Skye Bank Group has recorded a profit-before-tax of N4.3 billion for the first quarter ended March 31, 2011 representing an increase of 33 per cent over the N3.2 billion achieved during the corresponding period in 2010.

Trading on the Nigerian Stock Exchange last week opened for four days, as Monday was declared public holiday to commemorate worker day.

A foremost estate surveyor in Nigeria and the first General Manager of the Federal Housing Authority (FHA), Mr. Fortune Ebie, has called on the various tiers of government, particularly federal and state governments, to give all necessary incentives to property developers to facilitate provision of mass housing in the country.

Property – the physical residence being financed. The exact form of ownership will vary from country to country, and may restrict the types of lending that are possible.

The Commerce and Industry Correspondents Association of Nigeria (CICAN), said it is set to honour the Olofa of Ofa, Oba Mohammed Gbadamosi; and Chief Executive Officer (CEO), Premier Lottery, Chief Adebutu Keshington, at their forthcoming Crystal Award Nite on Friday.

Lack of commitment by professionals in the construction sector may frustrate the take-off of the proposed Construction Development Bank (CDB).

Fidelity Bank Plc has declared a N8.6 billion Profit-Before-Tax (PBT) in the financial year ended December 31, 2010 representing an increase of 321 per cent on the N2 billion achieved for the six months of financial year ended December 31, 2009.

Unfavourable market dynamics have forced property developers at the upper segment of the housing market to embark on price reduction, a development which analysts have attributed to waning demand and falling prices.

Nigerian industrialists, sole proprietors and businessmen have been advised that unless they set their business on a path to growth, there may be no way out but down. These were the submissions of two experts, Engr. Peju Adebanjo, Managing Director

South Africa wants to increase the number of foreign tourist arrivals into the country to 15 million by 2020, up from its seven million figure in 2009, President Jacob Zuma said. Zuma spoke at the signing ceremony to mark South Africa’s entry into the UN World Tourism Organisation’s Golden Book’in Cape Town.

The ticketing counters in most airlines reflect the high usage of cash in Nigeria. In addition to the airline staff that issue tickets, there are also about two banks’ staff, collecting cash on behalf of the airline. Consequently, passengers have to go through two points. They first pay through the bank staff for the ticket, collect the teller, and then proceed to the airline staff to collect the ticket. Hence, passengers spend additional time on queues just to buy flight tickets

The Global Environment Facility(GEF) and the government of Cuba are set to implement a four-year (2011-2015) energy efficiency project in Nigeria.

The Nigerian economy will change if there can be an effective and efficient implementation of its planned policies, says the World Bank.

The Nigerian Institute of Management is canvassing for laws that will protect the nation’s foreign reserves from recurrence of depletion.

The Central Bank of Nigeria (CBN) isto license independent firms to roll out Point of Sale (PoS) terminals across the country, in a bid to ensure effective implementation of the limits on cash transactions.