Economists, Shareholders and financial analysts have dismissed the perceived return to profitability of the eight troubled in their first quarter result for 2010 expressing lack of confidence in the ability of the Central Bank of Nigeria (CBN)’s rescued banks to make genuine profits seven months after they made billions of loan loss provision and without any appreciable sign of lending and increase in deposit the major source of bank revenue. The profit is mere book keeping arrangement of posting recovered loans to the profit and loss account because they had earlier be regarded as lost.

This is an excerpt of UNDP comments on Nigeria on the progress of its Millennium Development Goals following a 2006 status report. Of the eight goals, UNDP foresaw only the achievement of universal primary education, environmental sustainability and global development partnerships.

Oceanic Bank International Plc has restated commitment for quick turnaround that will make its shareholders smile for their investments.

In a bid to efficiently manage its Fund and to protect the interest of unit holders, Union Homes Real Estate Investment Trust Fund( REIT ) has established an investment committee members to drive the process of its operations.

The need for effective supervision of self regulatory organisations (SRO) and enactment of laws barring officials of regulatory authorities in the capital market from sitting on the Board of public companies have been brought to the fore, as operators in the Nigerian Capital market have tasked the recently constituted committees set up by the Federal Government, for the design of a code of governance for capital market regulators and review of the Investment and Securities Act (ISA) on the need to address these gray areas which is likely to hinder the growth of the capital market.