AIICO Insurance Plc, Guaranty Trust Bank Plc, Stanbic IBTC Holdings Plc, FBN Holdings Plc, Nigerian Breweries Plc and 7up Bottling Company Plc were some of the stocks that benefited from investors patronage last week to make it to the top 10 performers list.

Oil producers from Africa to the Americas have a growing opportunity to supply crude to the Asia-Pacific, as the region’s output stagnates and massive refining capacity comes online in China and India. Asian refiners import – mostly from the Middle East – more than twice the volume of crude produced regionally, and have been taking more shipments from West Africa since 2009.

BETWEEN 1994 and 2006, about 48 banks ceased to exist for sundry reasons. Some of the people that had money in these banks, assumed that their money died with the banks. It is not so. Part of their deposits were insured by the Nigeria Deposit Insurance Corporation (NDIC). In the last two editions, we explained how deposit insurance works, the maximum insured deposit, liquidation dividend.

AS the set time for the actualisation of the Nigerian Stock Exchange, NSE, $1 trillion market capitalisation approaches, capital market operators have advised the management of the Exchange to intensify efforts of wooing companies in the upstream and downstream oil and gas and telecommunication sectors to list.

THE Federal Government has threatened to sanction a Chinese Company, CBEA of China, the manufacturer of the 150MVA transformer that caught fire at Oshogbo Transmission Region, in Osun State, if investigations showed that the product was substandard.