Generally speaking, it is never the numbers or figures that make the equities transaction market work but the people involved in the market make it work. Market makers are high networth folks who can put their resources together and push-up the capital market. Stock markets are not non-profit organizations staffed by social workers paid by the government to provide a public service. Brokers, specialists, and market makers don’t participate in the markets for their health. They trade only when they expect to make profits. Those profits are the price that investors and other traders pay in order to execute their orders when they want to trade. 

International Financial Reporting Standards (IFRS) represent a major change for the organisation. Change in not only the reporting of the financial results, but also changes in internal systems, business processes, performance management, external communication and more. Nigerian companies will begin reporting under IFRS standards as of January 1, 2012.

Development is the objective of every rational human being on earth and one of the cardinal goals of human existence. It includes among others sustainable improvement that yields the highest possible level of satisfaction and fulfillment as a person and a nation in general. In this piece, KAYODE OGUNWALE takes a look at the role of the capital market in the economic development of Nigeria.

The Debt Management Office (DMO) recently organised a retreat for financial journalists in Kaduna to intimate them of the activities of the office and the management of the nation’s debt .

THE management of Access Bank Plc, last week, notified the Nigerian Stock Exchange (NSE) of its intentions to completely divest from its non-banking subsidiaries, United Securities Limited and Access Investments and Securities Limited and integrate the operations of its Mortgage Banking subsidiary, Access Homes and Mortgages Limited into its Retail Banking Division.

DEUTSCHE Bank, a leading global investment bank with a strong private client’s franchise, is set to host over 300 financial analysts, bankers and investors at its annual banking workshop in Lagos.

RECENTLY, the Nigerian Stock Exchange (NSE) said it has completed a part of the multi-stage process for the selection of Chief Executive Officer (CEO) for the exchange and the name of the recommended candidate has been forwarded to the Securities and Exchange Commission (Sec) for approval.

NIGERIAN Bag Manufacturing Company Plc (Bagco) was established in Lagos in 1972 to provide quality sacks to support the industrial and agricultural market sectors of the Nigerian economy. Arising from this base, Northern Bag Manufacturing Company Limited (Bagco North) was established in Kano during 1990 to further increase the capacity of sack production and improves distribution.