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INVESTORS SPEAK: Encounters with stockbrokers and registrars

David Oso: Some of the brokers are very fraudulent in their operations and dealings. For instance, few years back when I planned to buy shares for my granddaughter, I gave money to my broker but for several months, he failed to issue me a receipt for the shares. In fact I pressurized him for countless numbers of times, and even at a point threatened him before I was given receipt for the shares of my granddaughter shares.

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Legal requirements for establishing companies

A lot of people do business, but they don’t have a company. They are two different things. A company is an organisation legally registered, according to the laws, with the government to do specific types of business activity. Hence, before the law and the authorities of the land, a company exists like a person. It can be sued and it can sue. It can also access benefits or services of other organisations like banks and supply companies.

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Top 10 performing stocks

The shares of the following ten companies recorded the highest gains last week. These are PZ Cusson Nigeria Plc, UACN Plc, Forte Oil Plc, Cement Company of Northern Nigeria Plc (CCNN), BOC Gas Plc, A.G Leventis Plc, UBA Plc, Neimeth International Pharmaceuticals Plc and Glaxosmithkline Nigeria Plc.

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STOCKS IN THE NEWS: Union Homes

Over the past few years, Union Homes Savings and Loans has been experiencing downward fortune apparently due to low patronage of mortgage products by the Nigerian public. The company’s audited 2011 financial statement released to the investing public last week showed that Union Homes recorded significant losses in all measurement parameter except for share of profit accruing to the company from associated entities as well as income from investment. Stockbrokers said that the result may be a pointer that the company is grappling with managerial crisis.

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Conflict resolution in the capital market: Where to go

In the first part of this article,we established that conflict is part of human life, and it occurs in every human activity. The most important thing is that there are laid down rules or procedures to ensure that whenever they occur, conflicts are quickly resolved. In the capital market, conflicts also occur, between operators and investors, and amongst operators. However, to sustain and enhance investors’ confidence, such conflict must be resolve promptly.

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