Nigeria

Funds

Mobius blogs on why he likes Africa

From the blog of Mark Mobius of Templeton Investments: "While Africa does have challenges, I am encouraged by another side of Africa that is gradually ...

Exchange news

JSE Africa Board launches advisory committee to boost appeal

The JSE securities exchange has appointed an advisory committee to boost its JSE Africa Board to achieve its mission and attracet dual listings to a ...

Egypt

Giant growth foreseen for African stock exchanges over 10 years

African exchanges could grow dramatically in both market capitalization and turnover in the coming decade, following the explosive trends already charted by the Indian and ...

Exchange news

Nigerian Stock Exchange asks stockbrokers to recapitalize

The Nigerian Stock Exchange is warning stockbrokers that they must meet capital adequacy requirements. Dealing members and stockbroking firms require a capital base of N1.5 ...

Nigeria

Nigerian Stock Exchange Annual Review 2010

The Nigerian Stock Exchange reported on 19 January that a total volume of 93.3 billion shares valued at N797.6 billion (3.2% of gross domestic product) ...

Exchange news

New CEO named for Nigerian Stock Exchange

Nigerian media have reported that Oscar Onyeama has been approved by the Council of the Nigerian Stock Exchange to be Chief Executive Officer. Accenture Nigeria ...

Nigeria

Plans for Nigeria’s $500 mn Eurobond

Citigroup expects to see strong demand for Nigeria's $500 million debut Eurobond despite volatility in global capital markets. It plans roadshow this week.

Capital raising

Templeton’s Mobius tells Reuters he picks Nigeria

Templeton fund manager Mark Mobius picks China and Nigeria as tips over the next 12 months, according to an interview with Reuters. Mobius oversees more ...

Exchange news

New leaders for Nigerian SE to be announced soon

The recruitment of a Director-General and Executive Directors for the Nigerian Stock Exchange will be completed by first week of December, according to news reports ...

Exchange news

Heads of Nigeria’s SEC and Stock Exchange summoned to Senate Committee

The Nigerian Senate’s Capital Market Committee summoned the Director General of the Securities and Exchange Commission (SEC) Arunma Oteh and the Interim Administrator of the ...

Exchange news

Dangote Cement listing boosts Nigerian SE

The Nigerian Stock Exchange saw its capitalization boosted by the Naira 2.1 trillion ($14 billion) listing of Dangote Cement on 26 October.

Kenya

Nigeria and Zambia joining African rush into bonds

Africa needs to spend $93 billion a year on power, transport and water projects over the next decade to lift growth in the world’s poorest ...

Exchange news

Nigeria regulator orders that illegal N1.2 billion in bonuses be returned

Nigeria’s Securities and Exchange Commission has commissioned a forensic audit into affairs of the Nigerian Stock Exchange. The SEC released a statement on 6 October ...

Exchange news

Nigerian SE may be privatised

The Nigerian Stock Exchange could be demutualized and foreign exchanges may be invited to invest, accroding to Ms Arunma Oteh, Director General of the Securities ...

Exchange news

SEC clamps down on Nigerian Stock Exchange, sacks DG and orders President to stop acting

The Securities and Exchange Commission has moved in hard on the Nigerian Stock Exchange on 4 August, ordering the Director-General to leave her post and ...

Exchange news

Nigeria Stock Exchange – Dangote’s struggle to be President, also denies management succession crisis

The Nigeria Stock Exchange on 26 July denied that there was any succession crisis. Court cases on the succession had led to there not being ...

Exchange news

Nigerian Stock Exchange offers free listing to major companies

The Nigerian Stock Exchange (NSE) is keeping open its offer, made earlier this year, to waive listing fees for downstream oil majors, major telecommunications companies ...

Funds

Adlevo announced first closing on African technology fund

Adlevo Capital Managers (www.adlevocapital.com) announced on 10 June that it has completed the first closing of Adlevo Capital Africa LLC fund with capital commitments of ...

Exchange news

Nigeria SE says trading system is not obsolete, considers demutualization and prepares second-tier market

The Nigerian Stock Exchange (NSE) management has hit back at claims that its trading system is obsolete and urged the country’s Securities and Exchange Commission ...

Exchange news

Nigeria’s SEC publishes new rules

Nigeria’s Securities and Exchange Commission (SEC) has new rules, according to local press. The new rules, signed by Director General Ms Arunma Oteh, became effective ...