Core Investors Buy into Wema Bank

Core Investors Buy into Wema Bank

April 22nd, 2009

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The Securities and Exchange Commission (SEC) announced on its website that it had granted approval to the divestment of 2,700,000,000 ordinary shares of Wema Bank Plc to a core investor, SW8 Investment Ltd on April 1, 2009. According to SEC, the shares being divested represent 26.50% of the current issued and fully paid share capital of the bank. An agreement was earlier reached in August 2008 between the Commission, Central Bank of Nigeria, NDIC, Wema Bank and Odua Group that the Board and Management of Wema Bank shall, under the supervision of SEC, dispose of the warehoused shares of Wema Bank about (2.7 billion shares) in a transparent manner in order to improve the bank’s liquidity position and correct the irregularities in earlier sale of the shares.

Wema Bank Plc was incorporated in May 1945 as a private limited liability company and commenced business operations as a commercial bank in the same year. The Bank was converted to a public limited liability company in April 1987 and was subsequently listed on the floor of the Nigerian Stock Exchange in January 1990. On February 5, 2001, the Central Bank of Nigeria granted a Universal Banking Licence to the Bank, thus allowing the Bank to undertake a wide range of financial services to its numerous customers across the country. The Bank has witnessed tremendous growth and development in branch network, quality of service delivery and overall financial performance in the last two decades.

Meridian Technologies Ltd

• Apr 9,2009 by Careers Nigeria

Meridian Technologies Ltd. is a mega IT Training, Certification, Testing, Networking and Security Solutions Company based in Lagos.

It represents Aptech Computer Education in Lagos and is an authorized Oracle University partner, a Cisco Networking Academy, Microsoft partner, CompTIA member and has authorized Prometric and Vue Testing Centres. Meridian Technologies also offers Networking and Security Solutions product ENPAQ.

Meridian Technologies has set up a state of the art Training/Certification/Testing Centre and its Networking/Security Solutions Sales office in Victoria Island, Lagos. The Company requires to fill the following position: CENTRE MANAGER – Ref : CM-01

Candidates should be around 35 years of age and possess B.Sc/M.Sc in Computer Science/Computer Engineering with NYSC discharged certificate. A possession of MBA will be an added advantage. An excellent understanding of the various IT technologies is a key requirement.

Candidates should have 5-10 years of experience in the IT training industry in the Lagos market, three of which must be at the management level. Such candidates must be able to work under pressure and deliver on set performance targets.

Key responsibilities will include the following :

• Developing marketing and sales plans for various courses and target segments – separately for retail and corporate customers
• Developing an annual budget for student enrolments, corporate accounts, revenue, expenses and profit
• Achieving the monthly budgets for all set objectives
• Exploring the target markets with a view to identifying and pursuing opportunities relating to IT training and certifications.
• Territory planning and assignment
• Manpower planning, staff training, setting objectives for team members and leading the team to deliver as per set budgets.
• Effective planning and management of course schedules and delivery.
• Ensuring the attainment of quality standards and 100% customer satisfaction at all times.
• Developing business plans and managing the process for gathering market data and information.
• Actively participating in and galvanizing thought leadership activities especially as related to the centre’s business.
• Maintaining up to date industry knowledge with a view to maintain a strategic edge of the centre.
• Continuously generating new business ideas and assessing their viability.
• Initiating concepts to promote market awareness and generate sales.
• Submitting performance reports to the Management for review.
• Overseeing the finance, budget, HR and general administration of the centre.
• Optimum utilization of resources and costs optimisation

Candidates must be self-motivated, dynamic, technically oriented, possess excellent communication and presentation skills and be willing to work flexibly.

The position offers a challenge of working with international IT brands and offers a competitive salary package, car, performance bonus, continuous training and an exciting long term career.

As the position is based at LAGOS, only candidates residing in Lagos should apply.

Candidates who meet the above requirements and wish to develop a long-term career need only apply.

Interested candidates should apply with their CV, a passport photograph and current salary with the code CM-01 in the subject line of your e-mail to career@meridian-nigeria.com

Liverpool boss Benitez: Torres injuries may've decided title

13.04.09 | tribalfootball.com

Liverpool boss Rafa Benitez admits Fernando Torres' fitness this season could have decided their Premier League title chase.

Benitez said: “We have had some games this season that ended in draws which, had Fernando been playing, could have made a massive difference.

“With him and Gerrard on the pitch you know the team is much, much better.”

