On the top 10 performing stocks last week were shares of UAC of Nigeria Plc. Union Bank of Nigeria Plc, Julius Berger Nig. Plc, Access Bank of Nigeria Plc, Ikeja Hotels Plc, and Chemical and Allied Products, CAP Plc.

Securities and Exchange Commission SEC, the apex regulatory agency of the Nigerian capital market, stepped up efforts for the demutualisation of The Nigerian Stock Exchange (NSE), when it issued “Exposure draft rules on demutualisation of exchanges in Nigeria.”

Last week’s article concluded the series on “You can Invest”. Expectedly the series generated some reactions from readers in the form of questions and comments. A few of the questions and our responses are presented below for the benefit of other readers.

SEC has come up with a new rule that dividend would be returned to the company to start up a new business outside its original business after one year of release without claim from shareholders. In continuation from last week’s edition, shareholders disapprove of such rule. They further argued that registrars also constitute a major challenge to the issue of dividend collection. This is because they do not effect change of address received from shareholders among others.

There are people that know they need to invest but they are afraid of losing money. The fear is fuelled by stories of friends, relatives or colleagues who had lost money in one investment or the other. But there are also stories of people who invested and did not lose money. To achieve this, all you need to do is observe the five basic laws of money.

SEC has come up with a new rule that dividend would be returned to the company to start up a new business outside its original business after one year of release without claim from shareholders. In this interview, shareholders disapprove of such rule. They argue that companies do not release the dividend warrant until after four months and that the dividend warrant would also go through other processes, therefore the directive cannot work unless the Companies and Allied Matters Act is ammended.

On the top 10 performing stocks were the shares of Airline Services and Logistics, ASL Plc, Seplat Petroleum Development Company plc, Cadbury Nig. Plc, Okomu Oil Palm Co. Plc, Cement Company of Northern Nigeria, CCNN Plc and Vitafoam Nig. Plc.

“Money is lost when invested in things you are not familiar with”. This is the fourth basic law of money, according to the Richest Man in Babylon. It is also the reason why many people lose money in investment. It appears simple, but unfortunately, it is often ignored or taken for granted by investors.

On the top 10 performing stocks last week were the shares of R.T Briscoe Plc, Dangote Flour Mills Plc, UACN Property Development Plc, Ikeja Hotels Plc, Champion Breweries Plc and National Salt Company of Nigeria (NASCON) Plc.

It is possible to invest and not lose money. Examples abound of people who invested and did not lose money; hence the fear of losing money is not a justifiable reason for not investing.