Mr Chibuzor Ugwuoha, the Managing Director of the Niger Delta Development Commission, (NDDC) says human capacity and infrastructural development must be given priority to win the war against poverty. Ugwuoha stated this on Thursday when he received officials of the National Poverty Eradication Programme (NAPEP) led by Dr Magnus Kpakol in Port Harcourt.

Mr. Dayo Adeshina is the managing director of Strategic Energy Limited (SEL) of Nigeria, one of the world’s fastest growing independent commodities trading companies operating across the complete spectrum of oil products and the first private company registered as a member of the World LP Gas Association from Nigeria.

Shareholders have absolved their members of blame for financial misrepresentation often seen in companies annual reports, saying they should not be made to be accountable for accounts they have little or no control.

Association of Bureaux De Change Operators of Nigeria (ABCON) said that it would henceforth take strong measures against bureaux de change (BDCs) operators that fail to promptly submit returns as required by the Central Bank of Nigeria (CBN).

Electronic payment providers under aegis of E_Payment Providers Association of Nigeria (E_PPAN) has moved to tackle the challenges confronting deployment and usage of Point of Sale (PoS).

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.