Tag: OTC

South Africa grants first bourse licence in over 100 years

Wed Mar 30, 2016/Reuters South Africa has issued its first stock exchange operating licence in more than 100 years, paving the way for a local company to compete with the Johannesburg Stock Exchange (JSE). ZAR X Stock Exchange said on Wednesday it would start operating in September after securing approval […]

NSE Sustains Positive Momentum; FGN Bond Yields Rise at OTC

February 29, 2016/Cowry Assets Research The equities market advanced mostly on the back of industrial stocks as evident by the rise in the NSE Industrial Index which advanced by 2.48 percent. Consequently, key market indicators, the NSE ASI and market capitalisation, each advanced by 1.41 percent. Gainers & Losers Shares […]

Private Placement: Barcelos Cancels Listing on Nigerian Bourse

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Portuguese branded eatery Food Emporium International Limited (Barcelos) will no longer list its shares on the floor of the Nigerian Stock Exchange (NSE) as promised in its 2008 private placement memorandum. Wale Agbeyangi, Managing Director (MD) Cordros Capital Limited, co-financial advisers to the company’s placement […]