In this interview conducted by Naomi Uzor, the President of the Lagos Chamber of Commerce and Industry, LCCI, Chief Solomon Onafowankan, believes the way things are in the country at the moment, the leaders may just be creating more poverty instead of taking people out of it. Excerpts

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The newly appointed governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, has said that exchange of ideas and critical analysis of the banking industry are critical tools in the sustenance of good corporate governance.

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The Central Bank of Nigeria (CBN) has been urged to increase the number of specialised banks in the country.Officials of the Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI) told NAN in separate interviews on Thursday in Lagos that the increase would enable the real sector to have more access to credits.

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The assumption of duties last week of the new management team at the bank also mean a task of redefining and reinvigorating the bank that has gone through a period of severe crisis occasioned by the irregular sale of the shares divested by the O’dua Group, Lucky Fiakpa writes

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After a meritorious 24 months reign as president of the 50-year old Chartered Insurance Institute of Nigeria, Mr. Adeyemo Adejumo, will on June 19 hand over the mantle to a new president of the Institute, Patience Saghana writes

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Following the recent signing of the Public Procurement Act (PPA) and the setting up of the Bureau of Public Procurement (BPP), experts in the sector have called for increased participation by all Nigerians, through effective monitoring of all procurement exercises in the public sector.

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Profit-taking activities by investors in the Nigerian capital market for the most part of last week, accounted for a dip in the value of quoted securities in the Nigerian Stock Exchange (NSE), as the total value of listed equities dropped last week by N72.98 billion.

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The African insurance industry has for too long assumed that they know what their customers wanted rather than taking the pains to find out from them what they actually needed. Patience Saghana who was at the 36th African Insurance Organsation (AIO) held at Dar Es Salaam, Tanzania reports that participants resolved to now market the industry services to customers rather than just selling of insurance products to them.

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The Economic Partnership Agreement (EPA) between Nigeria, 15 other West African States, and the European Union (EU) may not come into effect this month, Franklin Alli reports.

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The Lagos State Internal Revenue Service (LIRS) has sealed-off premises of five companies for allegedly evading tax to the tune of over N100 million. The News Agency of Nigeria (NAN) reports that the companies were sealed for not remitting their tax liabilities from 2000 to 2007 to the coffers of the state government.

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