By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Tuesday closed red as all-share index (ASI) declined 1.26 percent to close at 29,553.69 points, while market capitalisation was down N125 billion to N9.86 trillion. With the second straight loss this week on the Nigerian Stock Exchange (NSE), current market Year-to-Date (Y-t-D) […]
Capital Market
Nigeria’s $1.55 Billion Sovereign Wealth Fund Has Good Year on Dollar Investments
By Investadvocate Lagos (INVESTADVOCATE)-Nigeria’s $1.55 billion sovereign wealth fund (SWF) had a “good year” on investments toward dollar assets, a Bloomberg report quoted Uche Orji, chief executive officer (CEO) ofNigerian Sovereign Investment Authority (NSIA). “Our currency position was great as we were very long the dollar, it was the only […]
SEC Proposes New Rules/Amendments on Fund/Portfolio Mngt, Capital Market Ops
March 17/SEC The following proposed new rule and amendments to the Commission’s rules and regulations are being exposed to stakeholders/general public for comments and input: A. Proposed rules on Fund/portfolio management operations B. Proposed amendments to various SEC rules on capital market operations; 1. Rule 19 (8) – Sponsored […]
