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Why the market still remains down beat |
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The bears have maintained their tight grip on the floor of the Nigerian stock exchange despite the efforts made by regulatory authorities, the Finance Ministry, The Central Bank of Nigeria, the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to chase the bears out. |
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Daar Communications lists on the NSE |
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Daar Communications emerged as the first broadcasting outfit to list its business on the floor of the Nigerian Stock Exchange (NSE) on Friday. The listing comes after the company had a successful initial public offer earlier this year. |
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CBN Restricts Repatriation of Foreign Investment in Securities |
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The Central Bank of Nigeria (CBN) has amended the guidelines for foreign investment in government securities such as the Nigerian treasury bills and Federal Government of Nigeria bonds (FGN bonds). |
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