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Nigeria: NSE Records Over N12 Billion Turnover in Three Days
December 29, 2014--A turnover of 1.860 billion shares worth N12.760 billion was recorded in 13,469 deals by investors on the floor of the Nigerian Stock Exchange (NSE) last week, in contrast to a total of 5.409 billion
shares valued at N46.470 billion that changed hands in 22,986 deals during the preceding week.
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Source: AllAfrica.com
Nigeria: Equities Market Regains N1.396 Trillion on Investors' Interest
December 29, 2014--The Nigerian equities recorded an unexpected turnaround last week recovering, appreciating by N1.396 trillion.
The market had suffered an unprecedented decline in last few weeks hitting a two-year low in the previous week. The market capitalisation fell below the N10 trillion threshold, while the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declined below 30,000 threshold as well.
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Source: AllAfrica.com
Asia's emerging market rally boosts JSE
December 29, 2014--The All-Share index on the JSE was just above the 50 000 level, as an emerging market rally in
Asia pulled South African stocks higher.
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Source: FIN24
Rand almost 25% lower vs dollar in 2014
December 29, 2014--Falling exports and productivity disrupted by labour stoppages and erratic power supply have dragged the rand almost 25% lower
against the dollar in 2014.
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Source: FIN24
Sasol leads JSE lower in pre-holiday trade
December 24, 2014-SA stocks have ended a touchlower in a shortened session ahead of the Christmas break,
led by Sasol as the price of crude oil dropped below $61/barrel.
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Source: FIN24
Rand wavers in wake of strong US GDP
December 24, 2014--The rand has weakened against the dollar in what could be a negative trend for the
currency going into 2015.
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Source: FIN24
IMF-Oil Price Drop Highlights Need for Diversity in Gulf Economies
December 23, 2014--Decline in oil prices highlights need to diversify Gulf economies
Oil revenues distort incentives for region's firms and workers
New export markets, better education, fewer government jobs will be key
Countries of the Gulf Cooperation Council (GCC) will have to adjust the incentives of workers and firms to encourage them to work and produce in the non-oil tradable sector if these economies are to succeed in diversifying their economies, a new IMF study says.
With oil prices declining by 40 percent since June, the importance of diversification is once again highlighted.
view the IMF Note: Economic Diversification in the
GCC: Past, Present, and Future
Source: IMF
JSE ticks up on healthy US growth
December 23, 2014--The stock market has strengthened, riding an optimistic wave created by encouraging US growth data
that also lifted financial sector stocks.
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Source FIN24
Rand eases ahead of US data
December 23, 2014--The rand has been slightly weaker against a high-flying US dollar
as slow year-end trade kept the local unit in a tight range.
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Source: FIN24
Premium Times Special- Bitter Truths About Economy the Jonathan Govt Does Not Want Nigerians to Know
December 22, 2014--As is well known, available figures, statistics and ratings show that the Nigerian economy has consistently maintained an unprecedented growth rate of 6-7 per cent under the Jonathan administration.
They also show that the Nigerian economy is now the leading economy in Africa and the 26th largest in the world, with a gross domestic product of over $500 billion per annum.
Statistical indicators are like a woman's bikini, they hide or mask the most important details, while revealing what, to a casual observer, seem like a whole lot.
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Source: allAfrica.com
