The Federal Government has commenced the implementation of the Backward Integration Policy (BIP) in the sugar industry with the approval of the plans and projects by three sugar refineries in Nigeria.

As part of efforts to increase its presence in key sectors of the economy, UAC of Nigeria Plc, Tuesday, said that it has completed the acquisition of 51 percent equity stake in Portland Paints and Products Plc.

A three-year partnership worth $47 million has been announced by the Alliance for a Green Revolution in Africa (AGRA) and United States Agency for International Development, USAID, to accelerate smallholder farmers’ access to transformative agricultural technologies.

THE Securities and Exchange Commission, SEC, is on the verge of developing a whistle blowing mechanism that would further guarantee investors’ confidence in the capital market.

The River Benue has its origins in the Adamawa Plateau of Northern Cameroon. The Lagdo Dam, a 40m high dam, has been built across the river about 50km upstream of Garoua, a major town on the river in Northern Cameroon. The water releases from this dam has continued to create floods in Cameroon and in Nigeria over the years and the resulting devastation reached all the way to the Niger Delta in Nigeria during 2012. Two major tributaries, River Mayo Kebi and River Faro, join the Benue in Northern Cameroon downstream of the Lagdo Dam.

Shell Petroleum Development Company of Nigeria Limited, SPDC, operated Joint Venture, Tuesday, raised an alarm over the rising cases of sabotage on its facilities, saying that it recorded eight incidences of vandalisation on its pipelines at the Adibawa field in Eastern Niger Delta which led to the spilling of about 500 barrels of oil into the environment.

Industrial and Commercial Bank of China (ICBC) has leapfrogged two U.S. banks to top the 2013 global ranking of banks with the most capital, highlighting the growing size and importance of Chinese lenders. ICBC topped The Banker magazine’s annual list of the top 1,000 banks for the first time, relegating Bank of America to third from first, while JPMorgan Chase remained second. ICBC was third last year.

Former President Olusegun Obasanjo has called on African leaders to attract more youths and women into agriculture to increase food production

The Nigerian Institute of Management, NIM,has stated that the country’s economic, infrastructural and ethical revolution is being threatened by the current leadership challenges plaguing the country.

Investment is generally challenging and risky. This is more so for beginners with little or no knowledge and expertise when it comes to what to invest in and how to invest. This challenge has kept a lot of people from investing. It has also caused others huge loses.

CROSS River State has in addition to being the preferred tourism destination also become the preferred investment hub in Nigeria with Private investment portfolio currently in excess of 2 billion dollars which have generated employment for hundreds of people in the state, Mr. Gerald Ada, the Special Adviser to Senator Liyel Imoke on Investment Promotion Bureau has said.

Among the stocks that enjoyedinvestors’ patronage last week to emerge in the top ten performing list were Champion Breweries, May & Baker, Presco Plc, Wema Bank, HIS Plc and DN Meyer plc.

Managing Director/CEO,Keystone Bank Plc, has moved for the removal of Nigeria from the list of Non Co-operative Countries (NCCTs) with regard to anti-money laundering compliance.

False reports and errors in financial statements are global problem and they contributed to the global melt down of the capital market. That is why the International Financial Reporting Standards (IFRS) was initiated to stem the tide of such negative reports in the system.

Please I want to commend you for the good work you are doing. I bought shares from former Intercontinental Bank now Access Bank, in 2006 at Aba, Abia State. Sir, I presently work in Abuja and have mailed them concerning my change of address since 2009. Before that time I received my dividend twice, in 2007 and 2008. But up till now I have not received any communication concerning my shares. Please advice my on what to do. (Jane Ego)