June 22, 2020/SEC Nigeria Sequel to the publication of new Rules relating to Collective Investment Schemes in December 2019, the Commission hereby issues the following clarifications to facilitate effective compliance with the new CIS Rules. All Fund Managers of Collective Investment Schemes are required to comply with the provisions of […]

June 22, 2020/InvestmentOne Update ASI as at 12.00pm: +0.01%  Market movers:  WAPIC (+9.09%), JAPAULOIL (+8.70%), NEIMETH (-9.74%) and NAHCO (-9.62%). Sector Performances: Consumer Goods (+0.14%), Banking (+0.11%), Oil & Gas (-0.22%) and  Industrial (-0.01%). Market activity: In today’s early trade, total volume and value declined by 24% and 12% respectively, compared to this time last week Friday as investors have traded about 48million units of shares worth about N445million. JAPAULOIL (+8.70%) is the most actively traded stock thus far […]

June 19, 2020/Cordros Report Global economy According to the US Commerce Department, sales at US retailers roared back in May as the economy started to reopen and claw its way out of what’s likely to have been the shortest and deepest recession in American history. Retail sales jumped a record […]