United Bank for Africa Plc has been selected as one of the few securities from 19 African stock exchanges included in the FTSE African Securities Exchanges Association’s Pan African Index. The FTSE ASEA Pan African Index, which was created in December 2012, is a free float market capitaliwation weighted series […]
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Nigeria Bourse to List Five Exchange-Traded Funds This Year
The Nigerian Stock Exchange plans to list five exchange-traded funds this year to increase products available to investors, Chief Executive Officer Oscar Onyema said. The bourse will also carry out research to prioritize the start of futures and options trading next year, with a goal of deepening the market, he […]
Chinese solar producer Suntech declares bankruptcy
Suntech, one of the world’s biggest solar panel manufacturers, was forced in bankruptcy court Wednesday, becoming the latest casualty of a painful slump in the global solar industry. Suntech Power Holdings Ltd. said eight Chinese banks asked a court to declare it insolvent after the company missed a $541 million […]
