Strong indications have emerged that the Securities and Exchange Commission (SEC) is aiming to prune the number of stockbroking firms to 50, from the current a 250 active firms. As at December 2013, SEC registered brokers were about 281, with 250 of them being active. According to SEC, 20 per […]
Tag: Nigerian Stock exchange
NSE Seek Proposal on Independent Research Reports on Firms with Market Cap of $50 million/below
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said its seeking invitation for submission of proposal to provide independent research reports on small capitalised firms of $50 million and below listed on its Bourse to attract investors’ interest. This is contained in a Statement posted on the website […]
Nigerian finance resurges but investors still shy
Nigeria’s financial markets posted healthy gains in 2013 but five years on from the global financial meltdown, local investors are still wary of sinking their money into stocks. The market capitalisation of the nearly 200 listed companies on the Nigeria Stock Exchange (NSE) rose by 41 percent in the 12 […]
