The rally in the equities segment of the Nigerian Stock Exchange, continued on Wednesday, with major indices closing positive. The market capitalisation of the listed equities gained N52bn or 0.6 per cent from N8.286tn on Tuesday, to close at N8.338tn. Similarly, the NSE’s All-Share Index was up by 164.51 basis […]
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Four states to borrow N507bn from bond market
The Rivers, Osun, Gombe and Lagos state governments have filed applications with the Listings Regulation Department of the Nigerian Stock Exchange to raise N507bn in bonds from the capital market. Investigations by our correspondent revealed that since 2010, most state governments had been approaching the capital market to raise bonds […]
SEC Plans Independent Director for Broking Firms
The Securities and Exchange Commission (SEC) is planning to introduce independent directors to the boards of stockbroking firms as part of efforts to strengthen corporate governance among broking firms and restore investor confidence in the market. Currently, listed companies are required to have independent directors on their board, who are […]
