Restorium Capital berths in Nigeria, launches credit enhancement, project funding services
In a bid to increase productivity among businesses and boost infrastructure development in the country, Restorium Capital Limited, an investment banking and project development firm, said it is launching trade finance and credit enhancement services for importers and manufacturers as well as project financing as it re-enters
Direct cash settlement: No more fraudulent stockbroking
It has happened to many investors. Your stockbroker helps you to sell your shares. You had instructed him to sell at any price because you need the money urgently. He sells the shares at N20 per share but tells you he sold at N18 per share. Or the broker uses your money for his expenses and tells you he is yet to sell the shares. These unethical practices have caused many investors to lose confidence in the stock market and hence discouraged from investing in the market.
SEC sets up monitoring team for e-DMMS
IN response to the several complaints from Investors Forum over the Electronic Dividend Mandate Management System (e-DMMS) portal, the Securities and Exchange Commission (SEC) has set up a monitoring team to monitor compliance with the implementation of the initiative.
NIPF: SEC to compensate 580 complainants
THE Securities and Exchange Commission (SEC) has announced the official take-off of the National Investors Protection Fund (NIPF) and conclusion of arrangement to compensate a total of 580 investors whose claims have been successfully verified.
Re: SEC, investors and e-dividend portal
Last week, Investors Forum received the following emails from two readers with respect to the Electronic Dividend Mandate Management System (e-DMMS) portal.
Unlisted securities: Investors lose N26.39m in one week
Investors that trade on unlisted securities on NASD OTC Securities Exchange Plc lost N26.39 million of their investment in the market last week as apathy continues to pervade the entire capital market.
SEC, investors and the e-dividend mandate portal (2)
The article last week on Electronic Dividend Mandate Management System (e-DMMS) portal introduced by the Securities and Exchange Commission (SEC) generated reactions from our readers. There were two major revelations from these reactions.
Top 10 performing stocks
Top 10 performing stocks
FRCN vs Stanbic IBTC: We were misled
Following the faceoff between Federal Reporting Council of Nigeria, FRCN that led to the sanction of Stanbic IBTC over its audited accounts for 2013 and 2014 and suspension of the financial reporting numbers of the bank’s Chairman, Mr. Atedo Peterside, and its Chief Executive, Mrs. Sola David-Borha, Shareholder Activist, Alhaji Gbadebo Olatokunbo, expressed concern stating that shareholders were misled by the information made available by FRCN.
E-dividend mandate’ll reduce unclaimed dividend — Shareholders
Electronic Dividend (e-dividend) was introduced to forestall the rising incidence of unclaimed dividend in the Nigerian Capital Market. Shareholders who spoke with Vanguard Investors Forum, explain how e-dividend works and its benefits over paper dividend.
KPMG calls for adoption of IFRS 9 financial system
Professional service firm, KPMG has called for the adoption of the new International Financial Reporting Standard, IFRS 9, for a more professional financial measurement.
