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Nigeria: CSCs Posts N1.177 Billion Profit, As NSE Index Sheds 0.34 Percent

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Posted by admin 5 days ago (http://allafrica.com)
[Independent (Lagos)] Lagos -Central Securities Clearing System Plc (CSCS) has submitted its first quarter ended March 31, 2015 financial result to the management of the National Association of Securities Dealers (NASD), an Over-the-Counter securities (OTC) market.

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Nigeria: Aig-Imoukhuede Optimistic On Compliance With New Capital Base

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Posted by admin 5 days ago (http://allafrica.com)
[Guardian] The President of the National Council the Nigerian Stock Exchange (NSE) Aigboje Aig-Imoukhuede has affirmed that the extension of the deadline on new capital requirement for capital market operators by the Securities and Exchange Commission would enable operator to comply and meet up with the September 2015 deadline.

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Nigeria: NSE Moves to Protect Investors Using Brokers' Online Trading Portals

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Posted by admin 5 days ago (http://allafrica.com)
[This Day] The Nigerian Stock Exchange (NSE) is making moves to give investors using the online trading portals of stockbroking firms adequate protection as the exchange is coming out with new Rules in that regard.

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Nigeria: Emefiele Defends New Forex Controls, Says N1.3 Trillion Spent On Imports Annually

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Posted by admin 5 days ago (http://allafrica.com)
[This Day] The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has defended the decision of the central bank to tighten foreign exchange controls by excluding 40 items comprising rice, toothpicks, cement, margarine, palm kernel/palm oil products/vegetable oil, meat and processed meat products, among others, from the interbank forex market.

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Nigeria: Quoted Companies and Their Shareholders in 2014 (III)

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Posted by admin 6 days ago (http://allafrica.com)
[Vanguard] During the past week, Flour Mills of Nigeria Plc announced its intention to raise a sum of up to N40billion from its existing shareholders through a rights issue. No details have been given as to how the proceeds of the rights issue would be utilised.

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Nigeria: NSE Reports 47 Percent Income Growth

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Posted by admin 6 days ago (http://allafrica.com)
[Independent (Lagos)] The Nigerian Stock Exchange (NSE) has recorded a 47.17 per cent growth in total income for the financial year ended December 31, 2014. Its total income grew to N7.950 billion in 2014 as against N5.401 billion recorded during the corresponding year of 2013.

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Nigeria: Electricity Distribution Companies Are Over Protected By Govt - Akingbogun

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Posted by admin 6 days ago (http://allafrica.com)
[Independent (Lagos)] Abuja -The Interim President of the Nigerian Electricity Consumers Advocacy Network (NECAN), Tomi Akingbogun, has said that the electricity distribution companies were being over protected by the federal government to the disadvantage of other businesses operating in the country.

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Nigeria: NSE Plans Naira Futures' Trading

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Posted by admin 6 days ago (http://allafrica.com)
[Guardian] THE Nigerian Stock Exchange (NSE) has unfolded plans to start trading naira futures that will help investors hedge against movements in the local currency, its Chief Executive Officer, Oscar Onyema said.

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