ORGANISED Labour in the nation’s Financial Sector has accused the Governor of the Central Bank of Nigeria, CBN, Mallam Lamido Sanusi Lamido’s appointed management teams of the eight rescued banks, of reckless management of the banks.

The most onerous economic challenge facing Nigeria at the beginning of the second decade of the 21st century is how to fund the massive infrastructure needs of the nation.

Foreign exchange end-users may pay more naira per dollar in 2011. It all depends mostly on two factors namely the stock of foreign exchange available to the country i.e the level of foreign reserves and how much the three tiers of government spends or decides to spend this year.

Because of it’s extensive coastline and tropical climate, Nigeria has the potential to develop a diversified ecology for a range of commercially viable varieties of fish. The economic appeal behind fishing is tremendous, considering the secondary and tetiary enterprises it can generate.

Notwithstanding the challenges that bedevilled the microfinance bank industry in 2010, microfinance banks’ operators are optimistic that 2011 would be a year filled with better business opportunities as a result of the reforms by the regulatory bodies.

Last week, the Corporate Governance code of the Central Bank of Nigeria (CBN), which limits the tenure of banks ‘directors to 12 years consumed another banking titan, Mr. Oba Otudeko, and three directors of First Bank Nigeria PLC.

The sponsorship of the Calabar Children Carnival by Dangote Group, the company says is borne out of the need to promote the development of the Nigerian child as well as provide them with a means of expressing their creativity, Tony Chiejina, the Group’s spokesman said.

Otunba Ayodeji Osibogun is the Chairman of WTS Nigeria, the broadcast equipment company that won the contract for the migration of NTA from Standard Definition to High Definition. He spoke with newsmen on the OB vans supplied by the company to NTA and other issues.

If you have not known it, know it now, that Nigeria in the closest future will emerge Africa’s berth for robust Advertising market.
Most Ad companies world over may be shying away from the African Advertising market.

The Director General of Consumer Protection Council (CPC) said withdrawal of Government funding from vital areas of production is putting pressure on the private sector in discharge of their social responsibility programmes.

TRADE Union Congress of Nigeria, TUC, has called on President Goodluck Jonathan to immediately revoke the licenses for private refineries of firms that have not utilized their licenses by not building the expected refineries.

In 2011, Bharti Airtel Limited says it has plans to move the transformation of African mobile communications and positively impact the speed of economic development across the African continent.

Investors on the Nigerian Stock Exchange (NSE) last week, rally their investment as the value of listed equities’ represented by the market capitalisation appreciated by N26.14 billion.

The Securities and Exchange Commission (SEC) said it has not approved a new Chief Executive Officer (CEO) for Nigerian Stock Exchange (NSE) as being speculated.

The continued stability of the naira in the face of declining foreign reserves generated apprehension among foreign exchange operators, who faulted the decision of the Central Bank of Nigeria (CBN) to defend the naira at the expense of the reserves. Razia Khan, an Economist with Standard Chartered Bank however thinks differently.