ABUJA—AFTER many years of legal fireworks, the United Kingdom has given the final clearance for Nigeria to draw down a whopping $85 million seized from entities embroiled in the controversial Malabu Oil scam.

Since the capital market meltdown of 2008, the Nigerian Stock Exchange, NSE, has come up with various initiatives in terms of technological development to advance the market in keeping with international best standard. In this interview,Mr. Charles Fakrogha, Stockbroker/Chief Relationship Officer with Foresight Securities & Investment Limited, highlighted some of such initiatives and how they have helped in advancing the market. Excerpts

AS part of the final preparation for the commencement of operation of the Lagos Commodity and Futures Exchange,   LCFE, the Association of Stockbroking Houses of Nigeria (ASHON)     has completed strategic arrangement   with Central Securities Clearing System (CSCS) Plc   on clearing and settlement services.

FIDELITY Bank has empowered 26 customers with N34 million including 33 consolation prizes through  its ‘Get Alert in Millions Reloaded’ promo.

FINANCIAL analysts have expressed divergent positions in their forecasts on equities market performance this week on the Nigerian Stock Exchange, NSE.

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

SKYE Bank Plc, one of  Nigeria’s leading retail commercial banks and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State.

THE amount of idle cash (excess liquidity) in the interbank money market may cross the N1 trillion mark this week following the upsurge in market liquidity last week, which caused cost of funds to fall to the lowest level this year. 

INVESTORS appetite for the newly introduced Federal Government of Nigeria, FGN, Savings Bond (FGN-SB or Savings Bond) has eroded by 88 percent as at November, 2017. But the Debt Management Office (DMO), the issuers of the bond, and market analysts are divided over the performance. 

WORLDREMIT has raised $40million to drive its next phase of global growth, aiming to serve 10 million customers connected to Nigeria and other emerging markets.