NSEASI Records Marginal Improvement; Proshare Launches a New & Robust Website - Feb ’16 SSS Report


Wednesday, March 02 2016, 04.02PM / sss@proshareng.com

The performance of the Nigerian Equities Market improved in the month of February 2016 as the NSE ASI closed uptick with +2.74% gain as against -16.50% loss recorded in the month of January 2016. Regardless of calls from various market analysts that the market would close the year in the negative territory, initiatives appear underway to ensure that market confidence is restored, while the bearish trend subsides.

On regulators, the Securities and Exchange Commission held a workshop in conjunction with National Judicial Institute on “Effective Disputes Resolution – A Panacea for the Transformation of the Nigerian Capital Market”. Participants advocate various approaches through which the theme of the workshop can be achieved. 

The National Council of the Nigerian Stock Exchange in the course of month approved the renewal of contract of employment of Mr. Oscar Onyema for another five years as the Chief Executive Officer of the Exchange. His first tenure expires by March 31st, 2016.

Meanwhile, Proshare Nigeria Ltd, the operator of WebTV, TheAnalyst, Economy&Politics, TheRegulator, TheNigerianInvestor and Newsstands, on 29th February, 2016, launched a new website Proshare 10.0 in a move towards repositioning, brand consolidation and site responsiveness.

The new Proshare 10.0 will witness the transformation of its already existing platforms like the TheAnalyst to be known as Proshare Markets, Economy & Politics as Proshare Economy, with an inclusion of new segments such as Proshare Finance, Proshare Start Ups, and Proshare Technology.

The newly launched Proshare 10.0 which would be unveiled in phases will have 8 sections altogether and they are; (1) Proshare Business (2) Proshare Regulators (3) Proshare WebTV (4) Proshare Markets (5) Proshare Economy (6) Proshare Finance (7) Proshare Start-Ups and (8) Proshare Technology.

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 February 2016 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 sss@proshareng.com

Thank you.

For: Analyst Editorial Board

Reshu BAGGA 

CEO, The Analyst 

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