Proshare Logo
   Market Date: 23-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

FG, regulators in crucial meeting to stem share price losses

Category: Capital Market

  Read (703)
FG, regulators in crucial meeting to stem share price losses

August 26 , 2008

The Ministry of Finance has summoned the regulators of the financial sector of the economy to a meeting to find ways of stemming the daily losses recorded on the country’s capital market. The institutions invited to the meeting include the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE).

The Director-General of NSE, Ndi Okereke-Onyiuke told dealers on the Lagos floor of the NSE that the meeting became necessary following huge losses recorded by investors in the capital market. It would be recalled that investors have so far lost about 37 percent of their cumulative investments between March 5 and August 22, 2008. Meanwhile, the NSE, dealers and chief executives of commercial banks met yesterday at the exchange to prepare a common position for the meeting with government. Okereke-Onyiuke said that apart from seeing the input of operators in the capital market toward engendering market based confindence, they would also use the platform to seek understanding of the banks on borrowed funds by investors.

\"While we appreciate that the issue is purely business, we are going to appeal to banks CEOs to show more understanding on the current state of the market,\" she said. Apparently disturbed by the impact of the current equity losses on investors, Okereke-Onyiuke said that the meeting between market regulators, dealers and banks CEOs would come up with business approach that would leverage the market further.

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Capital Market

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014