A substantive Director General of the Nigerian Stock Exchange (NSE) is expected to emerge by January 2010 barring any unforseen circumstances. Mr. Emmanuel Ikhazoboh, the Interim Head of the Nigerian Stock Exchange today told Business Morning in an exclusive interview that a new Director General of the NSE is expected to emerge later in December but will formally take office in January 2011.

The Federal Government has praised the Dangote Group for its firm belief in Nigeria as demonstrated by the massive investments that it has made in the country over the years.

Withthe commencement of the new banking model last week, banks have started reviewing the business strategies with a view to determine the right approach to adopt in complying with the requirement of the new model.

How has the present reform in the banking and other sector of the economy affected your company?
The reforms have really affected us adversely, it was worse enough that we had the economic meltdown which our own economists and policy makers earlier said would not affect Nigerian economy but we know the truth of the matter that the whole world has become a global village and we know that its after effect is now manifesting.

The Federal Government has reiterated its readiness to enter into partnership with private investors on housing development in Nigeria.
Minister of Lands Housing and Urban Development, Mr. Nduese Essien, noted that as soon as the ministry was carved out of the then ministry of works and housing by President Goodluck Jonathan, in recognition of the importance of housing to the nation’s economic development, a template for effective delivery of mass housing was created, with full involvement of the private sector.

Lafarge Cement WAPCO Nigeria Plc, has announced the launch of a new product, Elephant Supaset Cement.
Managing Director and Chief Executive Officer of the company, Mr. Samy Abdelkader, said at the launch of the product in Lagos, that Elephant Supaset Cement represents a Portland cement specially formulated as fast setting cement that meets the needs of the block making and precast segment of the construction industry with unique features.

The Federal Government has reiterated its readiness to enter into partnership with private investors on housing development in Nigeria.
Minister of Lands Housing and Urban Development, Mr. Nduese Essien, noted that as soon as the ministry was carved out of the then ministry of works and housing by President Goodluck Jonathan, in recognition of the importance of housing to the nation’s economic development, a template for effective delivery of mass housing was created, with full involvement of the private sector.

A bill for an act to establish the unclaimed dividends and abandoned property Trust Fund charged with the responsibility for identifying and maintaining database of unclaimed dividends, abandoned property and investments in banks, financial institutions and public companies in Nigeria and for related matters, 2010

For some months now, there has been uncertainty once again in the country and at the Bureau for Public Enterprise, BPE, over the sale ofNigeria Telecommunications Limited, NITEL.

Two new non-executive directors have been appointed into the board of First City Monument Bank Plc (FCMB). They are Mustapha I. Damcida who is to serve as an alternate Director to Alhaji IM Damcida and Mr. Olusegun Adedeji Odubogun.

Nigeria will not hold a major oil licensing round until wide-ranging reforms to Africa’s largest oil and gas industry are passed into law, an aid to the country’s president said on Thursday.

The Management of Golden Tulip hotels said plans have been concluded to commission another branch in Enugu, as it gets the commendation of Lagos Chamber of Commerce and Industry (LCCI) for being the official LITF Hotel.2010

For investors, Africa is an exciting place to be. I am glad that many of you are already there. The continent has tremendous investment opportunities given its natural and human resource abundance.

PZ Cussons PLC, has unveiled its new range of baby products to the public during Indulge Nigeria Ltd.; ‘Wellness Award’ ceremony in Lagos.

Turkish Airlines 2010 consolidated financial statements were reported to Istanbul Stock Exchange with sales revenue increased by 39 percent to $5 billion.