By InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Thursday returned to the Nigerian Stock Exchange (NSE) as benchmark index fell by 1.80 percent to close at 27,379.95 points. “Today’s performance increased the Month-to-Date and Year-to-Date losses to 2.25 percent and 4.41 percent respectively,” according to Cordros daily market update. The report says […]
Updates
IOSCO Good Practice for CIS Fees and Expenses seeks to enhance market efficiency
August 25, 2016/IOSCO The Board of the International Organization of Securities Commission today published the final report on Good Practice for Fees and Expenses of Collective Investment Schemes (CIS), which aims to identify common international examples of good practice that can be applied to CIS fees and expenses. Regulators have […]
Nigeria naira at record black market low, stocks sink as FX bans weigh
August 25, 2016/Reuters Nigeria’s naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 the previous day, after the suspension of some banks from forex trading made dollars even harder to obtain. The central bank suspended nine commercial banks […]
