Equities market closed today on a positive note, as NSEASI appreciated by +0.64% to close at 32,614.06basis points as against +0.67% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +3.77%.
Further to deliberations with the Association of Issuing Houses of Nigeria (AIHN) and in a bid to accommodate changes which may be made to the terms of a proposed transaction prior to approval, the Commission resolved to introduce some flexibility to the timing for filing consent letters with the Commission.
The Financial Conduct Authority (FCA) has today published the final report of its Wholesale Insurance Brokers market study which was launched in November 2017 to assess how competition was working in the sector.
In August last year Proshare wrote a deep dive analysis on several corporate governance infractions of Fortis Micro Finance Bank, a large micro finance lender listed on the Nigeria Stock Exchange (NSE).
It fails to excite vision, it fails to ignite passion and it simply tries to steady a course that has seen the economy stall to a growth rate of about 2% (max-out); a figure which the latest IMF estimates expect to be the growth index for 2019 (more of the same). Why and where will growth come from? The budget has rested on a cushion of figures rather than a philosophy of progress.