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Nigeria: Banking Stocks Rise Further On Sustained Demand By Investors
January 4, 2018--High demand for banking stocks at the stock market lifted their prices further yesterday, which was the second trading day for the new year.
Although the stock market closed on negative note with the Nigerian Stock Exchange (NSE) All-Share Index falling 0.20 per cent, the NSE Banking Index appreciated by 1.2 per cent.
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Source: AllAfrica.com
Nigeria:Nigeria Stock Exchange 2017-How Companies' Values Fell, Rose
January 3, 2018--For the second year running, Forte Oil maintained its leadership as the worst performing stock on the Nigerian Stock Exchange, NSE, in 2017 in percentage terms.
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Source: AllAfrica.com
Rand takes a breather
January 3, 2018--The rand has taken a breather from its strong push below R12.30/$ to currently trade around R12.45 against the greenback.
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Source: FIN24
African stock markets end 2017 on bullish note
January 3, 2018--African stock markets recorded impressive gains in 2017, with the Zimbabwean Stock Exchange the top performer with triple-digit growth.
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Source: FIN24
Rand resumes strong run, breaks below R12.30/$
January 2, 2018--The rand, which has traded on the front foot against a weaker dollar, improved around 10% in December alone.
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Source: FIN24
Nigeria:Nigerian Stock Market Among World's Top 5 Performers in 2017-Report
December 29, 2017--Nigeria's stock market has been named to be amongst the five top performers in 2017, topping equities markets of most major European, Middle Eastern and Asian countries, a CNN report has revealed.
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Source: AllAfrica.com
Rand's robust run stumps analysts
December 28, 2017--The strength of the rand has caught many economists by surprise as its rally looks set to continue, says financial market analyst James Paynter.
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Source: FIN24
NSE to introduce guidelines on derivatives trading
December 28, 2017--The Nigerian Stock Exchange, NSE, said it would soon introduce guidelines for creation, listing and trading of derivative products on its platform.
The Exchange disclosed this in a notice signed by Tinu Awe, General Counsel/Head Regulation of the NSE. The Exchange said the framework would also regulate the activities of the trading members and other market participants in the Exchange Traded Derivatives market.
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Source: vanguardngr.com
Rand rallies to pre-Gordhan ouster levels on Ramaphosa
December 27, 2017--It has taken South Africa's rand exactly nine months--and a new ruling-party leader--to claw back the losses it suffered after President Jacob Zuma unexpectedly fired finance minister Pravin Gordhan in March.
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Source: FIN24
Lagos set to overtake Johannesburg as 2nd largest African city by GDP
December 24, 2017--Lagos is set to overtake Johannesburg as Africa's second largest city by gross domestic product by 2035, according to a report by Oxford Economics.
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Source: FIN24
