Investors from six Latin American & Caribbean countries have called on the Nigeria Investment Promotion Commission (NIPC) to give them the opportunity to invest in Nigeria.

Fourty-nine stocks depreciated in price during the week, lower than the 58 of the preceding week. Guinness Nigeria Plc led on the price losers’ table, dropping by N10.13 or 5 per cent to close at N192.62 per share, Oando Plc followed with a loss of N3.00 or 4.29 per cent to close at N67.00 per share and Unilever Nigeria Plc dipped by 2.46 or 8.2 per cent to close at N27.54 per share.

Activities in the stock market crawled last week as market indicators for measuring performance indices, the market capitalisation and the All- Share Index declined by 0.17 per cent each.

Scarcity of funds intensified in the interbank money market last week as the market experienced outflow of about N200 billion which countered the effect of the N285 billion inflows from statutory allocations.

Banks’ debtors have devised new tactics to avoid repayment, a development generating concerns in the industry.

Woolworths Holdings Ltd., a South African food and clothing retailer, is considering opportunities in Nigeria, Mauritius and Angola, as it seeks to increase income from outside its home market.

An expert in the housing sector, Mr Timothy Nubi, says housing finance has not developed enough to drive housing delivery in the country.

The world’s major economies were split down the middle on Friday over how to measure imbalances in the global economy in a bid to avert future financial crises, Japan’s Finance Minister said.

Two weeks ago, the Food and Agricultural Organisation, an agency of the United Nations, raised alarm that Nigeria, Morocco and Bangladesh face imminent food crisis.

Wema Bank is leveraging on the gains from the recently concluded transformation process to render quality services to members of the banking public.