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Clear policy on exchange rate will bring back foreign investors – Sanni

The drop in Foreign Portfolio Investment (FPI) is closely linked to foreign investors perception of our policy response to dwindling oil revenues in the last two years (caused both by falling price of the product as well as reduced production). Areas of concern for foreign portfolio investors range from our foreign exchange policy and its implementation as it affects ease of exit, the state of our foreign reserves and general sense of our willingness to deal pragmatically with our changing fortunes.

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Implementation of policies bane of capital market, economy – Adebisi

By Peter Egwuatu The National Co-ordinator, Independent Shareholders Association of Nigeria, ISAN, Mr. Adeniyi A Adebisi in this interview with Financial Vanguard spoke on some policies affecting the growth of the Nigerian capital market and also proffered some solutions. Excerpts: What are some of the government policies that affect investment negatively in the capital market?
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NASD: Why investors prefer shares of CSCS, WAMCo, few others – Ajomale

The Managing Director/CEO of NASD OTC Securities Exchange Plc, Mr. Bola Ajomale, has said that investors’ preference for few of the companies trading on its platform, particularly, the Central Securities and Clearing System, CSCS, Friesland Campina Wamco Nigeria Plc, the producers of Peak milk, Niger Delta Exploration and Production, NDEP Plc and Afriland Properties Plc is borne out of availability of information on the stocks.

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Indices will get better in 2017 financial year – Puchercos, CEO of Lafarge Africa

Nigeria cement market is dynamic and has great potential for continued growth, despite the current economic challenges. The huge market size, level of infrastructural development and massive desire for housing are positive indicators. Focus on infrastructure development by current government is quite encouraging. The people are warm and committed. Hence, there is great focus and high expectations from the LafargeHolcim Group.

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Over-supply triggers sell pressure in bonds market

Prices of federal government bonds (FGN Bonds) fell for the second consecutive week in the secondary market due to sell pressure triggered by over supply. Money market sources told Vanguard that the sell pressure in the secondary market was due to banks and investors trying to diversify away from FGN Bonds to treasury bills to take advantage of the higher interest rate (yields) on secondary market for treasury bills.

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Holistic approach required for supporting SMEs – Heritage Bank

The drive for Made in Nigerian products occasioned by dwindling foreign exchange availability has presented veritable business opportunities for SMEs across key economic sectors such as the manufacturing, food and beverages (agriculture value chain activities), and fashion/arts and crafts (textile, and facial beautification). SMEs enjoy the leverage of increased demand for their goods and services with the added prospects for export opportunities. Heritage Bank recognizes these opportunities and is adequate positioned to tap into these huge business opportunities.

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