LAST week on this column we examined the future of Forte Oil Plc against some restructuring issues relating to its power sector businesses. The firm had suffered investor backlash in the Nigerian Stock Exchange despite its impressive full year 2017 and first quarter 2018 results. Many analysts had attributed the backlash to the difficulties the company was facing in its power business, a situation which forced it to begin divesting from the sector.

The economy has not been friendly, things have been very tough and prices are going up while income is coming down. I only pray the year ends well because even the landlords have doubled their rent, due to the Land Use charge by the Lagos State government.

Mr Oluwaseyi Abe, is immediate past President and Chairman of Governing Board of the Chartered Institute of Stockbrokers, CIS, and Managing Director/CEO, Magnartis Finance and Investments Limited. In this interview, Abe offers insights into current developments in the capital market, the state of economy in Nigeria and his stewardship at CIS among others.

FOLLOWING the depreciation of the naira to its lowest level in eight months last week, the Central Bank of Nigeria, CBN, will this week, increase intervention in the foreign exchange market and intensify liquidity mop up in the interbank money market, in a bid to forestall further depreciation of the nation’s currency.

AFRICAN insurers’ lose about N1.78 billion ($5 million) annually in premiums transferred to reinsurance companies abroad.