The Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema said the Nigerian Capital market is undergoing a transformation process that will strategically position it to play a major role in the African continent, especially in attracting investment from investors, locally and globally.

A coalition of shareholders’ associations in the country, numbering 25, have expressed their willingness to endorse the recapitalisation processes of all the rescued banks and their merger and acquisition deals in their respective banks’ soon-to-be-conducted Extraordinary General Meeting (EGMs).

Some Concessionaires operating in the nation’s seaports risks revocation of their concession agreement as the Federal Government has concluded plans carry out a review of their performance.

The Association of Shipbrokers and Consultants (ASBC) has joined the league of maritime trade groups with a view to standardizing the modus operandi of the ship brokerage sub-sector of the maritime industry.

The Nigeria Customs Service, NCS, and other maritime stakeholders led by Mr Lucky Amiwero, President of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, have moved the concession of the single window cargo clearance project.

A sharp decline in bad debts propelled South Africa’s FirstRand to a 22 percent jump in full-year profit, the latest sign banks in Africa’s top economy are recovering from a recession-driven credit strain.

The Minister of State for Trade and Investment, Dr Samuel Ortom,has reiterated the Federal Government’s commitment to giving necessary support to potential investors in the country. Ortom gave the assurance when he received Mr Romeo Barberopoulos, Chairman, Export Promotion Group of the Manufacturing Association of Nigeria (MAN) in his office in Abuja.

The CBN governor, Malam Sanusi Lamido Sanusi, said on Wednesday in Abuja that financial institutions in the country must effectively play their roles to ensure full implementation of the Financial System Strategy 2020.

In the face of growing acts of terrorism in the country, insurance practitioners are now seeing individuals whose source of wealth and acquisition cannot be easily verified as high risk clients.

Central Bank of Nigeria, CBN and some banks in the country have constituted a committee for the design of sustainable lending principles for the banking industry, aimed at environmental protection, social well-being and economic prosperity.