The Asset Management Corporation was set up to take over the bad debts of banks but not to create new bad loans or encourage debtors with capacity to pay to default on their debt

The International Monetary Fund last week said that the naira is currently over valued. Immediately, the CBN Governor, Sanusi Lamido Sanusi reacted and criticised calls from the IMF for greater exchange rate flexibility, saying he did not believe the naira exchange rate to dollar was overvalued and that the advice was based on flawed logic

Mr. Isaac Orolugbagbe, a graduate of Chemistry from the University of Ife (now OAU) and a Master’s in Business Leadership (MBL) from the University of South Africa,, is a public speaker on Business Leadership & Strategy, leading sessions on Business Strategy on a part-time basis at the Lagos Business School of the Pan-African University

I read with disgust an article published in the Vanguard newspaper of February 20, 2011 authored by one Les Leba entitled ‘Aganga vs Soludo: The pot and the kettle’. I have never responded to any newspaper article but after reading this one, I felt I must write.

Following the maturity of the 14.50 per cent, 3rd FGN Bond 2011 Series 3, the Nigerian Stock Exchange (NSE) announced last week that it has de_listed it from the market

Lagos State Government has commenced process of sealing –off properties without title documents as a way of eliminating unwholesome housing development and thus boost the status of the state as an African modern mega city

First City Monument Bank (FCMB) PLC, has announced the appointment of Olufemi Bakre as the new Executive Director responsible for Institutional Banking Division, of the bank

As Nigeria drifts to a cashless society, so companies and agencies are shifting their services to tally with the realities of the moment. Their products and services will not only follow trends in the market, but has to cling to some marketing communication materials to reach its target

Ernst & Young, a professionally run auditing and accounting firm for both quoted and unquoted companies is poised to strengthen its African integration, as its Area Managing Partner for Europe, Middle East, India & Africa, Mark Otty visits Nigeria

On Wednesday, Bank of Nigeria (CBN) released the External Sector report for the third quarter of 2010, which shows that the country’s current account fell by 62 per cent in the third quarter of last year due to huge import bill and decline in exports

Managing Director/CEO of Continental Transfert Technique Limited (CONTEC), Dr. Benoy Berry, has emerged winner of the maiden Outstanding Achievement in Technology Award of the Nigeria Association of Science Journalists

WHEN the Central Bank of Nigeria, CBN, late last, year announced the revocation of operating licences of some 224 microfinance banks (MFBs) in the country as part of its statutory functions of regulating the banking industry, one of the names that featured was the Eagle Flight Microfinance Bank. There was panic in the sector as there was stampede in the industry as customers fell on one another trying to recoup their deposits

To further arouse the consciousness and interest in mathematics among secondary school students in Nigeria, Promasidor Nigeria Limited, Cowbell milk owner, said registration is on for the 2011 edition of the yearly Cowbell National Secondary Schools Mathematics Competition (NASSMAC).

Trust in promotional activities has begun to return in the sub-sector of the Marketing economy, reasons, consumers have begun to earn organisers confidence, particularly now that promotions are strictly monitored by regulating and controlling authorities.

The Islamic Republic of Iran has revealed plans to construct 30, 000 housing units in the Federal Capital Territory (FCT) and other parts of the country to reduce the problem of accommodation in the country