Fitch Ratings has declared that reducing reserve requirements to 25 per cent will not add liquidity to the Nigerian banking system because the reduction will not lead to additional Foreign Currency (FC).

Ahead of the last quarter of the year, investors have been advised to be careful of the stocks they buy from the stock market. Shareholders, who spoke with Investors Forum, said that there would be further drop on stock prices occasioned by festive period, just as they advised investors to be beware of their purchases.

Following an order by the Federal High Court vacating an interim injunction barring the Securities and Exchange Commission (SEC) from expelling BGL Group from capital market activities over alleged fraud and malpractices, SEC has said that BGL, its subsidiaries and sponsored individuals remain suspended from operating in the Nigerian capital market.

The Nigerian Stock Exchange, NSE, has expressed optimism that its oversight function over the dealing member firms will lead to enhanced investors’ confidence and enhanced capabilities for market integrity.

To aid its development financing objectives, especially to Small and Medium Enterprises (SMEs), the Bank of Industry (BoI), has secured a $100 million line of credit from the African Development Bank (AfDB).

On the top 10 performing stocks last week were the shares of Transnationwide Express Plc, Guinness Nigeria Plc, Okomu Oil Palm Company Plc, Evans Medicals Plc and Costain (W/A) Plc.

Ahead of the last quarter of the year, investors’ have been advised to be careful of the stocks they buy from the stock market. Shareholders who spoke with Investors Forum, said that there would be further drops in stock prices occasioned by festive period, just as they said that the investors should beware of their purchases.

First City Monument Bank (FCMB) has added another feather to its cap having emerged the “Most Customer Friendly Bank” in the country, at the prestigious annual BusinessDay Bankers Awards.

As the equities market continues to suffer from the recent announcement by JP Morgan to phase out Nigeria from its GBI-EM index series, analysts have projected an increased allocation to equities in the short-medium term as institutional domestic investors continue to exit the bond space.

Today marks the sixth week since the deadline for bank customers to enrol for the Biometric Verification Number (BVN) was extended to October 31.

The two series article titled, BVN Enrolment: Facts behind the extension of deadline, generated several comments and questions from readers, especially online readers. Some of the questions are directed to the Central Bank of Nigeria, while others are to the banks. Some of them are presented hereby presented.

Caverton Offshore Support Group Plc led the cream of price gainers last week on the Nigerian Stock Exchange, NSE with 7.89 per cent or N0.27 per share increase to close at N3.69 per share from N3.42 per share penultimate week.

Last week ,we discussed the topic bothering on AGM and how companies have been able to utilise that platform to solving issues identified by the shareholders. Contiuning,shareholders have said that companies don’t address some issues because sometimes the right steps are not taken by the them that are supposed to report such un-addressed issues to the regulatory authority.

Bayelsa state said all is set to hold its 2nd economic investment forum in the state.

THE Chartered Institute of Stockbrokers (CIS) is on the move to get accreditation for some of its programmes as the National Universities Commission (NUC) has set up a four man Committee to mid-wife the implementation.