With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
Some of the hardest hit players during the 2008 crash, stockbrokers now look set to experience major regulatory changes in the coming years. Alongside stricter oversight and higher capital requirements from the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE) is upgrading its trading platform and spinning off its post-...
How can the strong performance of fixed-income assets encourage a viable retail trading platform?
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