---BUSSINESS

BANKING –The Nigerian banking industry experienced reforms during the administration of then head of state Gen Olusegun Obasamjo rtd and then governor of the CBN prof Charles Soludo with the recapitilization policy, 89banks merge to become 25 stronger ones while some were shut out of the system, the aim of the policy is to strengthening the asset base capital of the banks against liquidity the Nigerian banks can then be said to be compared to other international banks abroad on standards intercontinental bank with $1.2billion was rated number 1 in Nigeria ,fifth in Africa and 355 in the world followed closely by Union bank was next with $783 million and was ranked 502 in the world it was followed by zenith international bank with $7385and was ranked 527th the banker subsidiary of financial times of London.other innovation in the industry is the intoduction of the automated machines ATM,Until recently the removal of the prof Charles soludo and replacement with the emergence of SANUSI LAMIDO the X MEN to utmost shock saw the sack of 5 major banks MD alleged to have been involved In unsecured loan scandal running into 2.1thrillion naira, the nation embark on aggressive debt recovery, the CBN governor Sanusi Lamido on assumption into office injected fresh 100bilion into the banks to reconsolidate The special anti graft institution were able to recover several billions of naira back from culprit many more bank Md are under strict investigation.
Most of the sacked Md is believed not to have been seasoned bankers from time immemorial despite their position
Nigerian celebrities online .com will bring profiles and special interviews of the Celebes for your comment and views on each of the industry icons also an issue of discuss in the forum.

Oil and gas –There has not been success at all in the industry and failed governance can be a major reason for the failure of the industry Nigeria in the past 10 years have made quite a sizable chunk of money mainly from sale of crude oil, but politics, corruption and policy reversals have conspired to deprive the people the dividend of democracy some of the major player in the industry were given licenses to build refinery in the country, Nigeria which is the sixth richest and major producer of oil and gas in the whole world still suffers scarcity of the product in the country, the nation depends largely on importation of the finished product, the federal, state and local government have shared 17.5thrilion out of total revenuer of N31 trillion with about N11 trillion transferred to the excess crude account and the Nigeria national petroleum corporation NNPC Nigerian external reserve can boast of whooping $46 billion ,in January 2009 the total earnings from oil stood at $800million(N128 billion) there seem to be a great deal importing rather than producing at home the insecurity in the country and constant attack on refinery by so called Niger delta militant may be one of the reasons why the licensed operators have refused to build refinery what should government do revert licenses or sell out the refineries to make tem work ,your suggestion could be as good as mine lets meet in business forum for discussion why we preview some industry icons and their effectiveness ,

Your comment is welcome.

Industrialization stock and insurance
Many Nigerian owned industry are doing very great, textile industries, manufacturing industries food and beverages, telecommunication and more enjoy tremendous government policy that ensure ban on importation of products that compete with them many of the local industries were able to strive and shoot them selves up and register their presence in the Nigerian stock exchange however smuggling of said product remain treat to the industries the US sub-prime mortgage financial crisis. Or global recession may have little effects on industries world over many industries stocks drop in value on the NSE Nigerian stock exchange market with little dividend or nothing paid however stock brokers and expert believe it his is a temporary situation where the values only drop and best time ever to buy when the stock are low as it will pick up then investors can then enjoy great value.

TELECOMUICATION
The Gsm revolution communication has open up for plain level field for investors and people of Nigeria to transact business keep up with family businessman, investor professionals traders can communicate freely with ease this acut down overhead cost in daily business and reduce the stress with over 5 private telecommunication operator namely MTN, GLO, ZAIN, ZOOM, VISAFONE and the ETISALAT, MOBITEL you have a wide range of choice on service to employ ,trillions of naira haves been invested in this sector for their existence from licenses to installations, operation and maintenance.

However the PTOS have some challenges and inadequacies in their network, which needs to be addressed, in order to function like the counterpart abroad ,energy is one of the major problem facing the industry,cost of running generator as the power generation and distibution in the country is still very poor ,several companies spend trilions on energy to operate yearly .