The Federal Government should not ex-periment with the appointment of a new Director-General of the Securities and Exchange Commission (SEC) by appointing a learner, says a senior capitala market operator.

The Umuchinemere Procredit Micro Finance Bank (UP-MFB) Nigeria Limited, Enugu, in its efforts to empower and improve the well being of the active poor, is set to establish a micro insurance scheme for the rural populace of Enugu
Chairman of the bank, Rev. Obiora Ike, at the commissioning of the bank’s Customer Relations Office (CRO), at Afor-Oghe, in Ezeagu LGA, Enugu State, disclosed that the aim of the insurance policy was to secure the farm produce, livestock, and small business enterprises of the active poor, according to their levels.

The Board of Directors of the African Development Bank (AfDB) Group approved, Wednes-day in Tunis, a $500m investment in the Global Trade Liquidity Program as the second phase of its Trade Finance Initiative.

Standard Chartered has announced its full acquisition of the remaining shareholding in First Africa Group Holdings Limited (“First Africa”), a Leading pan-African Mergers & Acquisitions (“M&A”) advisory firm.

Shareholders of Starcomms Plc, Wednesday, endorsed the proposal by its Board of Directors to establish a management share incentive scheme for the benefit of the employees to spur them for increased productivity.