Why the market still remains down beat
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
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
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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Banking News

For Nigerian bankers, July 6, 2004 is one date they will never forget. This is the day a total outsider to the banking industry permanently upturned the way they have been doing banking business in the country in the last 100 years.

Stocks Watch

Five consecutive days of losses in both the All Share Index (ASI) and the market capitalization of the Nigerian Stock Exchange (NSE) has left the market at a year low.