21
Monday 05 November 2012
BUS1NESSDAY' www.businessdayonline.com
Kogi farmers lose N30m micro -credit to flood, seek govt assistance
TCN insolvent, we are not in control, says Manitoba "Firm already working - FG !'MlU1'ol tlw ,nllLqryo 'Pn\wr. o.imply~UMWdh:rl. "'So,wtr,
AMETO AKPE AooJol
T
U. Tran~m,~~inn
.:omp.l~'
or ;>':1,,-.-
rin (TC .... ', ,~ insol· "'''Ill, ManlflohaI t-.' dm Il\u'rnalion~1 the Canm:h.ln 11m, 'lI'I'01nlcO byt..... li-tlrr.d ( .. ~mM:1I as mana~('m('nl
c:onlTolnnr< of
lhe~I)'<t~.h;I·,<Qjd
\1animha'. I1nn
~
!1JKI1'(:.;dtlcfMr(Um't'llffiaor. oJakingdl('<;C'dl<dnoaI!t"'l ....WO;'; el'ld.al.«)illfon,Jed'h."'fI~· rnenl \~'rl\)'Ct 10 jIIJI in p1.."tl't' a
'IrlIeduJ,r,iddIWlIf.. I.~Ll1hnm.~ whid! '\nllld¢w Ihd ~'llall~"111 linn full authnmy." om TO Tolhiolcmd. tw~;d ·'-.,,·;nerml in axnmC nonnJt 111;11 onh,' tht-
8P''CI11f11I'I1!J,.n"w''''\1~r· . ~inn("(l
on
Ihi~
ro.'ilIC.
IJen.oA\'·.. ,..j1aI.I'N"f1nan4"f1l~
,10
,'flU
think
1~' an" In thL~
mN"linl:,' rio ;lnd "",- tilrm TItf:')" lin" .11IT'am' workill~ If
h:wr " nmtrnc:l and ")\If . omrart i, not ..uimhle \\.o.lld
\"011
q:.n'
Whf'fl ht' "('TiI'"lm.,n} inlmdll!-ro hill\.W''' h ~,~id \lanifohafTC 'i_ III I ~pr.tk fur hlln? ~ Ihaf~ I Thf"~f' l''I(Cnanf,:!'s lOok pia<"(' 011 thr "ldclinC" of Th iU\t ("oTl("lud{'d genr",1 ...
\"011
~I""rnhll
of the \Vi.'-« Mriran rUWrT ronl (W-\rPJ in .'hllJa \I,mhoha won thE' Tel\' m.u':lfCM1l('nlamlr.ulll1 'phi ~'11Ih'Tl1l¢l
a hidrlirul: pm·
rBl'p)iswp<lrlt'<j!o~ 'ltl· Ihn'~nold of 1;\\ln, hlng ,-
tllh'lI.fnllul1\oi rn<lTlf"\- TeN ,:('I~ i< nm .11 "II
~gatjon~b't'l:h
.-main
\\"r'l,""o~lCr.I1i~un
k- ,'11
,r.illnl a minimum
;rh Ihal :n :k '"
T. .11 ... 1. Tr: fi· 'Tlfl""lth, ."11"'1<'1.\0" I' nQ r,r.r IT )nth Uld /tITI. l'Ii ~ I.... Olnrmc ~I; "lir"4l,:n I!)(' <;I of YI1\('1'Tlllf'"f. tn" 'it hN.lu l' W',
r-:tllI ~
lln-::l~'¥tC
I'ri("'\mJ;m
)f Ii .
-;;;m~1
mil
tU'fl II
l:l'O
"
\l!f'P"Yrl.
~1I1~
:("'1'11
rc-mjc- ~~I:ht't:Xpbinm \!.'JlI I b;l'\I':mi~tn("flm
l{""'II. f;,.
pI
it.
