Shareholders under the aegis of Renaissance Shareholders Association have petitioned the Securities and Exchange Commission, SEC, over planned share cancellation and delisting of IHS Nigeria Plc from the Nigerian Stock Exchange, NSE, calling on the commission to halt the process until some outstanding issues are settled.

Stakeholders in the Nigerian capital market are divided over the penalties imposed by the Securities and Exchange Commission on Sterling Registrar over its role in the unlawful allotment of Japaul Oil and Maritime Services Plc’s shares.

Often time people engage in all sort of shady deals and call it business. This should not be, because any act/trade that is not genuine and is to the detriment of others cannot be called a business, especially if it doesn’t fall within the confines of the law or is aimed at getting profit wrongly. Some of these wrong businesses include, money laundering (government officials), abuse of office, stealing, defrauding, internet scam otherwise known as yahoo-yahoo, 419 and a host of others.

One of the biggest problems Presidents and Prime Ministers face, virtually all the time, is who to believe among their Ministers and Advisers – especially those who are recruited from international organisations. President Ibrahim Babangida, IBB, had nothing less than four Nigerian economists who had worked for the World Bank before coming on board to help midwife the Structural Adjustment Programme, SAP, which was later to give his administration, the bad name it has failed to shed till today.

Nigeria’s sugar market of over 165 million consumers and opportunities for high returns on investment have attracted $2.570 million (about N398, 350,000,000) investment from local and international investors. The investment represents funds expended to expand production capacity to meet current and future consumption.

Upon completing his primary school education in Ibadan and secondary school in Kings College, Lagos, Ighodalo, who is a fellow of the Institute of Chartered Accountants of Nigeria, fellow of the Chartered Institute of Taxation and a member of the Nigerian Institute of Management, went on to the International School, University of Ibadan for his A-Levels.

First City Monument Bank Plc has raised $150 million loan from the international investing community, for on-lending to critical sectors of the economy. The loan will help the bank boost its interest earning capacity in the 2014 operating year. The unaudited nine months results of the bank ending September 30th 2013 show that the bank earned N41.1 billion net interest income, and net interest margin of 7.8 per cent , which translated to 7.8 kobo interest on every N1 of loan granted.

The management of Sovereign Trust Insurance Plc, STI, has announced the reorganization of its operations for the year in its bid to continually deliver optimal service and enhance its operational efficiency.

The Director-General of the Securities and Exchange Commission, SEC, Ms. Arunma Oteh, has said that the recovery being witnessed in the capital market is an outcome of the commission’s reforms and zero-tolerance for corrupt practices.

Director-General, West African Monetary Institute, WAMI, Mr. Abwaku Englama, has called for financial integration of the West African Monetary Zone, WAMZ.

Efforts of the Nigeria Customs Service to meet its annual revenue target and ensure efficient port operations are being threatened by frequent breakdown of its information technology system.

Impressive progress in agricultural science and food production has helped significantly in feeding the world’s growing population over the past 30 years.

Operators in the maritime industry have accused the management of the Nigerian Ports Authority, NPA, of neglecting their interest, even as they expressed confidence in the proposed move by the Federal Government to make the Nigerian Shippers Council, NSC, the commercial regulator for port operations.

As the tidal wave of global central bank liquidity recedes in 2014, emerging market investors are growing more anxious about local political risks and how to spot them early on.

THE Federal Government has expressed concern over the poor implementation of its fiscal and trade policies particularly implementation of port policies with regards to cargo clearance.