In its efforts to encourage saving habits especially from the under-banked and unbanked segments of the people, Oceanic Bank International Plc rewarded 219 micro business customers with various gifts
to boost their operations following the completion of the Bank’s “Be Ya Own Oga” promo.

Following the impressive financial results released by some companies and banks on the Nigerian Stock Exchange (NSE), last week, the value of listed equities, represented by the market capitalisation, appreciated by N154.85 billion.

The rising trend of interbank interest rate following the increase in monetary policy rate was halted by the inflow of N114 public sector fund in the latter part of the week.

Confronted with a choice between high interest rate and high inflation, Nigerians prefer higher interest rates, according to a consumer survey conducted by the Central Bank of Nigeria.

THE Management of National Directorate of Employment, NDE, has announced the appointment of nine new directors, to bring the number of its directors to 14.

Dr Anthony Anuforom, the Director-General of Nigerian Meteorological Agency (NIMET) has underscored the relevance of information on climate to the attainment of Nigeria’s Vision 20: 2020.

Unless urgent steps are taken by the relevant authorities, the ports may soon be shut down by the leadership of the various freight forwarding groups to protest illegal charges on importers by shipping company agents and their support by the management of the Nigerian Ports Authority (NPA).

The spread between deposit rate and lending rate has remained high at 20.14 per cent as maximum lending rate as at December 2010 was 21.84 while average deposit rate stood at 1.95 per cent.

In a renewed bid to re-position Ekiti State. The state government under the leadership of Dr. Kayode Fayemi, has embarked on destination branding to make the state an investors delight Princewill Ekwujuru reports.

Multichoice Nigeria, owner of the Digital Satellite Television (DSTV), said subscription fee across some bouguet on it’s platform will increase with effect from April 1st, 2011.

Imagine how it would feel to eat, sleep, do daily chore, work or study on a dump site. This is exactly how thousands of residents of Dustbin Estate have been living for years now.

Alhaji Usman A. Danmalam is the Managing Director/Chief Executive Officer of Middle East Energy Limited, an oil services and haulage outfit with headquarters in Kaduna, Nigeria.

In its bid to eradicate poverty and financially empower Lagosians, the Chairman of Lagos State Microfinance Institution (LASMI), Bashorun Alabi-Macfoy, has said the Institute is willing to partner with financially capable microfinance banks, MFBs, that have good assets and customer base to achieve total self empowerment of the poor.

The most convoluted and perhaps most abused phrases in our financial and banking circles today are “Stress Test” and “Risk Assessment.”

The Lagos State Governor, Mr. Babatunde Fashola, has vowed to deliver affordable housing to Lagosians using a mortgage system that will ensure gradual payment if elected for a second term in office.