Chevron Nigeria Limited said it has invested about $4 billion (N640 billion) in the Nigerian economy as at the end of 2012.

Leading telecoms operator, Airtel Nigeria has refurbished the Faculty of Education’s auditorium of the University of Lagos, Akoka with top-of-the-range air conditioners as it also commissioned a customer experience centre at the university to cater to the needs of the university community and the Akoka environs.

Access Bank UK Limited, the wholly-owned subsidiary of Access Bank Plc, has declared that its Assets Under Management, AUM, in the private banking and asset management business has increased by over 200 percent to US$18.5 million by the end of 2012.

Nigerian National Petroleum Corporation, NNPC, Monday, said it will acquire the divested assets of International Oil Companies, IOCs, in Nigeria.

A crisis of Integrity and leadership is currently tearing the Institute of Chartered Accountants of Nigeria apart. Members are angry over what they see as deceit and concealment of facts by the ICAN leadership, a body set up to regulate accounting practice in Nigeria.

More than 5.73 million Nigerians have now embraced the mobile banking platform which took off in the country two years ago.

The lack of a robust mortgage financing system in Nigeria has made rate of home ownership in the country one of the lowest in Africa.

THE Director-General, Securities and Exchange Commission, SEC, Ms Arunma Oteh has said that the Nigerian economy will continue to be weak as long term investments in the economy is absent.

The Central Bank of Nigeria (CBN) has said that there would be a constant review of the prescribed minimum capital requirement for Microfinance Banks (MfBs) in the country.

Petroleum Industry, PIB, Lead Team, which put together the proposals contained in the Petroleum Industry Bill, PIB, has clarified certain issues raised by the Chairman, Nigerian Extractive Industries Transparency Initiative, NEITI, Mr. Ledum Mitee, on Friday.

Contributions into the National Housing Fund (NHF) scheme rose to N22 billion in 2012 from N17 billion in 2011, accounting for about 40 per cent of total collections since inception about 21 years ago.

This is obviously not the best of time for the Federal Airports Authority of Nigeria, FAAN. This is because the agency is beset by battles against some of its concessionaires. On one hand, the agency is locked in a war of attrition with Bi-Courtney Aviation Services Limited over the management of the local wing of the Murtala Muhammed Airport in Lagos, which Bi-Courtney management is laying claims, following the Build, Operate and Transfer, BoT, agreement signed between both parties about a decade ago.

To strengthen the financial institutions to enhance stability in the banking system, the Central Banks of Anglophone West African countries namely, Nigeria, Ghana, Liberia, Gambia, Sierra Leone and Guinea, are mapping out new strategies to focus on risk banking supervision, modern techniques needed to tackle the changing structure of banking system and prudent behaviour by financial intermediaries to prevent system collapse now and in the long-run.

Zenith Bank tops Nigerian banks in this year’s Top 1000 World Banks Ranking of The Banker Magazine of the Financial Times Group, London, United Kingdom. The 13 banks that made the ranking are Zenith Bank, First Bank, Guaranty Trust Bank, Access Bank, United Bank for Africa, Ecobank, Fidelity Bank, First City Monument Bank, Skye Bank, Diamond Bank, Stanbic IBTC, Union Bank and Standard Chartered Bank.

Speaker of the House of Representatives, Mr. Aminu Tambuwal has emphasised the need for a budget law that will address the anomalies currently recorded in the budgeting process and also prevent a recurrence of the rancour between the legislature and the executive.