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FG decides to provide forbearance to stockbrokers, says Ngozi Okonjo-Iweala

Finance Minister and Co-ordinator of the Economy, Mrs. Ngozi Okonjo-Iweala; today said that the Federal Government will release a forbearance package to stockbrokers as part of measures to stimulate confidence in the Nigerian capital market which should hopefully increase liquidity.

This is based on the assumption that this handicap is the key hindrance to market recovery rather than the unresolved fraud cases involving key and leading players in the market.

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Daily Market Updates

310512 Nigerian Stock Market sustains downtrend as bearish sentiments persist.

Today, unprofitable transactions continued to permeate the Nigerian bourse as the bears further exerted their grip on the market for the third session in a row due to unrelenting sell pressure witnessed across the main board while the NSE Index looks set to dip below 22,000 psychological line.

Nevertheless, the key benchmark indices maintained downtrend as sentiments remained red, taking hits majorly from Large CAP stock which was particularly driven by Zenith Bank while Medium CAP stocks also contributed to the outlook recorded today due to continuous sell pressure witnessed in Conglomerates, Consumer Goods, Financial services and Oil & Gas sectors.

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CMA announces Executive Development Programmes in Association with Proshare

The Capital Markets Academy is pleased to announce a suite of Executive Development Programmes to be held in Lagos in 2012, in association with Proshare Nigeria.

Delivered by leading international experts and featuring guest speakers from the Nigerian Financial Community, these interactive programmes have been specifically designed to

Facilitate greater understanding of the key products within the Nigerian Capital Markets today

· Equip staff with practical learning they can apply immediately in their roles

· Enable attendees to benefit from a highly interactive learning approach


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Nigerian Economy & Power

Nigeria bills threaten c.bank role-governor

The New Electricity Tariff: the benefits and the Fears


Investors NewsBeat

FBN Shareholders encouraged to move with the times

Corporate Earnings

COURTVILLE declares N53.2m PAT in Q1 '12 result,(SP:N0.52k)

Believability index shows LIVESTOCK likely to deliver 69% of Q3 PAT forecasts


Article: Proshare Law

Legal Alert - May 2012 - Admissibility of Electronic Evidence(5/31/2012)

Reports

CBN - Deposit and Lending Rates for the Banking Industry as at May 25, 2012 (5/31/2012)

Facts Behind the Figures Presentation by Courteville Plc


CBN - Circular to all Nigerian Deposit Money Banks, Microfinance Banks & Primary Mortgage Banks on the Use of the National Identity Number (NIN) for the Know Your Customer (KYC) Verification

Governor babatunde Raji Fashola discusses urbanisation at the Africa Cities Summit 2012 First bank Pre AGM; GMD, Onasanya encourages aged shareholders to embrace e reports 300512 Modern Warehouse with Perishable Cargoes handling commissioned - 310512
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