Defender Jamie Carragher added: “Fernando is one of the greatest strikers in the world, he scored two fantastic goals against Blackburn and it has been really good to have him back in the side and fit.

“It is frustrating thinking what we could have done this season if he had been fit all the time.”

Welcome to the Nigerian Navy Recruitment and Enlistment portal

Welcome to the Nigerian Navy Recruitment and Enlistment portal.
http://service.nigeriannavy.gov.ng or (http://www.service.nigeriannavy.gov.ng)
2. Read the instructions very well before completing your application form. To
download a copy of the requirements now, click
http://www.service.nigeriannavy.gov.ng/NNBTSInstructions.htm

3. The registration forms have been designed to let you save your details as many times
as you wish before final submission.

4. Insert your PIN code in the space provided at the end of application form and click the

SUBMIT button thereafter print the following:)
· Parent/Guardian Consent Form
· Service Personnel Referee Form
· Local Government Attestation Form
Please complete the forms and bring them to the recruitment centre of your choice.

LADIES LOVE FOR MONEY

SUBJECT: LADIES LOVE FOR MONEY

I DONT KNOW WHY LADIES SO MUCH LOVE MONEY TO THE EXTENT THAT THEY CAN GET IT AT ANY COST. IT PAINS ME SO MUCH THAT OUR LADIES OF THESE DAYS HARDLY HAVE TRUE LOVE FOR THEIR MAN, INSTEAD THEY GO FOR MONEY LOVE. PARHAPS, OUR MALE FOLKS DONT PRETEND NOT TO KNOW WHAT LADIES ARE UP TO BECAUSE THEY ALSO FEEL THAT MONEY IS THE KEY TO THEIR HEARTS. MY DEAR NAIJAPALS FOLKS, PLEASE SHARE UR OPINION WITH ME ON HOW THESE LADIES LOVE FOR MONEY CAN BE ERADICATED. U CAN ALSO CHECK OUT MY BLOG SITE ON http://kingsambuisnessworld.blogspot.com

Job at BUA Sugar Refinery: Senior HR & Administration Manager

Job at BUA Sugar Refinery: Senior HR & Administration Manager

Apr 8,2009 by Careers Nigeria

BUA Sugar Refinery Ltd is a major sugar refinery, with a factory that has the capacity of producing 1-million tonnes of sugar per annum. It supplies high quality sugar to industrial users as well as refined sugar for domestic users.

BUA Sugar Refinery Ltd requires the services of an experienced, result oriented Senior Human Resources & Administration Manager, who is expected to report directly to the Managing Director of BUA Sugar Refinery Ltd.

Job Description:
Act as business partner to the management team and provide advices on HR matters
Formulate and support the implementation of HR policies and strategy, organization design and development.
Recruitments and selection for the group
Drive human capital development and capability programs
Drive staff performance and engagement programs
Lead supporting team to provide office administration services in an efficient and orderly manner.

The successful candidate should have:
A Bachelor’s degree in any of the social science related disciplines
Preferably a member of CIPM or any other recognized human resources association.
A master’s degree, preferably an MBA is compulsory for this position.
3 years of progressive human resources experience in a recognized consulting firm.
4-6 years of progressive HR & Administration work experience at a senior managerial level in a recognized preferably, international type company
Must be able to communicate and collaborate with people at all levels and interact with a diverse group of individuals and personalities
Experienced in compensation survey, strong experience in initiating and implementing all areas of HR including recruitments, job evaluations, appraisals, compensation packages, training etc.
Well versed with the employment ordinance, tax issues and related legislation.
Must be able to work effectively and efficiently in an environment that requires restructuring.
Strong verbal and written communication skills, including the ability to write reports and present information to a variety of audiences, including executive management.

Interested applicants should forward their resume before April 21, 2009 to nche_777@yahoo.co.uk. Only suitable candidates will be contacted.

CURRENT VACANCY URGENT ATTENTION

The following are currently recruiting
http://www.abctransport.com
https://firstcitygroup.com
http://www.equitorialbankplc.com
http://www.gtbplc.com
http://www.ecobank.com
http://www.oceanicbank.com
http://www.sterlingbank.com

How would you like to make an extra $200, $500, or even $1,000 per day doing data entry!

How would you like to make an extra $200, $500,or even $1,000 - EVERY single day, working
just 15-30 minutes a day! People worldwide are making thousands of dollars a day by this explosive new system I am about to share with you! This is unlike any other work at home program on the internet today, because 99% of them are total scams!
We have successfully been doing
Business for nearly 5 years, we have worked with several different types of work from home programs and this strategy is by far the BEST that we have come across thus far!
The great thing about it is that NO SPECIAL SKILLS are needed for this type of position. As long as you have basic computer/typing abilities
then you can do this!

