We are now calling on the judiciary that in order to restore investor confidence and as part of their continued contribution to the growth of the market, capital market related cases should be dispensed with speedily.” Igbrude, who is also the Chairman of “Consumer Rights Awareness Advancement & Advocacy Initiative ((CRAAAI), added that the judiciary should discourage the issuance of orders to capital market operators, who, after violating rules, will then run to the courts for cover.

I remain confident that this unit is the flagship and future of our business and all efforts shall be made to unlock its full potential, he said. He pointed out that the year under review was created by uncertainties arising from insecurity to tightening of monetary policy by the CBN which left commercial activities paralysed especially in the north-central and north-east geopolitical zones where companies including vitafoam distributors have been displaced and left adrift.

With the introduction of GSM communication, Nigeria has continuously witnessed increased adoption of mobile technology in all spheres of life. From its use in agriculture to financial services, mobile technology has proved indispensable in many great ways. According to a recent study, mobile penetration in sub-Saharan Africa is expected to increase from 52 per cent in 2012 to 79 per cent in 2020.

DRINKS.ng has launched Nigeria’s first catalogue for wine products to help drink lovers to make an informed choice from the arrays of alcohol and non-alcoholic beverages available in their store. The catalogue detailed the differences between beer, spirits, brandy and wines.

It’s interesting to note that despite increased pay-tv subscription in Nigeria, the sector is still expanding in the face of complaints by subscribers. The pay-tv market is actually growing in Nigeria. ABI Research had forecasted that global pay-tv subscribers will reach 858.1 million in 2012,that was a 5 percent annual increment from 2011, a number that has been surpassed.