'un:,_1 !;:TC
,'1
mtr
!'I,
C,1..," ~ h.' ~":lrn.l('h M'OImd a.,.1 haw a nalt,fr'l~jonlll rn '1 pr",nl("l'~ Iv
I
h ....·I\I"~l' 1"'1g Il"nn m>l'rn:Je
!.
r
\,
liT 1"C".1dy.VId "',. .'1(' Ill'
1\"'1 "lJl1:mai~.In G' lTO ('(";.< I~ ,,",' §1M"
r.1""
1'1
""""I1i!-~1J("1,I\'t1lf
113'.
Alp"'
'I ":rljo: b'I(4:rt aU~llOn. So'M IIfr !(\~ from hand 10
'.11:'1,,1 lW"11tiJ
latif'o'
nl. ,rw;lm !n ronU[tlIl'
I
pmr...-d We l'Ii1\... :'lI':Y, IlfTI" \\\"-kn'1\,,,,h:UI ,dol Wt~
I'."lgl
~1l.1\1 UfJflCSllIIH1Iurl):,SlII'
.... ",
odwfm H-i wl1nllU("1'1 WI" 101 • h It' mil ~ ida... t...· r",.· m
i:l II
t"""'"
11;::~'\\t- ...
II'M-M""r; fw<;h ('Of1frU1."t',<d ~ ha .... e ari ..cn arollnd the ill tol'!; i" tl1(' fJffK"('O;." ,\l'lO, 1mR',n';IlI"fP",hli("Pmom'l'TlI'TlI
("lo"!~ 11'\ I~
I('r rhrrr arr
:If'
!nV1i\
11
;chIIlS!.'" lei
'f'
<
,-jlh nllT TC;'; c,,1 I'TW<ollTl.m !."1id. not
Inf(1'"~'IO\\"O~iIlK
\J:ni~I1)' .... fPmYl"T:I_
~~
)(
:.n
"0 fhl' wtwll" al1fJn a( .. 1< 11l1l'rtgmeCllmp;uW lUll!
II
!Il~
,I
hrT1 11> ..t.u ~",n\' m ~:,.
u,..,mldUC1f"ll!;ft·the RIlft""lu
~r I'uhlic F.nlrrp;;W'~ mpr
nr.
I-"
p.'I"~
"' ... :j",tlltirofdl
"ron
pUlII'piaC"{'
i\I
:1"Il':II,'IU"r""lTI1I'';lm· ,10 '1 kn)Yo how murll WI' Uf'I. , .. R,-llinR and Ihill
m n_m~'n!l'n"ll)("th"'"<hrt-il • srn' .. /If'lhlrm_ r,Ul r:J,ro :rot her~1 h.lppl"ninj;
"n "
'\IIththcoulaRL~ 1ha"~!;(lml'
IhlnR mal cannot hi- c'h:mg('d
r":'IJIy quickly_ 11"< a ,nnhlrm Ih<ll h~ e\'fll\"ro (}\"{'J quire a long pt'riod of timl'_ it '''''fluld la~ tirm- 10 tn.- hfo\-.:plainf'd '1rarmnilc.-\wo<tb rciut I'll (',.II"KOrir.llly, """1\inJ; \,Iani toh.l~ po~inon I~
lIleorrccr
rt'j;lnJin.; III(' is<;u('"; II mi~ Shl" ill~i~l!'CI Ihat tlw pm '\"l'ry IraTl<parrrH: .... klinJt Ihat 111I'1'T' \\01.\ noth ing In hi" \\'flrried al""" rl"~~ i\
-Yoll W:"1I II~ ~o IUq th""" ml! thriw.'f' ....;thnut QTlflodl
Wlwn ,'nu ~1~1 a "',mmc1 you "...1 hflllll.-rl 10 tllf' a mntmn, nnw thf'1o' arl" gOlnR 1\1 A'VI' Ih(,1II ,,.rmo; of wonlnR It I~ in Oil' 1I11('f('<;1 IhOit i~ ",tn- Wf' 1'111 il in 'hl' ro~.1 m.1p. ihl", did nm do Ih,.. m;tdmilp for '\. In UN;' rn;tdmap w(' h:n,. 1an3}!rml'nt ("ontra("t and ("'ITIi!('II(I~.