How It Works:

Once you have become a member, we will give you lifetime access to our "members only area" page as well as 24/7-tech support. This page contains thousands of top paying companies
that need your help in spreading the word about their products and/or business immediately! These different companies DO NOT charge you and it literally takes only 1-2 minutes to sign up.
Every company listed in our database has an all-accept policy, so you will never ever be denied a job from them! When you enter our members area we will provide you with simple STEP-BY-STEP instructions along with one on one tech support so you will be able to start working for these companies as soon as possible! All you have to do is fill out forms, and start making money right away! If you have a computer with Internet access, then you will be able to work from home and BE YOUR OWN BOSS! This program best suits people who are self-motivated and that have the ability to follow precise instructions. These companies do not require you to sell anything and there is no telemarketing involved. You will simply be inputting data and typing up forms for REAL companies, making REAL money! In this global economy, there is a tremendous need for enthusiastic and responsible home workers. If you are willing to work hard and take direction, then this program is for you!

Sokoto State well positioned for leather production

Sokoto State well positioned for leather production
Tue, 17 Feb 2009 11:21
Region
Nigeria
Sector
Agriculture and Agri-processing
Manufacturing

Summary:
Due to high slaughter figures in Sokoto State, animal by-products such as hides and skins are found in large quantities. This provides a favourable situation for the establishment of tannery, leather shoe and bag industries.
Contact
Dr Buhari Bello Kware
Email
invest.showcase.comm.sokoto@live.com

The Sokoto State government is offering local and foreign investors the opportunity to invest in leather industries.

Due to high slaughter figures in Sokoto State, animal by-products such as hides and skins are found in large quantities. This provides a favourable situation for the establishment of tannery, leather shoe and bag industries.

Incentives
Both the federal and Sokoto State governments have put in place numerous incentives to stimulate the development of industrial projects in the state.
Some of these incentives include:
equity participation in viable industrial projects;
easy accessibility of land in industrial estates;
guarantee of loans for viable industrial projects;
provision of infrastructure to industrial layouts;
availability of cheap labour;
import duty draw back;
income tax relief/pioneer status; and
tax relief for research and development.

For more information on this opportunity please contact Dr Buhari Bello Kware of the Sokoto State Investment Promotion Committee at invest.showcase.comm.sokoto@live.com

FISH FARMING BIZNESS OPPORTUNITY IN LAGOS

Fish farming opportunities available in Lagos State
Region
Lagos
Nigeria
Sector
Aquaculture and Mari culture

Summary:
The Lagos State Government is aiming to boost fish production by establishing fish farm estates. Investors now have the chance to grab hold of lucrative opportunities in this area of aquaculture.

Contact
Chief Enock K. Ajiboso
Email
ajibosobaajito@yahoo.com
The Lagos State Government is offering investors the opportunity to get involved in a variety of activities relating to fish farming.

The state government wants to increase fish production by 30% and is actively promoting private sector involvement in upstream and downstream activities within the fishery sector. One of these initiatives is by establishing fish farm estates.

The fish farm estate initiative was conceived to promote fresh fish production through public private sector collaboration. The 250-plot, 34-hectare fish farm estate established in Ikorudu by the last administration was completed and fully subscribed with about half of the production ponds stocked. Catfish production from the estate in 2007 alone was estimated at 5 748 tonnes, which is about 60% of its potential.

Another 60ha estate has been surveyed and laid out in Araga. The 400-plot estate will be the largest of its kind in West Africa when fully developed. The goal is to achieve self-sufficiency in fish production for local consumption and ultimately for export.



Market
Lagos State has a population of close to 18 million people and is the largest market within Nigeria. Over 1 000 tonnes of fish are consumed daily in the state. Investors are therefore assured of an adequate market for fish. Opportunities for export also exist.

Investment potential in fish farm estates

Investors have the opportunity to partake in any of the following opportunities:

Viable feed production
Choice fish fingerling production
Processing of fish
Fish market operation
Marketing and export
Commercial research activities
Establishment of new estates at any location suitable to investor
Capacity building

The state government is offering the following modes of investment:
Private sector financed and operated
State to create enabling environment
Provision of land
Organization of producers to supply factory
Patronage of products where applicable
Partnership with the state government

Jobs at Savannah Bank Nigeria: Graduates & Experienced Bankers

Savannah Bank of Nigeria Plc, have commenced the process of re-opening the bank to our customers.

