Aside its golden jubilee celebration, the Nigeria Institute of Management (NIM) said it’s a time for sober reflection, stocktaking and a time to project for the future of management development, as it gets new logo.

Although, the federal government is paying N5 million each as compensation to the families of the 10 National Youth Service Corps (NYSC) members who lost their lives in the post- election violence, insurance companies that insured all contract staff of the Independent National Electoral Commission (INEC) will still have to pay compensation to families of the slain corps members.

Nigerian Maritime Ad-ministration and Safe-ty Agency(NIMASA), has disclosed that it will help develop indigenous capacity in the Maritime sector to help local firms take advantage of the local content policy of the Federal Government.

Operators in the insur-ance industry have called on the Economic and Financial Crimes Commission (EFCC) to respond to fraud related issues in the insurance industry the way it responds to issues in the banking sector.

Reflecting the surfiet of funds in the money market courtesy of AMCON bonds, government securties recorded 242 per cent over- subscription last week.

The Rivers State Chapter of Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) to shift implementation date of its policy on cash withdrawal by five years.

The Central Bank of Nigeria three weeks ago said that Nigerians will as from June 2012, pay for excess cash withdrawals and deposits. The apex bank pegged the limit of daily cash withdrawal at N150,000 per individual, that is about $1,000 by today’s average exchange rate and N1,000, 000 for corporate individuals.

Following allegations by customers of illegal disconnections, extortion, taking away customers’ cables, crazy bills and failure to deliver metres already paid for, officials of Nigeria’s electricity utility company, Power Holding Company of Nigeria (PHCN), have advised customers to always direct their complaints to the appropriate quarters rather than patronising touts

Prince Kunle Quadri, President, West African Union of Tax Institutes (WAUTI), has appealed to the National Assembly to pass the Personal Income Tax Amendment Bill. Quadri who is also the President of the Chartered Institute of Taxation of Nigeria (CITN), similarly, appealed to the Federal Government to launch the National Tax Policy.

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