BANKS’ deposits rose marginally by N5.33 billion in January thus reversing negative trend recorded in December. However, the naira depreciated to its lowest level in the parallel market last week with the exchange rate rising to N506 per dollar in the market.

Despite the challenges in the macro environment, businesses are increasing investments in mechanized farming and other activities in the agric value chain, such as processing, storage, packaging, delivery and logistics. As a result, there has also been a surge in investment interest by both foreign investors and investment fund managers.

THE Federal Government is to pursue implemetation of a 59-point strategy to achieve the objectives of its Economic Recovery Growth Plan that will be launched in the next few weeks.

If you were in service before April 2007, there is a certain aspect of your entitlement that ought to be paid up by government which is called accrued right. This commission ensures that the accrued right is credited into the Retirement Savings Account, RSA of the individual. In Lagos State today, we have two sets of retirees but we have been able to separate them.

The cashless policy initiative is evolving and work in progress and as such yet to address all of the mass market needs in the market. Also cash still remains the primary and preferred means of transacting in mass to lower affluent segments of the market.