The Central Bank on 20th febuary, 2009 restored the operating licence of Savannah Bank, calling on the managers of the bank to take necessary measures to re-open the bank to the public as soon as possible.

Savannah Bank is now recruiting Graduates and Experienced Professionals at all levels.

Passion for what we do is what makes us different. Our people have a genuine commitment to our service culture.

Our working environment is often described as both challenging and rewarding.

Graduates and Experienced Bankers are welcomed to submit their resume online to signify an interest in joining our bank.

Click here to apply online.

LATEST INTERNET BIZNESS

“If You’ve Got Just Extra 60mins Per Day, Then Here’s a How to Earn $1,000 A Month Consistently from Your Home within Next 90 days – GUARANTEED!

What you can learn from Failure and Success Story of Award winning Internet Rich Kids and How It Can Make Amazing Changes in Your life within next 3 months.


Dear Friend,

The results of our recent survey were terrifying.

37% says they’ve been trying to make money online for past 1 to 2 years.

32.3% says they’ve been in it for about 6 months

18.8 % says they’ve been trying for 3years and above.

And the most amazing one is that of 11.5% that have been doing this for over 5 years.

Do you know that you can spend several months ‘TRYING’ to figure the right way to make money online out?

It’s true. In fact, you can spend years attending seminars, buying another latest book, researching and permutating figures you will be making when you struck the gold on internet tomorrow. After all you’ve been sold the dream of making overnight success by several internet opportunity sellers.

Wait…. Is this you?
You know there’s ton of money to made on the internet and you’ve been looking for a way to get your foot in the door,
You are committed to being successful but you’re already stretched pretty thing – you don’t have buckets of time, money, or experience to invest any more,
You want to share of the freedom, prosperity, and pride that having your own money making internet business brings, but you just don’t know where to start,
Your friends and family and maybe even a spouse think you're crazy to keep trying. But you know it's out there! You know you're so close you can taste it!
You have load of bills to pay and can’t still figure out how to get money to get bill collectors of-your-back,

If this sounds like you, then that's ok. You aren't alone....

And...

It is not your fault.

I was once where you are today.

I first got the news of internet marketing goldmine in the year 1999. I invested a lot of money and time for 4 years without making a dime. Most of my internet time every day was spent on checking email, reading latest business opportunity that promises ‘how to bank $50,000 in next 21 days’. Most often before I get to cyber café to open my email box these types of promising offers are already there waiting for me in hundreds.

I spend several hundreds of thousands of Naira signing up for programs and printing out sales message of latest promising websites. At the end of the day I didn’t get anything in return because I wasn’t doing the business itself but just perambulating about online.

I end of becoming ‘POOR’

Through out this period nobody believes in me or my idea of making money online. It sounds crazy to them.

And you know what, honestly it is…
Yes, it is crazy for somebody to invest several hundreds of thousands every year for four years trying to figure out how to make money from Virtual world.
Yes, it is crazy printing out hundreds of pages of new e-books and website sales messages.

It is crazy spending 48months moving round one circle.

I break the code!

Eventually, I figure out if I must make it online, I have to do the business itself and stop accumulating information (knowledge) that is of no use to me.

I started practicing some of the money making systems I spent years to acquire. Some are good while a lot of them are total crap. How I wish I didn’t invest my money in them at all.

Anyway, to cut the story short, I spent another couple of months in this trial and error stage. Trying to figure out what is missing.

At the end of it all I found what was missing.

Then I discover…
This business is a business of People and not of product. Meaning I have to consider needs of group of people first before any other thing.
That I have to understand problems or area of interest of a certain group of people and tap into it before I can make money.
That I can put everything together even if I am not an expert in the market, if I don’t have the necessary skills, if I don’t have enough money to invest.

All I need to have are…

• Proven step by step system
• Team – motivation – challenge
• Mentor – coach
• Follow up system
• Take aggressive action


It all starts with this


At the time I discover all above secrets I didn’t have loads of money (like before) any more to invest. I didn’t even have money to access internet. So I decide to test out my new found secrets by selling some of books on motivation and business that I have in my bookshelf.

I was able to raise N5, 000 to deposit for 30 days internet browsing at one cyber café in ikeja called Lori Kinkos. The cyber café is still operating today. You can found out from their boss Mr. Lori.

