L-R: Dr. Eugene Juwah, executive vice chairman/CEO Nigeria communication commission; Rear Admiral Allison Madueke (Rtd), executive chairman, Interconnect Clearing House Nigeria Ltd; Mr. Lucas Dada, director products and services Etisalat Nigeria and Mrs.Ndidi Okpaluba, director PMO Operational Strategy Etisalat Nigeria, during the flag off of the mobile number portability scheme in Lagos. Photo: EMMANUEL ANYANWU

The Nigerian Stock Exchange (NSE) has honoured Mrs Florence Seriki, group managing director of Omatek Ventures Plc, as the Growth Ambassador of the Alternative Securities Market (ASeM), a specialised board for listing of small and mid-sized companies with high growth potential.

…As Heritage Bank Opens 3 Branches
The official re- opening of Heritage Bank limited has sparked off subdued worries over savannah Bank limited as there are yet no clear indications that it would return to operations this year.

Mr. Aigboje Aig-Imoukhuede, the Group managing director/chief executive officer, (GMD/CEO) could not control his emotion at the bank's 24th Annual General Meeting (AGM) which was held in Lagos recently, as he seemingly reminded shareholders that his days in the bank as Group managing director were numbered, courtesy of  CBN's tenure elongation policy.

L-R: Steve Stretch; Titilayo Ebinisi; Kunle Akanmu and Joel Nwanze, all of Globacom, with the Telecoms Company of the Year, Best GSM Company of the Year, Most Innovative Mobile Player of the Year and Broadband Company of the Year awards won by Globacom at the Beacon of ICT Awards held at Eko Hotel & Suites, Lagos, recently.

The National Assembly (NASS) may have given the necessary legislative approval for the issuance of Nigeria's $1 billion Eurobond. BusinessWorld Intelligence can authoritatively reveal that the written approval of NASS which is a necessary requirement for the issuance of the bond came after spirited efforts by the Federal Ministry of Finance to secure same.

L-R: Mrs. Diezani Madueke, minister of Petroleum; with Dr. Lazarus Angbazo, the president/CEO GE Nigeria at the presidential power reform Transactions Signing Summit which took place at the presidential Villa in Abuja recently.

Novartis, a leading pharmaceutical company and Malaria No More, a leading global charity that is determined to end malaria deaths, have joined forces on the Power of One campaign to help close the treatment gap and accelerate progress in the fight against malaria. BusinessWorld can disclose that over the next three years, Novartis would support the campaign financially and also donate up to three million full courses of its pediatric antimalarial drug to match the treatments donated by the public, doubling the impact of these donations.

L-r: Stella Odua, minister of Aviation with Mrs Deziani Madueke minister of Petroleum during the Centenary National Conference at Eko Hotel, Lagos recently.

Nigeria is losing N1.3 billion yearly to the importation of Subscriber Identification Module (Sim) card into the country. Sim is  a type of data storage for mobile devices.   BusinessWorld Intelligence conducted among some notable manufacturers of Sim card around the world revealed that it takes about N32 to produce a unit of Sim card.

The 2012 financial report of Fidelity Bank Plc has continued to re-enforce the healthy signals the bank has been sending to its stakeholders and future investors, as the bank's Liquidity Ratio and Capital Adequacy Ratio moved clearly away from a discomfort zone. The two indices have been the most potent signals to look out for when classifying the insolvency state of any financial institution. The bank made a Liquidity Ratio of 47 per cent  and 29 per cent on Capital Adequacy Ration, beating the minimum requirements of 30 and 10 per cent in each case, with a wide margin  according the bank of very high state of solvency.

Nik Ogbulie, Editor, BusinessWorld Newspaper(2nd left), flanked (L-r) by Kelechi; Alex; Ada and Abimbola Tooki(deputy editor) during a house party with his colleagues at his Opebi office to mark his birthday anniversary last Friday.

The African Development Bank (AfDB) has outlined how structured finance techniques can mobilise African domestic capital to support economic infrastructure projects and economic growth on the continent. AfDB in a new report, “Structured Finance  Conditions for infrastructure project bonds in African markets”, which was launched at the weekend by Charles Boamah, AfDB Vice President in charge of Finance at the sidelines of the IMF-World Bank Spring Meetings.