I~I" lh",'<I~ro
nana~l1l'm ronlrilCt'~ 1ll'C-
-.""1fV1nli",ill alw;"T\I'II11<I"1I<.f'd J.:"in~ {orwant" . \W."I~ll !>aid
W
I!11rn farm('t~ in 1\0"" I",," ~icilrd ~o\Trl\lnf'nt a~~I ..
lancr to pay thl" ~30 mil !Ion ml("ro·nnanrr farill lY I~
ohlaim'(\ 10 plant crops awar in Ihl" n"f"l'nl
wa~h!'d
flood
dio;a~TI-r.
prr~idt'nl. Wnnwn Awi("ultml" (\\11\), "og; rhaplCT, E~IhCT ,\Udll. mllde Ihl' (lppl'al In ;tn in!l'rvi('w "i!h !hI' N(''\\"\·'Vn.-y of Ni gNia (1\:i\l\:11.nkn~1 ""ff'kmd ",udu. who ,~ (11'0 Ihe l\orth Col'mraJ .,"n:1I ('oordi nalnr. :\\"0("1:'111011 f,r\\'mneTl r1lJlT1el"\nfjl;"igrnaj.o\Wf"NJ. 'laid Wnm('l1 f:tITnr'''' ill K,,¢ 10<;\ rnoll' Ilmll :'«100 Inillion
Thl"
1!1
10th("nn<J(\
SI\t". hnw,-w'r. ~;lId Ih1l1 the :"<~ million 10."'10< thf"\ ohmmro foml h_lIll~"",1T of
mnrt'alfl("l'lnlolhrm TIll' pr.,\ldr,ll qif! th~t wmnE'n faOlll"l""i fmm frvr 10 ml ~~lIIt('11I aw:l.\,Orll.lla, Ofu_lp]alm·la., (~\Olll, R.1SS,1
Irno receives N400rn flood fun d 8E~j
EGUZOZIE. Owerri
mo Stall'
ha~ rl'!i:eived million hC'ing il\ C1.ll'J!Ol) B flood Imp-'et lind from thf' Ff"fIt'nll
L
~~oo
VICe PresIdent Namad, Samba {2nd n. Wllh GovemOI'" RoClas )1<. at OhaJ ... egbema ~M Oguta lGAs In Irna State weo;. .. nd
Ca pital market community mulls stimulali'lg market making on AMCON bonds IHEAN YI NWACHUKWU
T
eo (i1pit.ll m.uket. romIllUIIll\' lJ aln
~lderinJ: r'n~aglTllI
Ihl" .'~~I"t \fana!':t'ment Corl'otalion of:-'1R"ia ("~l CO:"'i), L('11Iral Rank of Ni~ria rCUNl and Financial 1\1111ker Deoal('a I\'.';odatil,r. (FMDi\llo ~ill1l1li1I., m.ulu.·' malting (In ,\\ICO:"" bond.\. Busine-snil\" r.m di\Ck!w AMCOr-; had in 2011 listed illi :""1.1>75 trillinn 7t':fO roupon bond on II>,. '\.1f,:t' rian 510d f.xrhillll¢(:"Sr.i al NI,ompcr unit. m:tkmglllhc bi~c\'!'t
ohurhUHJ\Tf50
~',-af5hISlfln:d
thf' r~lnj1!('
CUfTf'Tltl)', \\ith Iht'
51'1"'-
port of Ih", Securities and F:dlallg,·("'.omm;'C'<innr<;:FC· 111"~ is roll"loorntion m: Ihr' NIRl"rlan S:oc:k Exchangt' (NSEt i)ehr '1nnaJ:"i'm,.m OffktlDMO) and X.lti01l1d A,~ol""i;tlinn of S,.curlTil"l nl".ll'!~ (NASD):n reali~" lOt" ;ntmduclion of m~rkl'T making fill drht U't'Uf; tl6 p"1ttlnl!;\th' Ihl': illiqlli,l cor
I" roue !llld
~uh-mlT;on.11
'''lit< e,
;,' th,- recorn'
C~lli'''' ··~arhr.t
<"nmmilh.:I" '\;!I thor i1i:}n'1t:: t market IT: ~ r n
I hi' h~l
"'1((1'\. h ,
i(l!('T-h nk 7"_'rl.;.(> Iht' l:":ld!ll~ eXI hanc;t"l 1. a.'diMU'<~icl'u 111 1101j;1-:ll n\l('r,rti,>.:' ;;;:;-ti _~ :hc r.f
,_,
:he:\SE:mdl'\l,,~-nin
n~
(c.·ioW':a:
ron <:;EC
1"·{ h il"'ll \\111 " 3t
\1(', n<l'rl!lIJ! !l.lt.,1
l'
rv"
I r. ,1/ l~
r:)1"
f.'
