The Chairman, Association of Stockbroking Houses of Nigeria, ASHON, Chief Patrick Ezeagu in this interview explained the significance of the Approval- in- Principle recently granted for the commencement of Lagos Commodities and Futures Exchange, LCFE, by the Securities and Exchange Commission, SEC. He also spoke on privatisation of public entities, mutual fund trading platform among others.

HEAVY losses in the banking stocks undermined the performance of the stock market, leading to loss of 0.31 percent in the All Share Index, ASI, last week.

HERITAGE Bank Plc has joined the world to mark the Global Money Week (GMW) with series of educational programmes targeted at tutoring children on the importance of financial literacy, whilst promoting savings, drive financial inclusion, invariably gain a higher standard of life and attain secured economy.

FRESH facts have emerged that seven companies may face the hammer of the Nigerian Stock Exchange, NSE, before the end of the year. Eighteen companies already have flawed the Exchange’s posting listing requirement with regards to free float of shares to the investing public.

INVESTORS demand for  Federal Government bonds  is expected to  intensify this week leading to further drop in yields amidst inflow of N153 billion into the interbank money market.

THE International Monetary Fund (IMF) has said that Nigeria and other countries outside the Organisation for Economic Co-operation and Development (OECD) group lostabout $200 billion annually due to unfair global corporate tax system exploited by companies to shift profits to low-tax location.

The Tony Elumelu Foundation (TEF) has selected 3,050 African entrepreneurs, drawn from all 54 African countries, to join the 5th cycle of its $100 million TEF Entrepreneurship Programme this year.

ABUJA—At the end of its monthly meeting, yesterday,  the Federation Accounts Allocation Committee, FAAC, shared N619.857billion to the three tiers of government as revenue generated for the month of February 2019, but shared in March 2019.

THE Securities and Exchange Commission, SEC, has said that plans are under-way to amend the rules on margin lending and resume activity in that space.

Microfinance Bank operators in the country have commended the Central Bank of Nigeria, CBN, for reviewing the minimum capital requirement for the industry as well as the extension of the recapitalisation deadline.

SUNU Assurance Plc has disclosed its intention to explore retail market in the country in order to enhance value for its stakeholders.

IN a bid to encourage savings culture and support the Central Bank of Nigeria’s financial inclusion strategy, Fidelity Bank has given out N12 million cash prizes and 18 consolation prizes to 30 customers in the fifth draw of its Get Alert in Millions (GAIM) season three promo.

THE Nigerian Interbank Settlement System, NIBSS, and banks have agreed to implement real time reversals by Point of Sale, PoS, terminals effective from next month.

IN spite of the two months consecutive decline in inflation rate, improved stability of the exchange rate and decline interest rate on fixed income instruments, the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, is expected to retain the Monetary Policy Rate, MPR, and other benchmark rates at same level at the end of its 266th meeting holding today and tomorrow.

ONLINE savings accounts are accounts offered by financial technology companies (FinTechs). Compare to savings accounts offered by deposit money banks, online savings accounts require less documentation and offer fast account opening processes.