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Nigeria: Lafarge Africa Listing to Boost NSE Market Value By Over N468 Billion

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Posted by admin 11 days ago (http://allafrica.com)
[Vanguard]Following shareholders' approval and other regulatory processes, Lafarge WAPCO has formally notified the Nigerian Stock Exchange, NSE of the change in its name to Lafarge Africa Plc, paving the way for the impending listing of the consolidated shares, which are expected to boost market value by over N468 billion.

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Nigeria: NSE's Market Capitalisation Slides By N44 Billion

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Posted by admin 11 days ago (http://allafrica.com)
[Guardian]EQUITY transactions on the floor of the Nigerian Stock Exchange (NSE) yesterday re-opened week on a negative note, following price losses suffered by major blue-chip companies, as the market capitalisation of listed equities slide by N44 billion.

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Kenya: Analysts Says NSE's Offer Price Could Hit Sh11 Upon Listing

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Posted by admin 11 days ago (http://allafrica.com)
[The Star]The Nairobi Securities Exchange offer price is expected to rise by a fifth once trading starts, with analysts advising investors to take long positions.

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Nigeria: Trading Rebounds, As NSE Index Rises 1.16 Percent

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Posted by admin 11 days ago (http://allafrica.com)
[Independent]After several days of closing bearish, major indicators of The Nigerian Stock Exchange (NSE) rebounded on Tuesday when equities capitalisation closed higher at N13.965 trillion after it appreciated by N162.265 billion as against N13.802 trillion recorded at the close of trading on Monday, while the All-Share Index gained 488.42 basis points or 1.16 per cent to close at 42,292.93 poin

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Tanzania: Idd El-Fitr Festivals Hurt Dar Bourse

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Posted by admin 11 days ago (http://allafrica.com)
[Daily News]THE Dar es Salaam Stock Exchange (DSE) total turnover declined by 70 per cent to 5.54bn/- last week from 18.55bn/- of the previous session.

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Nigeria: NSE to Revoke Licenses of Inactive Brokers After Six Months

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Posted by admin 11 days ago (http://allafrica.com)
[This Day]The Nigerian Stock Exchange (NSE) is to revoke license of any dealing member that is not active for six months. This is part of the new amendments the NSE is making to its rules. While there are some stockbroking firms, which have not been active for years, their licenses have remained with them.

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Nigeria: Cis Pledges to Monitor NSE Over Delisting of Stockbroking Firms

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Posted by admin 11 days ago (http://allafrica.com)
[Vanguard]The Chartered Institute of Stockbrokers, CIS has pledged to monitor the ongoing delisting process of stock broking firms on the Nigerian Stock Exchange, NSE ahead of planned demutualization of the exchange.

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Nigeria: Stockbrokers Eye Dealer Membership of FMDQ OTC

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Posted by admin 11 days ago (http://allafrica.com)
[This Day]Stockbrokers are working out modalities for their participation as dealing members of the FMDQ OTC Plc (FMDQ), a platform licensed by the Securities and Exchange Commission (SEC) for the trading of fixed income securities.

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