The Nigeria-UK Capital Markets Project

The Nigeria-UK Capital Markets Project Tuesday launched its inaugural report on the state of the Nigerian capital markets, stressing the need to boost the integrity of the markets, improve information disclosure, reduce potential for manipulation, promote transparency and good governance and generally improve standards and investor confidence. This came as the Lagos State Governor, Akinwunmi […]

Nigeria’s market capitalisation up by N72bn

Transactions at the Nigerian Stock Exchange (NSE) on Tuesday remained upbeat with investors net worth appreciating by 0.70 percent. The News Agency of Nigeria reports that the All-Share Index rose by 211.03 points or 0.70 percent to close at 30,458.86 against 30,247.83 posted on Monday. Similarly, the market capitalisation, which opened at N10.367 trillion, appreciated […]

Vetiva Fund Managers further deepens ETF Market

Following the final approval from the Se­curities and Exchange Commission(SEC), Vetiva Fund Managers Limited is to list three Exchange Trad­ed Funds(ETFs) anchored on the NSE Banking In­dex, NSE Consumer Goods Index and NSE Industrial Index. A statement from the company lists the three ETFs as Vetiva Banking Exchange Traded Fund (VB ETF), Vetiva Con­sumer Goods Exchange […]

Stock Market Recapitalisation Will Boost Investors’ Confidence

The Managing director of Capital Bancorp Plc, a leading member of the Nigerian Stock Exchange (NSE), Mr Higo Aigboje, recently spoke to journalists on plans to unfold investment opportunities in the Nigerian capital market to local and international high networth and retail investors. Given the developments in the stock market between 2006 and 2008, will […]

Nigeria exchange presses on with markets infrastructure overhaul

The Nigerian Stock Exchange has indicated that a decision over going public will soon be finalised, ushering in the investment it seeks to overhaul the country’s financial markets infrastructure and attract foreign investors. The user-owned NSE is looking to break decades of influence from local banks and brokers by demutualising. Such a move would allow […]

Nigeria exchange presses on with markets infrastructure overhaul

The Nigerian Stock Exchange has indicated that a decision over going public will soon be finalised, ushering in the investment it seeks to overhaul the country’s financial markets infrastructure and attract foreign investors. The user-owned NSE is looking to break decades of influence from local banks and brokers by demutualising. Such a move would allow […]

Nigerian Stock Exchange to launch trading in Forex futures?

“It would be awesome if we had a naira-dollar contract that we could trade on the exchange…Futures and options are asset classes that we think would be very beneficial to foreign investors.” – CEO of the Nigerian Stock Exchange Oscar Onyema told Bloomberg News. The Nigerian Stock Exchange CEO has stated to Bloomberg that the African exchange […]

Oil price slump is choking this OPEC economy

Plunging oil prices are taking a heavy toll on one of Africa’s top producers. Nigeria’s currency is trading at a record low against the U.S. dollar, the stock market has slumped 15% this year — making it the worst performer in Africa — and financial reserves are being depleted.

Nigeria: SEC, NSE Ready to Work Together to Build a Stronger Capital Market

The Securities and Exchange Commission, SEC, and the Nigeria Stock Exchange, NSE, on Wednesday resolved to work together to build a stronger capital market in the country. Both the Acting Director General of SEC Nigeria, MounirGwarzo, and NSE Chairman, AigbojeAigImokhuede, noted the importance of such collaboration with key players to take the market to greater heights.