 per cent of the GDP. This is more than we produce. So to pay our bills, we use funny money invented in 1913 with the creation of the Federal Reserve and the fiat dollar based on credit (debt).. the fractional reserve system. In 1930’s you bought what you could afford.

Mr. Mustafa Younes is the Marketing Director, Zain Nigeria. In this interview he reiterated Zain’s commitment to provide quality services and deliver value for money for the Nigerian consumers.

The On-going 250 year Celebration National Consumer Promo organised by Guinness to reward consumers of its flagship brand, Guinness Foreign Extra Stout (FES) and Guinness Extra Smooth (GES) for being loyal even to celebrate 250 remarkable years of the multiple global award winning brand, berthed in Akure and Aba regions where the draws took place.

This year’s Udiroko Festival kicked off at the palace of the Ewi of Ado-Ekiti, Oba (Dr) Rufus Adejugbe Adeyemo, on Friday, August 28, 2009. The festival, which is being sponsored by MTN for the second year running, is an annual celebration that brings together sons and daughters of the community.

The NLC President, Mr Abdulwaheed Omar, on Wednesday urged the Central Bank of Nigeria (CBN) not to politicise the ongoing reform in the banking sector to achieve its objective.

GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mohammed Sanusi Barkindo said on Tuesday that the country now produces 2.3 million barrels of crude oil per day against the Organization of Petroleum Exporting Country’s (OPEC) figure of about 1.6 barrel per day.

In order to prevent unnecessary margin facilities to the stockbroking firms and future crash of the Nigerian stock market, the relevant government agencies have been advised to pass legislation that will prevent banks from owing brokerage firms.

The bearish trend in the Nigerian capital market continued, Wednesday, as the value of listed equities dipped further by N38.3 billion.

BankPHB Plc has reiterated its commitment to the growth and development of the Nigerian economy, declaring its intention to contribute meaningfully to human capital development and also help in building capacity for the country.