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Nigeria: Sept. Deadline for Market Recapitalization Sacrosanct - SEC

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[Daily Trust] Lagos -The Securities and Exchange Commission (SEC) has said there is no more extension on compliance with new minimum capital requirement for its operators.

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Nigeria: NSE Reviews Composition of Market Indices

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[Daily Trust] The Nigerian Stock Exchange (NSE) on Friday announced the results of the biannual review for the NSE 30 and the five sectoral indices of the exchange which comprises the NSE Banking, the NSE Consumer Goods, the NSE Oil & Gas, the NSE Industrial and the NSE Insurance. The composition of these indices after the review will be effective on Wednesday July 1, 2015.

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Nigeria: Albert Essien to Act As Ecobank CEO in Transition Period

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[Independent (Lagos)] Lagos -The management of Ecobank Transnational Incorporation (ETI), parent company of the Ecobank Group, has informed the management of the Nigerian Stock Exchange (NSE) that the outgoing Ecobank Group CEO, Albert Essien, will act as Chief Executive Officer over two-month transition period.

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Nigeria: Onyema - Nigerian Capital Market Ready for Burden of Project Funding

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[This Day] Director-General The Nigerian Stock Exchange, Mr. Oscar Onyema, in this interview with Festus Akanbi, speaks on the impressive performance of the exchange for the 2014 financial year and the role of the capital market in an austere period, among other issues

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Nigeria: Govt to Shut Down All Open Drug Markets July 1

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[This Day] Abuja -In a move to ensure organised drug distribution system in the country is strengthened, the federal government will on July 1, commence the implementation of the National Drug Distribution Guidelines (NDDGs).

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Nigeria: Equities Markets Awaits Policy Direction, Sustains Bearish Sentiments

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[Daily Trust] Lagos -Equities market sustained its bearish sentiment this week losing N138 billion to close at N11.215 trillion.

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Nigeria: Bourse - Caution is the Watch Word

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[This Day] The prevalent negative sentiments in the Nigerian equities market deepened the year- to- date loss to 5.20 per cent last week, fuelling speculation that a possible rebound may not happen in the days ahead. The negative sentiment was fuelled by jittery investors' refusal to stick out their necks following continued macroeconomic concerns.

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Egypt: EGX Achieves Egp3.5 Billion

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Posted by admin 2 hours 21 minutes ago (http://allafrica.com)
[Egypt Online] The Egyptian Stock Exchange (EGX) started this week trading with gains amounting to EGP3.5 billion and its indexes were all up.

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