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Nigeria 'Pension Funds Investment to Lift Equity Value to N3tr By 2019'
December 8, 2014--CHANNELING Pension funds investment into the nation's capital is capable of increasing the value of listed equities in the market from the current N500billion to N3 trillion by the year 2019, the Group Chief Executive Officer, UBA Capital, Mrs Oluwatoyin Sanni has said.
Sanni, who stressed the need for an upgrade of PFA investment guidelines such that it would promote investment in nations capital market for full utilization, noted that the Nigeria large population which is currently in excess of 170 million suggested that the figure is achievable.
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Source: allAfrica.com
JSE stocks mostly at a standstill
December 5, 2014--Financial shares have been in the spotlight as investors continue to seek value in a market
which seems to be mostly in state of stalemate.
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Source: FIN24
Rand on the ropes as economy weighs
December 5, 2014--The rand has traded within reach of the previous day's three-week lows against the dollar,
weighed down by concerns over the impact of the power crunch.
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Source: FIN24
JSE resources lose out on dollar surge
December 4, 2014--Resources shares have again been the biggest
losers as the JSE's top indices struggle to establish a solid foothold for future growth.
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Source: FIN24
Rand under pressure as euro weakens
December 4, 2014--The rand has weakened almost 1% against a rising dollar,
tracking a euro under pressure from bets that the ECB will announce more monetary stimulus.
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Source: FIN24
Rand weakens against dollar
December 3, 2014--The rand has weakened against a rising dollar,
tracking a euro under pressure from bets that the European Central Bank will announce stimulus plans.
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Source: FIN24
Sanity returns to JSE as oil recovers
December 2, 2014--The oil price recovered
sharply after hitting a five-year low, which gave other resources on the JSE a boost and lifted the Resources index.
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Source: FIN24
Oil price dive causes JSE volatility
December 1, 2014--Commodity stocks dropped alarmingly before rallying again as the tumbling oil price
continues to cause ripple effects throughout the global economy.
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Source: FIN24
Rand extends losses on deficit shocker
December 1, 2014--The rand has extended losses against the dollar,
tumbling towards fresh three-week lows after weaker exports underscored the growing fragility of the economy.
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Source: FIN24
South Africa: "Collaboration of Nigerian, Johannesburg Exchanges Would Create Opportunities for Investment, Economic Growth"
December 1, 2014--Recently, top directors of the Johannesburg Stock Exchange (JSE), South Africa were in Lagos to firm up a working partnership with the Nigerian Stock Exchange (NSE).
Afterwards, JSE's Director, Capital Markets, Donna M. Oosthuyse told OLAWUNMI OJO that the partnership would, among other things, help develop products South African and Nigerian investors could benefit from, opportunities for cross-listings on both Exchanges, chart a course for new African currencies and further engender growth of other African countries' economies.
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Source: allAfrica.com
