Updates

Recession-hit Nigeria targets economy to grow at annual 7 percent by 2020

February 7, 2017/Reuters Nigeria is targeting economic growth of at least 7 percent a year by 2020, the Ministry of Budget and National Planning said on Tuesday, a far cry from its current recession, the first in 25 years. Nigeria’s economy is heavily dependent on exports of crude oil and […]

NSE Remains Pressured, as Massive Sell-offs in Consumer Goods Counters Drag ASI Lower 0.55%

By InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) on Tuesday remained pressured with heavy selloffs in consumer goods stocks, dragging the all-share index (ASI) lower by 0.55 percent to close at 25,446.66 points. “Today’s performance increased the Month-to-Date and Year-to-Date losses to 2.26 percent and 5.31 percent respectively, according […]

World Federation of Exchanges publishes white paper on CCP recovery & resolution

February 7, 2017/WFE The World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a white paper entitled ‘The interplay between Central Counterparty (CCP) recovery and resolution: a global perspective’, setting out the views of the exchange and CCP community from […]