THE depreciation of the naira in the parallel market and the Investors and Exporters (I&E) window last week is expected to persist this week, even as the nation’s external reserves maintained its downward trend falling by $955 million in the first ten days of October.

It is just as well that Lagos Deep Offshore Logistics, LADOL and Samsung Heavy Industries, SHI, have chosen to take their trade dispute to both the court of law and the court of public opinion.

IN a move to impact positively on the Nigerian financial market and entire economy, Association of Stockbroking Houses of Nigeria, ASHON, has moved for the abolition of contract stamp duty in the nation’s capital market as well as a new regime of fees for stockbrokers.

THE insurance industry in the first half, H’1, of 2018 witnessed marginal decline in profit occasioned by declining purchasing power of Nigerians coupled with increasing cost of living and cost of doing business. Analysts who spoke to Financial Vanguard said that as cost of doing business continues to mount, topline tends not to be growing at the same rate, putting pressure on the bottom-line.

Acting Director General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has assured investors in the Capital Market that there is nothing to fear on the performance of the stock market as the 2019 election approaches. 

THE Nigerian Stock Exchange, NSE, has expressed concern for corporate governance and tax reforms that affects quoted entities on the Nigerian Stock Exchange, NSE.

FIDELITY Bank Plc has  unveiled a novel account opening initiative, as well as launched a new savings promotion campaign aimed at rewarding new and existing customers of the bank. The new account opening initiative, the first of its kind in the Nigerian banking industry, enables members of the public to open online savings accounts through a Quick Response (QR) code which can be scanned from any of the promotional materials such as roll up banners, fliers, posters and newspaper adverts.

INVESTMENT analysts in the capital market have said that the negative sentiment that has pervaded the equities market for greater part of this year may continue despite expectation of release of quarter three, Q3, corporate earnings by quoted companies.

GROUP Managing Director of Access Bank, Herbert Wigwe, has re-emphasized the Bank’s commitment to improving banking practices in Nigeria and Africa by leveraging massively on technology.

AS 12 banks record marginal growth of 0.02 percent to N920.4 billion from N920.2 billion in H1’17, stakeholders and operators in the capital market have frowned at the low interest income recorded by leading banks in the  first half of 2018 (HI’18).

THE Nigerian stock market closed last week on a negative note making it four days of straight losses since the beginning of the month, with investors losing N1.8 trillion of their investment Year to Date, YtD.

THE Nigerian Stock Exchange, NSE, has commenced move towards introducing electronic-Initial Public Offering, e-IPO, in the Nigerian capital market, just as stock broking firms were charged to adopt technology in their services to clients to boost market participation.

INSURERS have decried the multiple taxation being imposed on them, saying that it would continue to pose a threat to the well-being of the industry.

THE Group Managing Director/CEO of Polaris Bank Limited, Mr. Tokunbo Abiru, has stressed the importance of staff training as the bedrock of a strong banking sector and for institutions building.

COST of funds in the interbank money market is expected to fall this week in contrast to the 150 basis points (bpts) increase recorded last week, occasioned by liquid mop up by the Central Bank of Nigeria (CBN).