Amidst the country’s economic recovery phase and inability to raise long term capital from the Nigerian capital market, top 22 manufacturing companies listed across the sub sectors on the Nigerian Stock Exchange, NSE were constrained to borrow about N839.2 billion in expensive and short term loans from banks and other financial institutions to bridge funding gaps, in the nine months financial period ended September 30 (Q3’17), 2017.

David Adonri, Managing director/CEO, Highcap Securities  Limited, in this interview with Financial Vanguard, spoke on some actions taken by the apex regulator of the Nigerian capital market, investors’ confidence and his expectations on the third quarter corporate performance in 2017, among others. Excerpt

Following the bullish market witnessed last week in the Nigerian equities market, financial analysts have predicted that a mixed of profit takings and bargain hunting by investors will characterise the market this week.

THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications.

The Nigeria Deposit Insurance Corporation (NDIC) has called for restoration of banking services to the North Eastern zone of the country.