THE National Association of Nigerian Traders (NANTS) has said that if the Federal government must achieve the set goal of becoming one of the top twenty economies of the world, there was the urgent need for resources to be channelled into the development of small scale industries in Nigeria.

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.