We believe that in terms of the current industrial policy, there are several good elements that will continue to resonate with the Nigerian private sector because many of them have been discussed at forums like the Nigeria Economic Summit Group, NESG, and so on and so forth. So in terms of the Nigeria Industrial Development Plan, NIRP, I believe the policy is sustainable and it is not likely to suffer policy reversal.

There are indications that banks gained additional liquidity of N470 billion from the harmonisation of Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN). The CRR is the amount of customers deposits that banks are mandated to keep as cash. Prior to last week, the CRR for public sector deposit was 75 percent, while that of private sector deposit was 20 percent.

The Standard Organisation of Nigeria (SON) is seeking N115m to host African Organisation for Standardisation, (ARSO)’s President’s Forum for Chief Executive Officers of National Standards Bodies (NSBs) in Africa billed for Abuja next month. The Director General/Chief Executive, Standard Organisation of Nigeria (SON) and President, ARSO, Dr. Joseph Odumodu, disclosed this at the media launch of the convention logo and information manual as well as partnership drive for the ARSO President’s forum in Lagos recently.

Nigerian Micro finance Platform, under the auspices of AFOS-LAPO Micro finance Bank Project in collaboration with Accion Micro finance Bank, is set to hold its inaugural corporate governance symposium. The symposium scheduled to hold on May 26, 2015 in Lagos, is themed: “The Cost/Consequences of Bad Corporate Governance”

Heritage Bank has moved boost the capacity of women entrepreneurs through a women empowerment programme titled ‘Becoming Financially Fearless’. Organised by the Genevieve Gathering, ‘Becoming Financially Fearless’ is a one day programme, sponsored by Heritage Bank as part of its commitment to women empowerment in Africa with special focus on Nigeria.