Most of the brokers in the top 10 trade for international clients. This group of clients account for about 60-65 per cent of daily turnover which explains the reason these particular firms consistently occupy top 10 position. Investors/clients will typically do more business with the brokerage firms that can help them execute their orders timely and at the best possible price.

THE fraud in the Nigerian Banking Industry is becoming unprecedented. This is really sad when you have to wait for months on pending transactions, to even hope for a solution. I am terribly disappointed in GTBank. December 2016, I wanted to pay for Smile internet subscription but was not with my token.

FCMB is one of the banks which has continued to deepen its support to SMEs in Nigeria by disbursing over N3 billion to such businesses in the last 18 months. The development has led to an increase in the number of SME operators that have benefitted from the funding support of the bank across the country.

FIDELITY Bank Plc has said that an outstanding N56 million is left to be given out to its loyal customers in its on-going loyalty reward scheme, Get Alert in Millions Promo.

STANDARD Chartered said it plans to open seven more smart branches in Lagos over the next six months after it opened three of such branches in 2016. The smart branches complement the bank’s digital offering with additional choice and convenience, while aligning with its focus on supporting the rapid expansion of key cities across its global footprint in Africa, Asia and the Middle East.

THE stockbroking community has expressed optimism that the cloud enabled service being introduced by InfoTech Group called Marlin, will make their operations more seamless and cost efficient.

Linkage Assurance Plc has rolled out seven new products into the retail segment of the insurance market.

OVER a month after rejection of his application for approval as the Managing Director of Linkage Assurance Company Limited, the National Insurance Commission (NAICOM) has okayed Mr. Pius Apere as the substantive managing director of the insurance company.

THE National Insurance Commission (NAICOM) has assured that it would re-launch the Market Development and Restructuring Initiative (MDRI) and create more access to insurance service before the end of this year.

PRESSURES on the external sector seem persisting as outstanding foreign exchange demand on Forwards Contracts is now put at about USD4 billion despite several auctions by the Central Bank of Nigeria, CBN, to bring it down.