Afrinvest (West Africa) Limited, a Lagos based investment house, last weekend in London pushed for foreign investors refocus on Nigeria as it launched the 2017 Edition of the annual Banking Sector Report at the London Stock Exchange (LSE), heralding the call that Nigeria has reopened for business.

THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications.

ASSOCIATION of Bureaux De Change Operators of Nigeria (ABCON) in collaboration with the Nigeria Interbank Settlement System (NIBSS) has carried out a comprehensive sensitization of Bureaux de Change (BDCs) on usage and deployment of Bank Verification Number (BVN) Validation Portal provided by NIBBS.

BANK Customers    Association of Nigeria (BCAN) has faulted the move by the federal government to take possession of money in all the 15.3 million bank accounts yet to enrol for the Biometric Verification Number (BVN).

Alhaji, Gbadebo Olatokunbo, former National Publicity Secretary, Nigerian Shareholders Solidarity Association of Nigeria, NSSA, in this interview with Financial Vanguard, spoke on issues affecting the capital market as well as his expectations on quoted companies’ performance in the third quarter. Excerpt:

David Adonri, Managing director/ CEO, Highcap Securities Limited, in this interview with Financial Vanguard, spoke on some actions taken by the apex regulator of the Nigerian capital market, investors’ confidence and his expectations on the third quarter corporate performance in 2017, among others. Excerpt

Pursuant to the Securities and Exchange Commission’s (SEC) “No Objection”, the Board of Directors of the Central Securities Clearing System (CSCS) Plc has announced the appointment of Mr. Haruna Jalo-Waziri as the Managing Director/Chief Executive Officer of the company effective November 01, 2017.

THERE are indications that mixed sentiments would rule the equities market this week as more companies are expected to turn-in third quarter, 2017 (Q3’17)/ nine-month (9M’17) financial results showing mixed performances in line with most of them already announced in the past two weeks. Index valuation may even open the week negative.

UNITY Bank Plc has released its unaudited results for the third quarter, Q3, 2017 financial year, which showed marginal growth in earnings to N65.03 billion. The bank in its statement to the Nigerian Stock Exchange, NSE posted gross earnings of N65.03bn and a pre-tax profit of N2.7billion.

STRONG indications have emerged that the growth of the Africa’s Reinsurance Market may hit record high in 2018.

Unclaimed dividend is the property of retail shareholders and becomes the property of the company that paid it after 12 years period that the shareholders could not claim it as stipulated by law.

Despite the headwinds of currency volatility and inflationary strains in Nigeria and other countries in the continent’s insurance business, foreign reinsurers are falling over themselves to get business from the African markets.

THE intense scarcity of funds that  gripped the interbank money market last week will persist this week as the Debt Management Office (DMO) issues N100 billion worth of FGN Bond.

StarTimes has already shown their worth in the past seven years, changing a lot in the pay-television market. For example I can still remember in 2010 when StarTimes just launched in Nigeria, if you want to buy a competitor’s decoder you have to pay N27,000. During this period the exchange rate was just about N120 to one dollar. Today, 2017, seven years later, the exchange rate has gone up to N360.

I EXPECT the third quarter (Q3:17) performance of companies quoted on the Nigerian Stock Exchange, NSE, to be better than the corresponding period in 2016. You know there was economic recession during that period, but Nigeria exited in June this year.