Results of the latest MasterCard Worldwide Index of Consumer Confidence survey for the first half of 2011 have revealed that Nigerian consumer confidence remains optimistic. The MasterCard Index recorded a notable 12.7 per cent year-on-year increase from a score of 83.2 a year ago, to a very positive current score of 93.8.

I was a guest on Channels TV’s programme, SUNRISE, on Saturday, 13th August, 2011, as an analyst invited to discuss the recent nationalisation of Afribank (Mainstreet Bank), BankPHB (Keystone Bank) and Spring Bank (Enterprise Bank). Also on the programme was Mr. Mustapha Chike-Obi, the Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON)

Claims by the authorities of the Nigerian capital market to investors’ protection and safety of investors’ fund have been brought to question, following the nationalisation of Afribank Nigeria Plc, Spring Bank Plc and BankPHB Plc, by the Central Bank of Nigeria and the Nigerian Deposit Insurance Corporation.

COMRADE Anthony Emmanuel Nted Emmanuel is the President-General of Maritime Workers of Nigeria, MWUN, and the umbrella body for workers in the Maritime industry. Comrade Nted who is also a Vice President of Nigeria Labour Congress, NLC, in this interview with Financial Vanguard, spoke on the five-year old ports concession, moves to establish a parallel agency to Nigeria Maritime Administrations and Safety Agency, NIMASA, proliferation of government’s agencies at the ports among others

Organised labour in the Maritime sector of the nation’s economy, has called on President Goodluck Jonathan, to take a drastic measure to curtail alleged unwholesome activities of oil and shipping companies in midstream operations, warning that their activities are harmful to the nation’s economy.