Standard Bank, the parent company of Stanbic IBTC. Plc, weekend, strengthened its relationship with China with the signing of a US$1 billion loan facility with four major Chinese banks in Macau,

Leveraging on strategic partnerships with key stakeholders in the power sector, including state governments, banks have committed about $700 million to power projects across the country, with the aim of facilitating the federal government effort to provide stable power supply in the country.

THE Recent parley between Mr. Lamido Sanusi and the House of Representatives Committee on Banking and Currency might have come and gone, but it left a lot of questions unanswered about both parities. That the CBN governor floored the lawmakers in the opinion of some, have reflected how shallow Nigerians understand the tenets of the 1999 constitution.
CHARLES KUMOLU reports.

THE Federal government has said that if the nation’s products were well packaged and made attractive especially to the international community, they will command better pricing through adequate promotion at the appropriate places and markets. Speaking in Abuja at the Stakeholders Forum on improvement of non-oil exports, Minister of Commerce and Industry, Chief Achike Udenwa who noted that the situation was affecting the nation’s economy, called on Standards Organisation of Nigeria(SON), Federal Produce Inspection Service(FPIS), National Agency for Food and Drugs Administration and Control (NAFDAC) as well as other quality control agencies to step up action at educating Nigerian exporters on the urgent need to re-focus on the best standards and qualities that were acceptable in international markets.

This is where I classify the new capital requirement of the CBN. It is the anti-thesis of an entrepreneurial approach. That is why I am certain that X years from now some policy maker will reverse it. The only loser will be the Nigerian economy —Professor Pat Utomi, The Guardian, July 25, 2004.