The Chartered Institute of Stockbrokers, CIS has taken its sensitisation programme to members of the Nigerian Armed Forces on Nigerian capital market activities. The team was led by the Head, Research & Technical Mr. Arinze Nwobu. In his statement, HRT mentioned that CIS is the only professional body responsible for training and regulating practice and conduct of stockbroking in Nigeria.

“Our domestic refineries must be made to work. Appropriate incentives need to be worked out to attract new investment in refining. While domestic refining by itself is not sufficient to guarantee product price stability, there are clear gains to be derived from domestic refining as opposed to imports,”

Three human rights activists have condemned development in the National Assembly, NASS, where ‘independent’ candidates beat party nominees in the leadership elections for Senate president and Speaker, House of Reps.

CBN is aware of the plight of the depositors of the bank but cannot take any action for now to ameliorate their suffering. The second revelation which is also a fall out from the above is that, the depositors of Savannah Bank can prompt a change in the situation by taking action. For example, the depositors can approach the Bank Customer Association of Nigeria (BCAN) for advice and assistance to engage with the CBN and owners of the Savannah Bank.

Bilfinger SE, a minority shareholder with a holding of 33.4 per cent in Julius Berger Nigeria Plc (JBN) has expressed its decision to divest its stake to Nigerian investors. In a statement, the construction giant said Billfinger has notified the Board of Julius Berger of its decision to dispose of its remaining stake in JBN to long term Nigerian investors on or before the end of June 2015.