By BABAJIDE KOMOLAFE The objective of the National Investors Protection Fund (NIPF) being proposed by the Securities and Exchange Commission (SEC) is to provide compensation to some class of investors when they suffer loss due to fraud or insolvency of some specified capital market operators. In addition to some of the weaknesses in the guidelines […]

By WILLIAM JIMOH ASSET Management Corporation of Nigeria (AMCON) established on July 19, 2010, following the signing of the AMCON Act into Law by President of the Federal Republic of Nigeria, was created to be a key stabilising and re-vitalising tool to revive the financial system by efficiently resolving the non-performing loan assets of the […]

The last edition recommended that there should be one Investors’ Protection Fund (IPF) in the capital market, instead of the multiplicity of such fund as implied in the Exposure Draft Guidelines on the National Investors Protection Fund (NIPF) being promoted by the Securities and Exchange Commission (SEC). The article also recommended that existing IPFs and those in the pipeline should be suspended or absolved by the SEC sponsored NIPF.

The last edition recommended that there should be one Investors’ Protection Fund (IPF) in the capital market, instead of the multiplicity of such fund as implied in the Exposure Draft Guidelines on the National Investors Protection Fund (NIPF) being promoted by the Securities and Exchange Commission (SEC). The article also recommended that existing IPFs and those in the pipeline should be suspended or absolved by the SEC sponsored NIPF.

On the list of top 10 performing stocks last week were Conoil Plc, Eterna Plc, Caverton Offshore Support Group Plc, United Bank for Africa (UBA), P.Z Cusson Plc and Airline Services and Logistics Plc.

Others were Prestige Assurance Plc, Neimeth Pharmaceutical Plc, West African Provincial Insurance Plc and Custodian and Allied Plc.