MINISTER of Mines and Steel Development, Mr. Musa Sada, said about 500 million metric tonnes of the nation’s iron ore is quoted on the Australian Stock Exchange, ASE, according to a data recently released.

Dear Investors Forum, thank you so much for championing my struggle to have DataMax Registrars pay my controverted GTB dividend. Your publication of my case in the Vanguard edition of Tuesday, Sept. 17 woke them up from their reverie of false sense of victory over me. After a flurry of telephone calls following the publication, DataMax finally admitted their crime or offence or error and lodged my money on Friday last week. Yes! Vanguard’s ink of altruism has proven mightier than DataMax’s sleight of the accounting pen! I can truly, deeply appreciate you for I am in the news media myself; I work for a private TV station in Anambra State. I can’t thank you enough, my brethren, our print media ambassadors. God bless u all. -UDENTA CHRIS C.

I think it will bring about more investments. This is a civilized country, and we need to enlighten people. Even SEC has told us that it needs so many shareholders’ associations; that the ones in existence are not enough. With the international Growth Fund it has acquired, we only pray that it would be used for the purpose it is meant for, which is for the development of the capital market. It will not make sense if they keep acquiring fund and we don’t seeing the benefits of the fund.

In keeping with its vision to become the most loved brand in the daily lives of Nigerians, leading Telecommunications Service Provider, Airtel Nigeria has launched a new consumer promo to reward existing and prospective customers.

Nigeria crude output dropped by an additional 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, shut down a section of its Trans Niger Pipeline, TNP, due to a fire outbreak along the pipeline’s right of way.

Mixed reactions have continued to trail the performance of the Nigerian economy at 53 years after independence, as stakeholders across the various sectors differ in their opinions. Some said the economy has fared well considering the growth in some key performance indicators while others argued that it has not done well in some sectors given the slow pace of development.

FBN Capital Limited has declared that Nigerian banks cannot fund the $8 billion yearly power needs alone and thus called for the support of institutional and foreign investors to fund the huge resources needed to drive various ongoing infrastructure projects, for the next 10 years.

I am going to do the usual quick tour of the world economy. I am going to start with the U.S. In the U.S., private demand continues to be strong. On the assumption that fiscal accidents are avoided, which is the underlying assumption of our forecast, recovery should strengthen. Growth will be higher next year than it is this year. It is, therefore, time to make plans for exit from both quantitative easing and zero policy rates, although it is not time yet to implement these plans.

The Pension Reform Act (PRA) was introduced to solve a critical problem, but has done more than that. The PRA Act of 2004, was enacted to introduce the Contributory Pension System (CPS) which was designed to correct the shortcomings of the Define Benefits Scheme (DBS).

The challenge of determining the right price for new issues has been identified as the major factor hindering companies from raising fresh capital through Initial Public Offerings (IPOs) or public offers.

World Bank Group President, Jim Yong Kim, in Washington at the ongoing IMF/World Bank Group annual general meetings announced that the World Bank has set an interim target to reduce global poverty to 9 percent in 2020, which, if achieved, would mark the first time the rate has fallen into the single digit.

In line with the abolition of branches and cash centres for Unit Microfinance Banks (MfBs), the National Association of Microfinance Bank (NAMB) is awaiting the approval of recommendations of a committee set up on the matter.
Recall that the revised policy framework for Unit Microfinance banks, stipulates that it operate in one location and prohibited from having branches/cash centres.

There are many differing views on what makes someone an entrepreneur and what an entrepreneurial venture is. The term itself is believed to have originated from French, coined by a French economist, Jean-Baptiste Say, in about 1800, who defined an entrepreneur as “one who undertakes an enterprise , especially a contractor, acting as intermediary between capital and labour”. But it was first defined in English by the Irish economist Richard Cantillon, as” a term applied to the type of personality who is willing to take upon herself or himself a new venture or enterprise and accepts full responsibility for the outcome”. The definition of entrepreneur is not limited, as various writers and world renowned entrepreneurs have given it various meanings.

For years, the vegetable oil market was flooded with substandard and adulterated edible oil which for long had been consumed by unsuspecting consumers who unaware of the side effects, such as: obesity, hypertension, heart disease, cancer etc.

“I don’t know about you, but as a consumer, I often feel as if I’m being punished.” J. D. Power III, founder of J. D. Power and Associates, wrote those words in his foreword to the book, Satisfaction.

Customer punishment sounds like an oxymoron. It is antithetical to customer satisfaction, customer service, customer focus, customer delight and customer experience – concepts that are familiar mantras in the lexicon of relationship marketing and management. There’s even “customer astonishment” à la Darby Checketts, author and speaker. But customer punishment? Let’s explore this further.