>nal
)la1;
)f'I"
I
-\:,1
r
:r
';nllrh 1"'" I;> 101
Ifhlr'
n _tt" r nnlltC', ;tl!>o WI "I' il rntm~ and t. 1',(' 'pNa!in\: fmrH' \••. k r 'I' Irhir.. It'ntlm}; If':f,ll\,,nwith ;'\ational P :1.0;- n ( >'11mIUlOn fPl"n C ~j In:1 tr WIM"Ml1 ~d jn~e:tl"h -: "\.
P
' ~I'
"nl:
\\':
,n,.!'-: I'gT lrll.q and r.a In ;:t u. 113, h ap
"
,·\<:;1 (
lI.rrr h
j
I
101 010\.
th~
'1f{>-
'I"":r.>!"I:
,\n
r.~
nf m:HI "I makcu
r)mI1C1{ m('111 mlll":n!'::J· I ·.....In!i .....
~f 1 nih , ~lnU11~nI'< h c r.:\4·n~"~ 'r, ~'1('d '" ..... h , ~holild rnnO;:l IIII'
:ie-.
~ lh~
~1-"
lr \
"r
II
~
from Ihe
hdarl" Ihr' liN ,1moUIiI i~ rt'1l'awd In Ih(' ~l!'lIr. Thr drdUClrd amnllnt i< paid ditecth' ITlIn Ihl" TIUSlre\ " ...COUIII by Ihf" r:c.~ on a
\mnrna Ore-h. din.'CIol Ken1"1;·1. SEC, \~iJl Ill' rnakin): ~ prl:!'rmarion at the GoV(!rnflf'\"' fumm on fhl" hnlC'fit~ of sub-national hond~ alld
All IS{'O Int';\n~ Ihat tht' fi"\"t"d h'lI\d tl"llayrlll'Tl! ,.. tlr
1Il0nlhiv h~~i~ Thr ~Tal(" rhl'rf"forf" ha~ no say in rl'paVTllrnl nnrr the Ism i~;n t"ffN1l1ntii thl" bond mal1l1f'~ 1hl" ";FL and the Ad ..'O)C<Ir,' ~uh·(."mmil tee of the <.\,1(: will ~('('k 10 It'ducor O'\I'l',lal' in OMO in \'oJ"emt"llt ;!TId sn: I'Ippm\'aJ pnlCt"loo;inoniI"TIOpUlT1l01e-1l mOTl'ciftrirnI ISI 'flapllrm-aJ
dU.h·rl 'TV Ihl" ff'1lrml (in",
pllil
10
Iht- pml"'f"""<J m;wm 10 tht' Inf''''ocnllit'' SUlIlding p;\,mrnl Orul'r (ISI'O) appmv.d
MI'
lid '\;
Jl:an~
'1
R.~,i:1"(1
'(
("~ I'''''~rl_ Thi~
~1I.
111,"'1:11111; '!If''
I' ~nl "Il~
l'mmenl of Nij;l"rlOl (fG:'>J)
notillnITi(ln
11..1';) ~ of "lIrm-fIlml on l)Uhlie flfff'ni whirh :It{' ('ithl"r ~tld I", bonl huilding "r finnJy undl"rwTinl'n_ On ~\Ih·nallnn;tl hontl~,
Ifl!~ R:JO:i.l
~. ~
\1 n
d
In" II ... rl"£luiTl"ITlI'nt fm SEC of:tpplU'o'<lJ ofd)e
.",\"
\'.111 'II~F
n,'
plTW'1''''
l"o~
~tlllr
allocation