Simeon Ogoegbulem


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World Bank Rates Nigeria’s Commercial Agriculture Devt Project High

THE World Bank has rated the Monitoring and Evaluation Framework for Nigeria’s Commercial Agriculture Development Projects (CADP) as highly satisfactory. BusinessWorld Intelligence can disclose that CADP is the first project in Nigeria where there was provision of counterpart fund for project preparation by the Government.

Malaysian Apex Bank to Train Nigerian Bank CEOs

THE Bank Negara Malaysia (BNM), the central bank of Malaysia, is to train chief executives of Nigerian Banks, BusinessWorld Intelligence can now disclose.

Banking Reforms may Truncate Sale of Nitel


(L-R) Areil Van Der Wiel, Netherlands Ambassador to Nigeria; Tunde Lemo, deputy governor, operations, Central Bank of Nigeria (CBN); Reginald Ihejiahi, MD, Fidelity Bank Plc and president of the chamber; and Nimota Akanbi, Nigerian Ambassador to Netherlands at the inaugural business meeting for Nigerian and Dutch business communities organised by the chamber and the economic affairs department of the Netherlands Embassy in Lagos recently.
 BARING any last minute change, the National Council on Privatisation (NCP) will Tuesday February 16, open the financial bids for the privatization of Nigerian Telecommunication Plc (Nitel).

Tax Appeal Tribunal to be Established in 8 Locations

THE federal government has announced that the newly inaugurated Tax Appeal Tribunals (Tat) would be established in eight different locations across the country.

EU Drums Support for Anti-graft Agencies

MR. Jean Yves Gourdol, programme coordinator of the European Union (EU) funded Support to Reforming Institutions Programme (SRIP), has justified the support to the Anti-Corruption and Transparency monitoring Unit (ACTU) established by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to identify corrupt practices in its ministries, agencies and departments (MDAs).

Nigeria, 3 Other Stock Exchanges Sign MoU

A new vista in capital market development  in Africa was opened last week as Nigeria, Ghana and the French speaking countries signed a memorandum of understanding (MoU) on the integration  of the three exchanges. The signing trailed a three-day debate on the possibilities of integrating some of the African exchanges in the sharing of their infrastructures and render timely service to the investors.

Asset Mgt Coy to Take-off with N250bn Capital Base

The proposed Assets Management Company (AMC) would be floated with a capital base of N250 billion. BusinessWorld Intelligence can disclose that the equity will be held between the Central Bank of Nigeria (CBN) and the federal ministry of finance Incorporated (Mofi), in the ratio of 60 and 40 per cent respectively.

Weak Insurance Firms to Go

Indications have emerged that a very strong quake may soon visit the insurance industry. BusinessWorld Intelligence can disclose that at the end of the quake, insurance companies with weak financial base may be swept off their feet.

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