THE NIGERIAN STOCK EXCHANGE (NSE) SEEKS FOREIGN COMPANIES TO LIST ON THE EXCHANGE…….

nigerian stock exchange bldng   nigerian stock exchange pic

By: ECONOMIC & FIANANCE REPORT

The Nigerian Stock Exchange (NSE) will widen its scope on listing foreign companies on its exchange. They are doing so to broaden the demographic of foreign investment into the country. Companies who are seeking to invest in other parts of Africa will be included in the NSE and not limited to.

The the (NSE INDEX) has risen slightly  over the past few weeks, but it still has ranked way lower then the other 14 African Indexes currently. New rules will be accompanying the NSE in 2015. Regulations and rules that will be adhered; will concentrate on the markets performance as it relates  to Nigeria’s social, political, and economical issues and how the government manages to deal with the issues at hand.

Domestic/local investors are presumed not to be affected greatly by the drawn down of oil prices because of the preparation that was foreseen by the Nigerian Central Bank and the Nigerian Finance Ministry, but now the new rules and regulations will be able to hedge more on the risk as it is pertained in the future markets…

-SB

NIGERIA’S SEC CHIEF EXITS AFTER 5 YEARS ON THE JOB!!!!!!!

Arunma Oteh 2

BY: ECONOMIC  & FINANCE REPORT

 The head of Nigeria’s Securities and Exchange Commission Aruma Oteh has vacated her post after one full term. Ms. Oteh first came into the post during former President Umaru Yar’adua’s tenure in January 2010.

Ms. Oteh’s was  widely seen and hailed as a reformer, wanting to make Nigeria’s financial markets first class in Africa and the rest of the world. Her initiatives led to newer and up to date regulated (NSE) Nigerian Stock Exchange rules, that allowed fair accountability and competitiveness been businesses and financial trading.

-SB