Okumagba replaces Olushekun as CIS President

The Chartered Institute of Stockbrokers says Mr. Albert Okumaga has been elected as its president and chairman of council. The institute said in a statement made available to our correspondent on Thursday that Okumagba replaced Mr. Ariyo Olushekun, whose term of office expired at the conclusion of i... [More]

Discos listing: Stockbrokers restate readiness to work with BPE

According to Okumagba, who is also the chairman of the annual workshop, “the capital market will offer the Discos the financial capacity to finance their expansions.” Speaking further on the workshop, which holds from April 23-25, 2014, with the theme “Update on the transformation ... [More]

Money market funds drive over N2bn loss in CIS asset value

From February 7 to February 28, 2014, value loss witnessed in money market funds impacted negative on the net asset value of Collective Investment Schemes (CIS) regulated by the Securities and Exchange Commission (SEC). The net asset value of CIS managed by different fund managers dropped from N168.... [More]