The Nigerian Communications Commission (NCC) says it has initiated a fresh bidding round for licences in the 2.3GHz and other frequency bands. In a statement in Lagos on Monday, the commission said that the fresh bid was part of the issues resolved at its board meeting on Aug. 20, 2009 in Abuja.

The Federal Government on Monday directed the newly-inaugurated Management Board of Nitel/Mtel to consumate the privatisation process of the two establishments within 60 days. Vice-President Goodluck Jonathan gave the directive while inaugurating the board at the Presidential Villa, Abuja.“The President has given us unwritten directive that we must conclude the privatisation of Nitel/Mtel in 60 days. “We must do that even if it means not sleeping. It must be concluded.

Niger Insurance Plc has said that its alliance with Afribank is still intact as it has nothing to do with the problem in the banking sector.
Niger Insurance entered into a strategic alliance with Afribank Nigeria Plc for the purpose of creating the biggest financial supermarket.
Mr. Uranta said that the company intended to create and enhance quality products for its clients while using combined branch networks of the bank and the insurer for service delivery.

Managing Director/Chief Executive Equitorial Trust Bank, Mr. Ike Oraekwuotu, will address the quarterly general meeting of the Financial Markets Dealers Association (FMDA) on “Banks and Infrastructure Development: A case for the use of Bonds”.
The bank is also hosting the quarterly general meeting, the first after the association changed its corporate name from the Money Market Association of Nigeria.

TRANSNATIONAL Corporation of Nigeria (Transcorp) Plc has blamed the Federal Government for its inability to meet up with its debt obligation with its bankers.