You see, during the period there was a lot of pressure from my family member. They want me to get job. They are not comfortable with my internet idea anymore. So I got 30days grace to proof myself or be on the street looking for job.
They gave me 30 days to prove myself but I was able to do it in just 21 days.

I discovered a group of people on internet called dog owners. I took time to research their problems. Since, I wasn’t an expert in ‘dog’ market I decided to leverage experts in dog industry.

I email about 100 dog experts and 13 agree to write a book for me. Each of them wrote about 5 pages each. I compiled all their work and wrote a one page forward. Bam... it become the first e-book on dog bite prevention on internet.



I didn’t have money to invest in writing the sales copy, designing graphics and setting up website. I don’t have the skill to do everything myself either. I seek help of some good guys in internet business community that I belong to then. They did help me.

Eventually, I sold several copies of my e-book through some of 13 experts that participated in creation of my book. In just 21 days I found myself in money. Another friend that helped me to receive payments sent it to me through western union money transfer.

I can remember that day … counting over $2,000 is interesting. Not even when it’s all yours to spend.

I later sold rights to hundreds of other people to sell my dog bite prevention e-book making myself a lot of money in the process.

Some of them are still selling the book till today. You can confirm it. Go to google.com and search for ‘dog bite prevention ebook’ you will see what I mean.

After that first success, I tapped into other market, rolled out product after products. Some are successful and some are complete failure.

Because of how successful my business is I can now afford expensive vacation.

Myself, and other internet markers at Sentosa Park



Eating together with world top marketers in best restaurants



And just few months ago

I won the SDEA “Young Entrepreneur of the Year Award”.




Few weeks ago, we ran a survey where over 100 people were asked what they will be glad to see in our new system. Bellow is list of top request by you and other people like you.
Unedited List of What You told us you will like to see in new Nigeria internet business community where you can get everything you need to make money online.

• Complete step by step guide on internet money making opportunities

• Free e-books chat rooms regular mentoring

• A motivational part which is to encourage people to put into practice all they learn.

• Ways to earn legitimate internet money in Nigeria

• Tools, software and resources that makes internet marketing profitable.

• IDEAS ON HOW TO WRITE ARTICLES

• How to build a website

• How to have my own Visa card

• Real time customer support or chat room, to help us get immediate answers to some pressing questions.

• The easiest way for a novice to design a website. And how to promote ones website on the internet for free and get result.

• System that work 100% without much problem.ie system that a layman can understand without much assistance with easy step by step.

• How I can be helped to earn 1000 dollars using simple down-to-earth methods.

• You can get complete list here:

• What if you are able to get all that you requested for and a lot more?

• What if you can get everything with only N2, 000?

It is amazing.

Introducing……..
The new internet business club

What is internet business club?

• Internet business club is a system that Actually guides you through each step of creating an internet business that makes money. Our new internet business club is EVERYTHING you need as a newbie (a complete beginner) to build professional and profitable internet business.

• It is a place where you can get proven step by step system that actually works.

• It is a BOOMING community for Nigeria internet entrepreneurs – where both new and advanced marketers can constantly exchange ideas and honing strategies on how to start and grow a profitable business online.

• IBC is a place where you can find our team of advanced marketers like you that will be sharing their experience and expertise with you. Our team will motivate you into action and provide install assistance.

• A private, password-protected website that contains all of the tools and applications you need to set up and run an internet business website.

• Internet business club is provides a highly competitive community where every member are challenged to take action in other to be the winner in this GAME. Members have opportunity to win free return ticket to Singapore.

I know you’ll be absolutely THRILLED with the one-on-one mentoring, internet marketing strategies, and website profit secrets you’ll learn in the revolutionary New Internet Business Club.

That’s not all; it also provides a follow up system. In fact, you’ll NEVER be alone again!

What internet business club is not?

Before you misconceive what internet business club is let me quickly tell you here that this club is not;

1. A get rich quick system that promises how to make money sleeping.

2. It is not a system where you expect to get result without taking action. You have to invest time and money.

3. It is not same course you’ll be left to figure out on your own, and it’s not some software package that will sit on your computer and collect dust.

But it is….

A training system that actually guides you through each step of creating an internet business that makes you money.

And the best part: You won’t have to break the bank to join us!

Are you qualified to be part of this special community?

You are if ……

1. You learn by doing.

2. You want personal guidance.

Only 150 people will Get Access Now…..

