Strong indications have emerged that the Securities and Exchange Commission (SEC) is aiming to prune the number of stockbroking firms to 50, from the current a 250 active firms. As at December 2013, SEC registered brokers were about 281, with 250 of them being active. According to SEC, 20 per […]
Capital Market
NSE Seek Proposal on Independent Research Reports on Firms with Market Cap of $50 million/below
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said its seeking invitation for submission of proposal to provide independent research reports on small capitalised firms of $50 million and below listed on its Bourse to attract investors’ interest. This is contained in a Statement posted on the website […]
Asian shares tumble to three-week low on China services PMI
Asian shares fell to a three-week low on Monday after growth in China’s services sector slowed sharply last month, raising concerns about the pace of recovery in the world’s second-largest economy, while safe-haven gold climbed. The dollar hovered near a four-week high, supported by an upbeat outlook for the U.S. […]
