Nigeria

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The Nigerian Stock Exchange (NSE) management has hit back at claims that its trading system is obsolete and urged the country’s Securities and Exchange Commission ...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

Exchange news

Nigerian Stock Exchange – who will be the next CEO?

Nigerian media has been writing about the succession of acclaimed Prof. Ndi Okereke-Onyiuke, set to withdraw as Director General and Chief Executive Officer of the ...

Funds

Aureos Africa makes another $10 mln investment in Nigeria

The Aureos Africa Fund, which closed its fundraising in January with US$381 million, has completed a $10 mln investment in a leading Nigerian leasing company, ...

Funds

StanChart steps up Nigeria equity investments

Standard Chartered Private Equity Limited recently announced $47.5million investment for a minority stake in Seven Energy, a leading Nigerian gas exploration and development company, according ...

Exchange news

New DG for Nigeria’s Regulator

Another step has been taken towards the appointment of the new Director-General for Nigeria’s Securities and Exchange Commission. The Senate last week confirmed the appointment ...

Exchange news

Nigerian Stock Exchange seeks $33 mln for new software and Sierra Leone bourse

The Nigerian Stock Exchange is seeking some US$33 million in capital for its fifth software upgrade and also to help finance the Sierra Leone stock ...

Exchange news

Nigeria’s Securities and Exchange Commission calls in market operators

From 9 November, Nigeria’s Securities and Exchange Commission is to call stockbrokers and other market participants before its Administrative Proceedings Committee (APC). This is part ...

Capital raising

IFC invests $100 million in Nigerian telecommunications

The International Finance Corporation (www.ifc.org), a member of the World Bank Group, is investing $100 million into bringing the benefits of better telecommunications to many ...

Exchange news

Cool investor relations for securities exchanges and listed companies

Three excellent sites offer fine material and services on promoting investor relations, and feature an enticing line-up of online published annual reports of listed companies ...

Exchange news

Bond issues for PTA Bank and Nigeria’s UBA Bank

New bond issues are springing across Africa, including Kenya’s Kengen issue for more power generation which closed on 29 September, and bank issues in Nigeria ...

Exchange news

Regulators seek to restore confidence in battered Nigerian capital market

Regulators and players in the Nigerian capital markets hope recent actions against five banks will restore confidence in the market, but it looks as if ...

Exchange news

JSE’s Africa Board: more travels and consultations

The JSE Ltd has three more countries in its first year programme, building links with leading issuers, regulators, brokers and African exchanges.