Nigerian Exchange Group Plc has had an excellent start to trading its shares on its own securities exchange after listing by introduction on 15 October at NGN16.15 per share (market capitalization NGN 31.7 billion/ $77.2 million) before an active first day saw it soar to NGN 17.75. Last week (starting 18 Oct) it topped at […]
Dynamic Nigerian entrepreneurs are in focus after the Nigerian Stock Exchange launched a growth board for fast-growing small and medium enterprises (SMEs) to help businesses raise long-term risk capital and grow. At the 29 January the bourse outlined the services on offer for businesses in the growth cycle. Services offered include: pre-listing diagnostics, institutional services […]
Next step in the long demutulization of Nigerian Stock Exchange will be a court ordered meeting and an extraordinary general meeting. The demutualization is set to transform another of Africa’s most dynamic exchanges. Last month (January 2020) the bourse received a letter from the Securities and Exchange Commission Nigeria with “no objection” to its planned […]
Tomorrow (17 April) is the last day to register for the 7th Building African Financial Markets (BAFM) seminar with a top lineup to debate the future of Africa’s exchanges. It will be on 19-20 April and is organized by African Securities Exchanges Association and hosted by Nairobi Securities Exchange, Kenya.
The 6th Building African Financial Markets (BAFM) seminar had many top presentations on theme: “Global Best Practices to Enhance the African Capital Markets” with more than 100 delegates and top speakers from Africa and abroad.
“There are only 32 REITs (real-estate investment trusts) in Africa with South Africa being the largest REIT market having 27 REITs and Nigeria second with 3 REITs listed”, according to Oscar Onyema, CEO of the Nigerian Stock Exchange. He said REITs are only available in 4 countries – Ghana, Nigeria, South Africa and Kenya – […]
Leaders and movers of African capital markets are heading to Casablanca for the 6th Building African Financial Markets (BAFM) capacity-building seminar on 18-19 May, organized by Casablanca Stock Exchange with the African Securities Exchanges Association.
The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed an MoU to deepen and connect Africa’s financial markets and mobilize more resources to drive growth.
Opening remarks of Oscar Onyema, CEO of Nigerian Stock Exchange and President of African Securities Exchanges Association’s at the 2015 conference, hosted by Johannesburg Stock Exchange (JSE).
Africa’s securities exchanges gather for their flagship conference in Johannesburg from 15-17 November. The 19th African Securities Exchanges Association annual summit is hosted by Johannesburg Stock Exchange.
The new President of the African Securities Exchanges Association (ASEA) put forward 4 strategic objectives for the member bourses. Oscar Onyema, CEO of the Nigerian Stock Exchange, was elected President at this week’s ASEA conference in Kenya.
The framework for linking West African securities exchanges starts with direct market access (DMA). A stockbroker on one West African exchange can transact on the Nigerian market through the system of an approved Nigerian stockbroker.
The Nigerian Stock Exchange is looking for external advisers to drive its demutualization process.
Africa’s 24 stock markets should learn to work together better if they are to seize high levels of investor interest, said Nicky Newton-King, CEO of South Africa’s JSE Ltd. She told an interviewer that plumbing, – technology and other links between exchanges and clearing and settlement – were more likely routes to more liquidity than trying to create a single exchange.
Launch today (3 Dec) of the 16th annual conference of the African Stock Exchanges Association, hosted by The Egyptian Exchange (EGX). This is the great annual gathering of Africa’s stock exchange leaders, visionaries, regulators, IT specialists, investors and many others.
Today the Nigerian Stock Exchange is to launch its market-making programme. This will be a hybrid process, with market makers offering 2-way (buy-sell) price quotes in selected securities and a continuation of the current process in which licensed broker/dealers of the NSE submit orders.
West African stock exchange leaders are again talking about integrating the markets. The exchanges in Ghana, Nigeria, Sierra Leone and Cote d’Ivoire have said they will seek to integrate by 2014.
The Nigerian Stock Exchange says it will have the fastest trading system in Africa when it upgrades its trading to NASDAQ OMX Group’s X-Stream platform, with a target date of second quarter of 2013. The new system will handle a wide range of instruments.