WE are happy that domestic retail investors are returning. This is because of what we see in the economy now. The government has shown that it has become more committed in improving the economy through the ease of doing business policy that they just put in place. Also, we have seen the recent improvement in liquidity via-a-viz the continuous reduction in inflationary pressure and monetary policy improvement. So, we are very glad when all these things are happening.

The issue is that of multiple taxation on individual investors is worrisome because whenever a company declares dividend, before it gets to you, they will deduct 10 percent withholding tax and this is after the government must have taxed the company’s profit.

Lagos— The African Export-Import Bank’s (Afreximbank)  met in Lagos Tuesday with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering, for which it is using depositary receipts backed by its Class “D” shares.

The latest telecom brand, 9Mobile, has said it was open to new investors after dropping old brand name, Etisalat Nigeria.

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday called for the globalisation of the nation’s economy to attract more foreign investors in the country.

The drive by the present administration to ease the burden of doing business in Nigeria may suffer a serious setback due to a major deficiency in communication flow between government agencies and foreign investors who may want to conduct enquiries before making up their minds on whether or not to invest in the country.

The Nigeria Immigration Service (NIS) has urged foreign investors and companies willing to apply for the new Visa on Arrival (VoA) facility to always do so through the NIS online platform.

At the backdrop of a lack-luster performance of equities in the first quarter 2017 (Q1’17) there seems to be a recovery in the last month of the quarter, as stock market review for the period indicated that investors recorded N114 billion gains at the end of March. The market lost N330 billion in Q1’17.

AHEAD of of the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on interest rate, fiscal and monetay policy authorities have moved to bridge gaps between them on monetary policy rate direction against the need to stimulate economnic growth and curtail inflation.

THE stock market opened the week on a downward note yesterday as investors lost N3 billion on account of losses sustained by most blue chip companies.

Investors in the Nigerian stock market, yesterday, lost N4.9 billion as sustained profit taking in oil and gas stocks drag down the Nigerian Stock Exchange, NSE All share index by five bases points, bps.

Despite the unchanged Monetary Policy Rate, MPR by the Central Bank of Nigeria, CBN , investors in the Nigerian stock market, last week gained over N140 billion from their investment in shares as the Nigerian Stock Exchange, NSE market capitalisation rose from N9.563 trillion at the beginning of trading week to close last Friday at N9.703 trillion.

The NSE market capitalisation which represents the total value of equities traded on the NSE dropped marginally by 0.07 per cent to close trading at N9.563 trillion from N9.570 trillion it closed last week Friday, %, while the Year-to-Date return stood at -2.80 per cent

Wading through the bearish market sentiment for most trading days in 2016, investors have amply rewarded good performance in Presco Plc.
The company had turned in impressive first half 2016, H1’16, results on July 29, 2016 with stellar performance in both topline and bottomline. Consequently, the market rewarded the stock with almost 5.0 per cent gains in the first post-result trading day.

LAGOS— Despite its huge borrowings and high finance cost in the last two years, Oando Plc has assured its investors return to profitability.