The Federal Road Safety Corps (FRSC) in Umuahia, Abia State in collaboration with ExxonMobil has commenced a month long safety awareness campaign for drivers and commuters in the state.

Following consultations with its shareholders and relevant regulatory bodies, GlaxoSmithKline Plc and GlaxoSmithKline Consumer Nigeria PLC recently announced that they have agreed that the scheme of arrangement proposed to GSK Nigeria’s shareholders under which it was proposed that GSK would increase its indirect ownership in GSK Nigeria to 75%, has been withdrawn. Subsequently, GSK Nigeria suspended the proposed scheme of arrangement, at the meeting of its shareholders held on Tuesday July 23, 2013 at the Muson centre, Onikan Lagos.

Nigeria earned about N305.1billion within the first three months of 2013, figures obtained from the National Bureau of Statistics indicate.

Mr Ojo Molade, Chairman, Fadama Community Association (FCA) in Ijagba, Ondo State, has decried the scarcity of palm fruits used in producing palm oil.

Industry stakeholders have called for synchronisation of monetary, fiscal and trade policies that will make the manufacturing sector to really operate at its full capacity and contribute positively to the economic development of the country.

The Nigerian Sovereign Investment Authority, NSIA, yesterday, signed a Memorandum of Understanding with the International Finance Corporation, IFC, a member of the World Bank Group, to develop, finance, and implement infrastructure projects.

PORT and Cargo Handling Services has decried the continuous blockade of the port access road, warning that if urgent measures were not taken, it could lead to port congestion.

THERE are indications that Nigeria does not have accurate report on the number of port facilities that currently exit in the country.

The Central Bank of Nigeria (CBN) has cautioned banks over appointment of chief compliance officers. In a circular titled, “Statues of Chief Compliance Officers of Banks”, the apex bank frowned at the practice where banks refuse to appoint substantive chief compliance officers.

Dr. Ahmed Adekunle, is currently the Special Assistant to the Minister of Agriculture, Dr. Adesina Akinwumi, on mechanization. He also doubles as the Mechanization team leader of the Agriculture Transformation Agenda team as well as the chairman Advisory Ministerial Committee.

Federal Government has reiterated its commitment towards the implementation of ISO 26000 as Standard Organisation of Nigeria launches guidance standard on Social Responsibility practices in the country.

Diamond Bank Plc has partnered with the Rivers State government on wealth creation and poverty reduction summit 2013 with the theme “Developing an Effective Comprehensive Framework for Wealth Creation and Poverty Reduction in Rivers State.”

Heritage Bank has offered funding support to small and medium enterprises at concessionary interest rate.

About 81 per cent or 130 million Nigerians, out of the about 160 million Nigerians, generated their own electricity through alternative sources to compensate for irregular power supply, according to the result of a series of Power Sector Polls conducted by NOI Polls Limited for the second quarter of 2013.

…blames fake Naira notes in ATM on banks
The Central Bank of Nigeria, yesterday, further reduced the amount of money in the economy by directing banks to keep 50 per cent of public sector deposits as Cash Reserve Requirement, CRR.