May 09, 2018 10:54 AM / Research@proshareng.com
Nigerian Stock Market closed the month of April 2019 in red as NSEASI dipped further by -6.06% as against -2.14% loss recorded in the month of March 2019 while the NASD USI closed in green with +0.06% gain recorded at the end of the month under review as against +3.07% gain in March 2019.
On market development, regulation and investors protection, the Securities and Exchange Commission and the Federal Competition and Consumer Protection Commission (formerly Consumer Protection Council) issued a joint advisory and guidance on mergers, acquisitions and other business combinations. Following the signing of the Federal Competition and Consumer Protection Act 2019 into law by Presient Muhammadu Buhari in January 2019, a role for the FCCPC is to review all mergers and other business combinations or arrangements to ensure that such combinations do not distort or impede the markets becomes effective.
Prior to the enactment of this Act, and transmutation of the Consumer Protection Council (CPC) to the FCCPC, merger reviews, including notifications were handled by the Securities and Exchange Commission (SEC) pursuant to the Investment and Securities Act (ISA).
The FMDQ Hosts Inaugural Meeting for Lagos Financial Centre for Sustainability, Commences Derivatives Market Training Series for Market Participants. Other activities around the FMDQ OTC market is the listing of the FGN latest Eurobonds and the Supporting of Climate Change Solutions and Sustainable Development as it admits the Pioneer Climate Bond Certified Green Bond to its Platform.
In this edition of The Nigerian Capital Market Service Report, we continue the updates of our data section with latest figures on Economic indicators & Upcoming Events in the market and economy. This is to ensure that we deliver a comprehensive capital market service report that helps cover and track innovations, developments as well as service issues in the market effectively.
In all, the April 2019 SSS Quality Report is a snapshot and aide memoire of developments in our market - tracking milestones that the investing public should be aware of. Do feel free to share your opinions/observations and feedback with us vide email@example.com
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CEO, The Analyst