Nigeria has vast economic potentials, with a population of 170 million, a nominal GDP of $175billion in 2006, and a current GDP of over $522.64billion in 2014, with an average growth rate of 6.14% from year 2005-2014. Nigeria is currently the largest economy in Africa, one of the four largest economies in Africa and accounts for at least 41% of West Africa's GDP.
The registrar business and function in Nigeria is highly correlated with stock market trading, performance and activities as they represent one of the key and inevitable CMO (Capital Market Operator) in the chain of stock trading.
The establishment of the Investors Protection Fund maintained by the Nigerian Stock Exchange over the last two years, was premised on the fact that it will help to restore investor confidence in the market and make the market very attractive and competitive in line with global standards.
The Nigerian Stock Exchange through its latest circular to the market reiterated its decision to go ahead with the implementation of the “Minimum Operation Standards” (MOS) for Dealing Member Firms of The Exchange with effect from 2015.
The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation of African entrepreneurs – is now open for entries through its application portal
The Nigerian Stock Market in 2014 closed negative with the key market indicator, NSE ASI, far below what was expected at the beginning of the year. Nonetheless, Market regulators, operators and every other stakeholders will expect that 2015 will be a year of new developments and growth in terms of positive market performance and reactions.
The first set of the Dangote Cement bags, the 3x Premium, will hit the Cameroun market in January 2015, the management of the company has said. Conducting the Cameroonian media round the 1.5 million metric tonnes per annum capacity plant in Douala, the General Manager of the Plant, Engineer Baba Abdullahi said the plant was already being test run and full production would start next month.
It is no gainsay that the introduction of online trading portals have revolutionized stock trading in the Nigerian Capital Market space, as more dealing firms continue to follow similar steps after Meristem Securities Ltd pioneered the launch of online trading portals with her Meritrade.