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SEC Urged to Manage Investment Risks Through Counterparty Clearing

The Securities and Exchange Commission (SEC), has been urged to adopt a central counterparty (CCP) ecosystem to manage investment risks in Nigeria’s capital market. Central counterparty clearing is a financial instrument that takes on counterparty credit risk between parties to a transaction, and provides clearing and settlement services for trades in foreign exchange, securities, options, …

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Stock Market Upbeat as Index Rises by ₦69 Billion

Following price gains recorded by most bellwethers, transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened in upbeat yesterday, as market capitalisation appreciated by ₦69billion.   Specifically, at the reopening of transactions, after a one-day public holiday declared by the Federal government to mark the Eid-el Maulud celebration, the market capitalisation of listed …

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Understanding Mutual Funds II

Mutual Funds as previously discussed in “Understanding Mutual Funds I” are investment vehicles set-up by licensed Professional Fund Managers that can be likened to what some people call “Ajo or Esusu” because they pool money from different investors together. However, unlike “Ajo or Esusu” which just gives back the total amount contributed, Mutual Funds are …

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