Mr. Valentine Obi, MD/ CEO eTranzact.recently had an interactive session with journalist where he explained what the company is doing in the area of e-banking. Below are excerpts

Nigerians are enraged over the huge salaries and pecks being paid to members of the National Assembly and other political office holders that has shown they are not in political offer to serve the nation but to milk it dry.

Because of Nigeria’s strategic location and the abundance of its natural resources, infrastructure development in the country has Pan_African relevance. The human capital of 150 million that makes Nigeria the most populous African nation is a workforce of uncharted economical potential.

Additional five customers of Access Bank have emerged winners of the brand new 407 Peugeot cars in the on_going Access ‘Take the Lead’ promo through a live draw organised to reward holders of Access Bank’s “Access Advantage accounts”.

The Nigerian Stock Exchange (NSE) has announced that Senator Ganiyu Solomon, Chairman, Senate Committee on Capital Market, will on Monday flag off the extension of its trading hours on the Lagos floor of the Exchange.

Diamond Bank Plc, a quoted entity on the Nigerian Exchange (NSE) has stated its readiness to continuously contribute to the growth of the economy by empowering entrepreneurs and other Small Scale Enterprise (SMEs) in the country.

Investment value on the Nigerian Stock Exchange (NSE) continued on an impressive note last week, as equities value represented by the market capitalisation appreciated by N65.86 billion.

Criticisms have continued to trail the recruitment process for the appointment of a substantive Director General of the Nigerian Stock Exchange (NSE), with concerns about the possibility of concluding the exercise as promised.

The International Commercial Terms (Incoterms) will help the federal government to reposition its strategies to attract foreign direct investment into the country, said Industry Minister, Chief Kola Jamodu.

The Central Bank of Nigeria, CBN, sold $1.58 billion foreign exchange in November while demand fell by 26 per cent. Cost of funds in the interbank money market was however relatively stable in November, in sharp contrast to the volatility and sharp increase recorded in October.

As Nigeria’s huge unbanked population steadily migrates to the formal banking system, Stanbic IBTC Bank Plc, a member of the Standard Bank Group, has restated that it will continue to offer new and innovative products and solutions aimed at meeting the demands of the various segments of the market.

Income on Retired Savings Account, RSA, of employees under the contributory pension scheme rose by 280 per cent to N61 billion income in 2009, says Pension Commission 2009 report.

Institute of Chartered Accountants of Nigeria, ICAN, has said there is need to strenghten shareholders’ groups to make them more intellectually active.

Barr Jimoh Ibrahim has said that insurance industry’s major problem in Nigeria is lack of public sector patronage rather than low capital base of insurance companies. This is against the backdrop of the N20billion capital base for insurance companies suggested by Imo State Governor, Dr. Ikedi Ohakim.

After 10 years of planning and deliberations by the Nigerian Insurers Association (NIA) on its vision to set up a Customer Complaint Bureau for the industry’s policyholders, Justice George Adesola Oguntade, a retired Judge of the Supreme Court has been appointed to chair the bureau.