A former bank chief executive, Mr. Jim Ovia, has deplored the meager contribution of the real estate sector to the Nigerian economy in spite of its huge potentials.

Recounting their trials and persecutions in the cause of their role as intermediary, insurance brokers in the country said they have been able to survive the test of times over the years and still bouncing against all odds and criticisms.
Dr Teslim Sanusi, President of Nigerian Council of Insurance Brokers said the Council had made significant progress and had been able to survive against all odds.

African Airlines Association, AFRAA, is going out of the ordinary in conduct of its annual general meeting, AGM, for 2010, by extending invitations to key players in the aviation sector in Africa.

The first phase of the implementation of the Vision 20:2020 will cost N32 trillion with private sector to contribute N13 trillion through investment.

The revocation of the operating licenses of 224 Microfinance Banks (MFBs) on September, 24th 2010, by the CBN, and their consequent takeover by the NDIC, was long expected and overdue. Most Nigerians who have been victims of these banks feel that a reprieve has come after all, and that it is time to really say enough is enough.

A total of 288,345 properties were lost to foreclosure in the July_September quarter, according to data released over the weekend by RealtyTrac Inc., a foreclosure listing service. That’s up from nearly 270,000 in the second quarter, the previous high point in the firm’s records dating back to 2005.

As Cecilia Ibru goes to prison for bank fraud as a result of her plea bargain, the Economic and Financial Crime Commission (EFCC) prosecutors have shown that they can score victory in the prosecution of those who basically loot financial institutions. It provides an initial victory for the Lamido Sanusi led Central Bank of Nigeria (CBN), who had waged a relentless battle on the financial institutions’ managers overbearing conducts.

Chairman of Lafarge WAPCO Nigeria Plc, Chief Olusegun Osunkeye has disclosed that shareholders and in deed all stakeholders have benefitted from Lafarge WAPCO operations for the fifty years of its existence in Nigeria.

The President of the Nigeria Farmers Association and ex-governor of Nassarawa State, Alh. Abdullahi Adamu, has accused Deposit Money Banks in Nigeria of frustrating the federal government N200 billion loans scheme meant to rejuvenate agriculture in the country.

In the past, men were supposed to go out and make money for the upkeep of the family and the woman’s job was to keep house.

The failure of the housing policies of successive governments in Nigeria to effectively address the chronic shortage of affordable housing in the country has been attributed to the culture of cash and carry financing in the real estate industry.

If there is one thing so many see today as a means of relaxation, it is football and it has actually turned out to be the easiest means of uniting people from different locality, region and even country as the case may be.

Generally referred to as the Grandmaster for his pioneering role in the financial sector, Otunba Subomi Balogun, Chairman of the First City Group, is reputed with the establishment of the first indigenous stock broking firm, issuing house and investment bank in Nigeria. In this media chat, he reflected on how he moved from law into banking, and how he arrived at his succession plan. Excerpts.

In what is an unprecedented error by any regulatory body of its caliber, the Central Bank of Nigeria (CBN) has admitted that there were mistakes in the recent revocation of the operating licenses of 224 microfinance banks (MFBs).

Having improved the professional ethics, eliminating quacks and increasing the coffers of the Nigerian Institute of Estate Surveyors and Valuers (NIESV), the Chairman Lagos State chapter, Mr Elias Ovesour, in a recent chat with Dotun Ibiwoye stressed that deviating from the norm, a change in the value system, right leadership and focus on infrastructural development can upgrade any organization and the Nigerian econom