Here’s exactly what internet business club is……

Once you receive one of the 150 internet business club private passwords we’ll be distributing this week, you’ll gain access to ……

• My 4 weeks fast track training system where we take you by hand and show you a proven system that guides you to having your first internet business within next 30 days making money.

The four weeks fast track training is divided into 4 modules where you will learn…..
7 reasons why the "internet lifestyle" is so cool
Biggest mistakes often make by Newbie's starting Internet Based Business and how you can avoid them.
8 unavoidable internet marketing phases that will shape the future of your internet business.
10 success secrets revealed to me by my internet millionaire friends under oath.
The three most common Internet business models (and which “type” of business that you want to eventually own).
Exactly what separates GREAT markets from good markets, and what’s required if you want to own a full-blown High-Ticket Model?
The three steps for generating a list of solid potential markets.
The questions you need to ask yourself to find out if there’s a hidden expertise hiding in your own life or in the life of a friend or family member.
14 “Idea Hangouts” where you can brainstorm even more ideas.
How to use the “Idea Qualification Guide” to systematically narrow your list of potential markets and determine the one or two markets that you plan to test.
How to set up your site now that you have a niche!
How To Monetize Your Site Quickly.
Little known secrets to generating loads of paying traffic and converting 40% or more of them to leads and eventually paying clients.
Complete internet marketing glossary that explain key internet marketing terms.
Our 24hrs continuous support system providing instant response to your question.
Follow up system, providing additional tips and motivation for as long as you are a member.

• Member only discussion area where you can meet other members, exchange ideas with them, get their support and make money deals with them.

• And many more that I can’t even list here.

How to Join Internet Business Club Nigeria?

Become a member of this NEW Nigeria internet marketing community today, and for next 30 days you’ll receive UNLIMITED coaching, feedback and advice from my team of experts in the members-only discussion forum….

Do nothing but implement the easy-to-follow fast track lessons you learn in the club and reap the rewards.

I have two membership options for you:

We won't charge you N17, 000 a month to access this website because we know you still have to invest money to access internet, buy domain name, host your website and possibly get autoresponder account in other to apply what you will learn as a member.

So all you have to pay is just N2, 000. Alternatively you can pay N10, 000 for 12 months saving you N14, 000. If I were you I will prefer the second payment option and save 14,000 by paying N10, 000 to access this site and support for 1year.

If you pay for 1yr you will get the following benefit:
A free cd recording of our monthly internet marketing presentation.
Red carpet to 2 of our special live events this year.
A copy of our monthly internet marketing dossier.

...... Just imagine, in only 4 weeks from now, and with only N2, 000 (or N834 per month if you pay one time fee of N10,000 for one year) you could have your money making business!

Here is My money back Guarantee for you,

I opened a new account just because of this club and it won’t be used for any other purpose. You are free to pay and test the site for 45 days. If I didn’t fulfill every promise made on this website, you are free to request your money back. I won’t ask you any question.

This is the first time I am offering this type of guarantee. I am doing this because I know this New Internet Business Club will work for you.

..... But here's the catch:

If I'm going to take all this risk, I need to know, without a doubt, that you're prepared to take action!

If you are truly sincere that you are ready to take action!

If you are sure you can have at least 1hr every day to test my new system.

If you know you have money to invest in your business. You don’t need to break bank. A little less than $100 is enough. If you don’t have up to that don’t worry. If you have enough time and access to internet you can raise all money needed.

So what are you waiting for...?

Structure of Nigeria Capital Markets

Accessing the Nigerian capital markets:

The Nigerian Capital Market is the most vibrant in Africa after that of South Africa.

The Nigerian Stock Exchange which was founded in 1960. It is 2nd most active exchange in Africa after the Johannesburg Exchange with 197securities listed on the daily official list of the Exchange.

Companies have their Shares listed by the Stock Exchange to be bought and sold daily by the public.

The market Capitalisation (The total value of each store multiplied by the number of the stores of each company taken together) is about N3.7Trillion which at current exchange rates converts to about 29 Billion US Dollars.

The returns (The Profit) in real terms in the Nigerian Capital Markets have been the highest Worldwide for many years running.

The Nigerian capital Market is generous not only in the dividend yields (The % of the cost of the Shares to the dividend paid annually) but also in terms of price appreciation of stocks.

This year alone, the Nigerian Capital market has grown by more than 50%, although most of the growth can be linked to the pressure on the Capital Markets by the new Pension Fund Administrators who are required by the new Pension Reform Act 2004 to invest a good portion of the Pension Funds they manage in the Nigerian Capital Market.