TOTAL Nigeria Plc has assured its shareholders of improved performance in 2017, as it re-strategises to consolidate in the downstream petroleum sector.

FORTE Oil Plc has disclosed plans to raise N20 billion capital by way of equity out of the N100 billion approved by the shareholders at its Annual General Meeting, AGM, to boost its operations.

INDICATIONS have shown that the equity market will receive further boost this week as expectation of economic recovery continues to heighten given the bullish trend recorded in recent weeks.

THE unprecedented bullish run that prevailed in the equities market for most part of last month (May), especially at the later part of the month that saw the equities capitalisation gallop to over N10 trillion mark has resulted in huge N1.29 trillion gains to investors.

THE nation’s external reserve recorded its second monthly decline of $535 million last month. This came as the Central Bank of Nigeria (CBN) had intervened in the foreign exchange market by selling $6.84 billion from January to last month.

IN a bid to arm investors and the general public with more knowledge of the workability of the stock market, the Nigerian Stock Exchange, NSE, has launched a knowledge-based platform, X-Academy, to provide education services to individuals that want to gain a better understanding of various aspects of the capital market.

AS part of effort to addressing the lull in the Nigerian capital market occasioned by the economic recession, the Chartered Institute of Stockbrokers, CIS, said it will engage the Minister of Finance and the Securities and Exchange Commission, SEC, on the 10-year Capital Market Master Plan (CMMP) in order to make the market more attractive to investors.

THE World Bank has expressed its willingness to support the Office of the Auditor-General for the Federation (OAuGF) in the drive to enthrone accountability and transparency in Nigeria by ensuring timely, speedy and successful completion of the public accountability process.

The truth of the matter is that those companies that are listed in the ASeM are more like moribund. They are not active in terms of releasing their results. What the alternative market is supposed to be is the stepping stone to the main market. A company that is aiming to go to the Main Board will first be listed there, and after it has demonstrated some level of competence, it will be graduated to the main market, but that is not the case in our country. If you look at it, for the last three to four years, no single company has moved from the alternative market. Rather, the companies will want to jump from the starting point to the main broad.

STERLING Bank Plc and LEAP Africa have commenced partnership to enhance capacity of young chief executive officers in small and medium enterprises (SME) sector