Updates

SEC Proposes New Rule & Sundry Amendments

21/10/2016/SEC New Rule Proposed Rule for the Three-Tiered Know-Your-Customer (KYC) Framework for Capital Market Operators Sundry Amendments a. Proposed amendment to Rule 39(2) -Proposed New Rule on Fast Track Filing of Annual Reports b, Proposed amendment to Rule 305 -Proceeds of Issue c, Proposed amendment to the National Investor Protection […]

Can AGOA Help the Naira?

Culled—Proshare October 22, 2016 /NASD Plc Recently the Nigerian Economic Summit launched what could well be a ‘Made in Nigeria’ philosophy.  As the last “excess” from Nigeria’s crude oil production capacity dries up, the needs are startlingly obvious. The need for import reduction, local substitution and export generation highlight an […]

Nigerian bourse pushes back derivatives launch to 2017 – CEO

22/10/2016/Reuters By Karin Strohecker Nigeria’s stock exchange, Africa’s second largest, will push back the launch of derivatives trading to 2017, starting with stocks futures once a clearing house has been established, its chief executive Oscar Onyema said on Friday. “We have been working very hard to set up a central […]