The Federal Government on Tuesday released 25,000 tonnes of assorted grains from the National Strategic Food Reserve (NSFR) to cushion the effects of high cost of food.

SINCE the controversial sacking of the management of five of the nation’s top banks by the Central Bank of Nigeria (CBN) over alleged professional misconduct, a lot has been happening in the banking sector.

As the debate on whether or not the 6,000Mw target set by the Federal overnment will be a reality with less than four months to go rages, with some saying it is possible and others saying it is impossible based on what is currently on ground, the Managing Director/Chief Executive Officer, PSC Industries Ltd., Dr. Patrick Owelle has thrown a challenge to the Federal Government saying if indeed the 6,000Mw target must be met by December 2009, then government must adopt a new approach to power generation and depart from the traditional method that has not served the nation over the years. As he puts it: “It is absolutely possible if government embraces solar energy.”

The Fisheries Society of Nigeria (FISON) has called on the Federal Government to curb increasing piracy in the country’’s territorial waters to encourage the growth of the fishing industry.FISON’’s National President, Mrs Foluke Areola on Tuesday in Lagos that the sector experienced over300 piracy attacks in the last one year. She said that some of the incidents were not reported.“Government needs to undertake a comprehensive and effective monitoring, control and surveillance of fishing activities in Nigeria’’s territorial waters,””

Following the persistent decline of the value of the naira against major international currencies, an expert in economic matters, Dr. Mashhud Fashola has called on Nigerians to institute legal actions against the Central Bank of Nigeria (CBN) for failing in its duty to ensure stability of the country’s currency and also for its failure to adequately manage inflation.