Speaking at the bond listing ceremony in Lagos, the Chief Executive Officer, FMDQ OTC Plc, Bola Onadele, said that the listing would go a long way to deepening the nation’s capital market.

The first part of this article which appeared two weeks ago generated many comments and reactions from readers online. However many of them missed the point and the objective of the series on the Savannah bank saga.

The suffering of depositors of Savannah Bank is aptly reflected in the email received from one of our readers, Izuchukwu Emmanuel. “Please I was very optimistic to read your repor , when I saw the headline on your firm’s online page. Please I want to know if there is any hope that the bank will to re-open for business. My late dad had an account with the bank and my mum is suffering from financial burdens since the demise of my dad. Please keep me informed if there is any. Thanks.”

We therefore suggest that the incoming administration should appoint a steering committee to revisit some policies taken by Central Bank of Nigeria, CBN, Securities and Exchange Commission, SEC, and Financial Regulatory Council, FRC with a view to reversing some and strengthen the market with formidable recommendations by experts drawn from stakeholders.”

We commend the appointment of Gwarzo as the Director General of the SEC . We believe he is experienced and qualified for the position given his records. The incoming government has to embark on major reforms, that are based on due process in the capital market. There should be discipline among the stockbrokers and the process of recapitalisation must be carried out among the stockbrokers.

Beta Glass Company Plc in the Packaging /Container sub sector on the Nigerian Stock Exchange, NSE led the top ten gainers chart last week ending Friday 15thMay 2015, rising by 10 per cent to close at N33.00 per share from N30 per share penultimate week. Beta Glass Company Plc has proposed a dividend of 62 kobo per share to its shareholders for the financial year end of 2014 as the closing date for its register has been fixed for 12thJune, 2015.

Mr. Adebayo Adeleke of Independent Shareholders Association of Nigeria ISAN : When the CBN says 20 per cent and they are locking up the money, banks don’t have access to it, neither are they paying any form of interest on it. It is a double jeopardy situation for the banks because banks are paying to NDIC for insuring the same fund over everybody that has deposited. So when the owner of that money comes, the bank is meant to pay the owner interest on the whole sum, while 20 percent is held by CBN.

Transnational Corporation of Nigeria , Trascorp Plc has recorded gross earnings of N41.3 billion for the financial year ended December 31, 2014. In his address to shareholders duriiing the 9th Annual General Meeting, AGM , Chairman of the Board of Directors , Mr. Tony O. Elumelu, highlighted the operational excellence that has guided Transcorp’s turnaround from takeover in 2010, to increased performance in the year under review indicated that gross earnings increased from N18.8 billion to N41.3 billion , a reflection of the first full year of earnings from the power business.

Dangote Cement Plc led the top ten most active stocks last week. The shares of the company rose by N9.50, representing 5. 4 per cent increase. Specifically, Dangote Cement shares which opened penultimate Thursday at N175.00 closed last week Thursday at N184.70 per share.

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, explains how e-dividend work and its benefits over paper dividend.