Nigeria’s central bank has issued the country’s first merchant banking licences in more than a decade to South Africa’s FirstRand and local firm FSDH, it said on Friday. They are the first since the regulatory distinction between merchant and commercial banking was axed twelve years ago. Following many Western countries, […]
Author: InvestAdvocate
The NSE Revises Indices
Press Release November 23 2012 The Nigerian Stock Exchange (NSE) announced an error in the NSE 30 Index and Sectorial Indices. This problem has been attributed to a wrong Index Divisor used earlier which gave rise to a wrong index values. The head of Market Operations at The NSE, Mr. […]
NSE Lists Holding Companies …adjourns listing of Geo-Fluids Nigeria
Press Release In line with the Central Bank of Nigeria’s directive that banks operating in the country split up their commercial banking business from other financial service businesses, the Nigerian Stock Exchange (NSE) has commenced the delisting of select banks and the listing of Holding Companies in their stead. […]
