NSE Directive on Capital Market Information: Afrinvest Halt Mailing of Daily Market Report

Market InformationBy Richard ABANGWU InvestAdvocate

Lagos (INVESTADVOCATE)-Dealing Member and Investment Research Firm, Afrinvest West Africa Limited Thursday said it will temporarily suspend the mailing of our Closing share prices, Nigeria Daily Stock Market Report and other market reports pending the resolution of the newly introduced licensing directive by the Nigerian Stock Exchange (NSE).

This is coming on the heels of the directive from the Nigeria’s Exchange mandating operators in the Nigerian Capital Market (NCM) to stop daily distribution of Capital Market information to clients and investors.

According to the NSE,  it wanted to make sure that the right and correct information is made available  by the operators to the investing public.

Again, the NSE plans to license operators for data distribution.

Similarly, Analysts from Meristem Nigeria Limited has sent out a Notice to its clients saying they have temporarily suspended sending out similar Market information to abide by the NSE’s directive.

 

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