Sterling Bank Plc has posted a 96 per cent growth in profitability to N3.02 billion in the first quarter of 2013 thus consolidating its growth performance in the operating year ended 2012.

Victor Ogiemwonyi is the Managing Director,Partnership Investment Plc and a council member of the Nigerian Stock Exchange, NSE. In this interview with Financial Vanguard, he gave insight into some of the recent initiatives undertaken by the NSE since assumption of office by the substantive CEO, Mr. Oscar Onyema. He said that companies will start issuing initial public offers, IPOs, once they are certain that confidence has fully returned, and the market will support the issues. EXCERPTS:

Following continued complaints by organised private sector, OPS, over the effect of multiple taxations on manufacturing in the country, the federal and state governments have commenced moves towards addressing the problem by setting up a committee to look into the complaints.

Participants at the just concluded 3rd ASO Housing Exhibition and Conference held in Abuja have recommended action plans that can facilitate the development of affordable mass housing in Nigeria.

The January 1, 2013 take-off of the Nigerian advertising industry reform embarked upon by the Advertising Practitioners Council of Nigeria (APCON), regulators of the advertising industry is a step at the right time.