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Nigeria: Investors Lose N271 Billion in Five Days
July 13, 2015--A combination of macroeconmic and political factors have forced the Nigerian stock market into massive slide as the market suffered its worst week losses since after the
inauguration of the President Muhammadu Buhari's government in May. Investors lost N271.7bn last week as market capitalization of the Nigerian Stock Exchange (NSE) reduced to N10.8trillion.
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Source: AllAfricanews.com
NSE Releases First Sustainability Report
July 13, 2015--The Nigerian Stock Exchange is pleased to announce that it has released its first Sustainability Report titled 'Connecting Nigeria to the world through a Sustainable Capital Market'.
The report demonstrates The Exchange's commitment to increased disclosure, expanded stakeholder engagement and thought leadership on sustainability as a key aspect of its business strategy.
The report which aligns with the Exchange's Corporate Social Responsibility framework, covers the four key impact areas it has devoted attention and resources:
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Source: Nigerian Stock Exchange (NSE)
JSE strengthens on Greece deal
July 13, 2015--The JSE has firmed after Greece's debt deal but moved cautiously after a strong opening, as the country
still has to cross many bridges to solve its economic crisis.
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Source: FIN24
Rand mostly flat, investors still eyeing Greece
July 13, 2015--The rand has been mostly flat against the dollar and is likely to tread water as investors eyed
ongoing efforts to secure a bailout for debt-ridden Greece.
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Source: FIN24
JSE up on Greece deal hopes
July 10, 2015-Share prices on the JSE have opened sharply higher, supported
by the continuing recovery on the Chinese markets and new hopes of a deal with Greece.
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Source: FIN24
Rand climbs as risk appetite recovers
July 10, 2015--The rand has gained for a second day as renewed optimism over a Greece deal halted an emerging market
sell-off that had pushed the local unit to four-week lows.
Nigeria: Delta Remains Haven for Investors, Says Okowa
July 10, 2015--Governor Ifeanyi Okowa has said that Delta State would remain a favourable destination for investors.
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Source: FIN24
UN Economic Development in Africa Report 2015
July 9, 2015--The services sector critical source of income and employment in Africa. As the most dominant sector in many African economies, it has become a dynamic driver of growth in the continent in recent years.
This dynamism, however, has not translated into a structural transformation of the continent. Africa's services provision remains suboptimal and is delivered at a high cost. Various regulatory and policy shortcomings prevail, which explain these inefficiencies and impede Africa’s capacity to fully capitalize on the potential of its services sector. If the continent is to fully realize the benefits of development, services must play an enhanced role in the growth process.
Hong Kong stocks surge 3.73% by close
July 9, 2015--Hong Kong stocks have surged more than 3% by the close on bargain-hunting and a rally in Shanghai after China
announced new measures to staunch a mainland rout.
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Source: FIN24
JSE rebounds on China recovery
July 9, 2015--A strong recovery by the Chinese stock market has triggered a firm technical rebound on the JSE,
with all major indices except gold solidly higher by midday.
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Source: FIN24
