Global market sentiment receives boost as US, Europe reach zero tariff deal

More worries for investors as stocks plunge by N49bn

Global markets early Thursday received a boost after the United States and Europe reached a deal Wednesday to work towards “zero tariffs, barriers and subsidies on non-auto industrial goods” in a bid to defuse escalating trade tensions. Investors took comfort in the encouraging meeting outcome, with Asian stocks edging higher early Thursday following overnight gains […]

Nigeria’s SEC, stockbroking firms mull partnership to deepen capital market participation

SEC, Exchanges

Nigeria’s Securities and Exchange Commission (SEC) is considering collaborating with stock broking houses in Nigeria and other relevant stakeholders towards deepening the nation’s capital market. Mary Uduk, the acting SEC DG, said the commission is open to suggestions and actions that would make the capital market vibrant, adding that such collaborative efforts would be with […]

Nigeria bourse proposes amendments to rulebook on SPVs, calls for comments

Nigerian Stocks

The Nigeria Stock Exchange (NSE) is proposing additions to its rulebook of listing of securities issued by special purpose vehicles (SPVs). The NSE said that though it currently has two SPVs listed on its Daily Official List, there are presently no specific rules for the listing of SPVs at The Exchange. A special-purpose vehicle (SPV) […]

Quoted companies to save N1bn from printing of annual reports, says SEC

Mounir Gwarzo, the SEC Director-General

The Securities and Exchange Commission (SEC) Wednesday said quoted companies would save one billion naira from the printing and dispatch of annual reports to shareholders. Mounir Gwarzo, the SEC Director-General, made the disclosure at the 2017 second post-Capital Market Committee (CMC) news conference in Lagos. Gwarzo said that the commission was perfecting arrangements through a […]

Companies’ funding plans on hold as Ghana stalls on securities watchdog

Ghanaian companies have put on hold their plans to raise capital as the country is stalling on the appointment of a board to oversee the Securities and Exchange Commission of Ghana, allowing it to operate without an appointed board, more than six months after the previous committee’s term ended. The Securities and Exchange Commission of […]