AT the close of business on Wednesday September 30th, 3015, some stockbrokers and other capital market operators lost their licence to operate in the market.

This was due to their inability to comply with the new minimum capital market requirement stipulated by the Securities and Exchange Commission (SEC).

THE Federal Government has entered into a partnership with an original equipment manufacturer, OEM, TE Connectivity, to cut down on technical losses in the electricity sector and boost Nigeria’s quest for the attainment of 20,000 megawatts by 2020.

Hope of seeing a rebound of oil price from its current low level may not materialise soon, as the Organisation of the Petroleum Exporting Countries, OPEC, has predicted that the price will not rise untill 2017.b

The top 10 performing stocks last week were the shares of Unity Bank Plc, Cutix Plc, Champion Breweries Plc, Glaxosmithkline Plc, Neimeth Plc and A.G Leventis Plc. Others were United Bank for Africa (UBA) Plc, NASCON Allied Industries plc, Beta Glass Company Plc and Unilever Nigeria Plc.

FIDELITY Bank Plc’s on-going promotional campaign, tagged ‘Save 4 Shelter’ promo has produced first set of winners.

A total of 21 customers drawn from the six geographical zones of the country won different cash prizes and consolation prizes of six refrigerators and generators sets at the first draw conducted at the bank’s head office in Lagos.

RESIDENTS and corporate bodies within the Ikeja Distribution Company, DISCO, are in for a good bargain as the Ikeja Electric, said it is rolling out 12,000 free meters from October.

The only thing that can encourage entrepreneurs to come and list their companies on the Nigerian Stock Exchange (NSE) is to give incentives and tax holiday, said Shareholders. Stockbrokers have identified entrepreneurs participation in the capital market as a key to boosting activities and repositioning the market for global competitiveness. As the stockbrokers clamoured, they also maintained that the capital market cannot do without the participation of the entrepreneurs who have the capacity to bring their companies for listing on the stock exchanges.

The Federal Government, Monday, threatened to cut gas supply to Ghana’s power plants 100 million Ghanaian cedi indebtedness.

The Nigerian National Petroleum Corporation, NNPC, yesterday, debunked reports that the pump price of Premium Motor Spirit, also known as petrol has been reduced to N57 per liter.

Weekly activities on the Nigerian Stock Exchange (NSE) opened on a positive note on Monday with the market capitalisation appreciating by N22 billion.