In last week’s article, “Dollar Reserves: Who Owns What?” we endeavoured to lift the shroud over the amorphous concept of Nigeria’s foreign reserves. Incidentally, the Senate has lately in consonance with our position, also frowned at the illegality of the component of the reserves defined as excess crude account! (See Daily Independent headline of 23/10/2009, “Sharing of $2bn Excess Crude Fund Illegal – Senate”).

Insurers across the African Continent are bracing up to venture into the the delicate and risky business of political insurance as a means of curbing the huge loses associated with political violence, terrorism acts and internal war.

Shareholders have seen the current price of Union Bank of Nigeria Plc shares as a very good buy opportunity given the growth potential in the financial conglomerate.

Driven by substantial improvement on the share prices of majority of the listed equities, the value of listed equities on the Nigeria Stock Exchange (NSE), last week, rose by N152.80 billion.

Investors, market regulators, and market participants have learnt many lessons since 2007 about the relationships and interconnected nature of financial markets across the world. The near collapse of the global financial markets and the ripple effects that are still reverberating across our markets is one of the burdens that investors are still attempting to come to grips with.