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SEC unveils plan to reduce market volatility

By Agency Reporter WASHINGTON: The Securities and Exchange Commission unveiled a long-awaited plan designed to protect the markets from volatile price swings following the May 6 “flash crash.” According to a report by Reuters on Wednesday, the so-called “limit up-limit down” proposal, announced by the SEC on Tuesday, would require […]

Nigeria’s AMCON completes 1.7 trln naira bond issue

By Chijioke Ohuocha * Latest two tranches priced with 11.8 percent yield * AMCON bonds to be eligible for short-selling * Bad loan ratio to be capped at 5 percent Nigeria‘s state asset management company completed a 1.7 trillion naira ($11 billion) bond issue on Wednesday, attracting yields significantly below […]

Courteville signs $10 million deal with Sierra-Leone on vehicle documentation

Peter OBIORA investadvocate Lagos (INVESTADVOCATE) – Courteville Investment Plc, operating in the Commercial/Services Sector of the Nigerian Stock Exchange (NSE) today Wednesday April 06 2011 signed a deal with Sierra-Leone worth $10 million (N1.5 billion) for the next 10 years to administer the Country’s Motor Vehicle documentation. Adebola Akindele, Managing […]