Capital Market

Africa’s Top Exchanges Plans Cross Listings of ETFs

August 12, 2015/JSE There is a move afoot that will lead to improved liquidity on Africa’s exchanges. This move will see increased cross listings of Exchange Traded Funds (ETF’s) on the larger exchanges on the continent. There is a concerted effort from ETF issuers in various markets to cross list […]

SEC Undergoes Restructuring, Cuts Zonal Offices to 3

Wednesday August 12, 2015/SEC The Securities and Exchange Commission (SEC) is undergoing a major restructuring of its operations aimed at boosting staff morale and improving service delivery to all stakeholders. The restructuring entails both a review of the organisational structure as well as a voluntary retirement scheme to trim down […]

Naira now 221 as CBN sells dollars

The naira on Wednesday appreciated to 221 from 224 against the dollar at the parallel market after the Central Bank of Nigeria sold about $80m to Bureaux de Change operators. The United States currency was sold to the BDCs at N197, helping the naira to strengthen at the black market. […]