The Nigerian Stock market recovery was last week tagged the top among smaller emerging markets raising hope that those who lost money through share purchases during the global financial crisis have a chance of recovery their loses at the Nigeria stock Exchange this year if they have not sold their shares at give away prices.

The low level of interbank interest rates and deposit rates in the economy is an aberration and not sustainable, says Akinsowon Dawodu, President Financial Market Dealers Association of Nigeria (FMDA).

In August of 2009, the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi embarked on the famous banking sanitisation venture which saw the headships of certain mega banks changed, leaving a banking industry that might never be the same again.

The International Monetary Fund (IMF) and the African Development Bank (ADB) under the umbrella of the Joint Partnership for Africa (JPA) last week organised a seminar on financial safeguards at central banks.

Fake and deceptive insurance policies such as third party motor insurance, marine and fake medical insurance policies are spreading like wildfire across the country, and victims of these insurance frauds have paid tens of thousands of naira in obtaining fake policies.

Staco Insurance Plc recorded N3.88 billion in premium income in the third quarter of 2009, an 11.88 per cent growth from N3.47 billion posted during the same period in 2008.

The need for reinsurance coverage of risks underwritten by insurance companies throughout the world more especially in Africa, is on the increase. In recent years, non-life reinsurance premiums have increased faster than insurance premiums which have almost quadrupled world-wide after the attack on World Trade Center in September.

Jubilee_Life Savings and Loans Limited, a primary mortgage institution (PMI) has secured estate development loans (EDL) in excess of N5 billion form the Federal Mortgage Bank of Nigeria (FMBN), in addition to having received approval for more than N4 billion National Housing Fund (NHF) loan on behalf of its customers.

Estate developers under the aegis of Real Estate Development Association of Nigeria (REDAN) have set up a finance outfit as part of efforts to help boost housing finance in the country.

The sale of government houses to a few privileged persons has been described as a criminal act against ordinary Nigerians.

The Ondo State government has disbursed N604 million to commence the first phase of a 454-unit housing estate in Akure, the state capital.

In preparation for this year’s Young Lions Competition, as a prelude to Cannes award in France, Hope Worldwide Nigeria has been picked as beneficiary of the creative works of the young lions.

Culture as defined, is the way of life of a people, and because Ecobank Plc has taken upon itself the responsibility not to allow the Africa culture to die, took on the sponsorship of the Lagos carnival which is geared towards boosting the economic and tourism potential of the state.

Fayrouz has rewarded winners of the Miss NYSC Beauty Contest at the Federal Capital Territory (FCT) NYSC Orientation camp.

A positive attitude, strong passion for people, updated skills and business knowledge have been identified as the key prerequisites for HR executives who are desirous of achieving success in the profession.