THE New Vision was the most liquid counter at the Uganda Securities Exchange on Tuesday pushing up total turnover to sh182.3m, compared to sh86.7m realised a week ago.

As part of efforts of further deepening the market, the Council of the Nigerian Stock Exchange (NSE) Tuesday, through its quotation committee, approved N18.975 billion issues for four companies in the Mortgage, Chemical & Paints, Leasing and Emerging Markets Sectors.

Equity Market

The ongoing crisis in the banking industry has been identified to affecting the continuing dwindling confidence by investors in the Nigerian capital market.

SA's resource-heavy top-40 index reversed six successive sessions of gains by ending 1,57% lower yesterday after emerging-market equities were sold off due to a stronger dollar and consumer confidence in the US was weaker than expected.

THERE are always stocks that are overvalued relative to other stocks. But picking stocks that will go down in price is no easy task. That's why so many professional hedge funds short only the major indexes these days. They simply

Zamfara State people have been enjoined to invest in capital market to ensure a well-protected future.

Equity Market

Legal experts from the East African Community (EAC) are meeting to refocus their work plans to laws that directly concern the implementation of the Common Market Protocol.

Life seems to have returned to the Botswana Stock exchange as investors become more optimistic about the bourse and the country's economic performance generally.

Capital market players will soon operate under a new stringent regime, as the regulator moves to bring order to a sector that has seen rogue brokers literally smile all the way to the banks with client's money.

THE Treasury unexpectedly announced sweeping new measures to relax exchange controls yesterday in a bid to weaken the rand to a more "competitive" level and cut red tape for investors.

Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said the apex bank aims to keep the naira exchange rate at "around N150" per dollar and avoid fluctuations of more than 3 per cent.

Nairisation' of crude (crude oil, condensate and gas) describes how our oil receipts can be adapted as effective and cost efficient tool in the strategy to make Nigeria one of the world's top 20 economies by the year 2020.

Importers are making merry over the current strength of the Shilling, saying it will boost their purchasing power. But the situation is leaving exporters in a tight corner as they anticipate lower demand for their exports.

The International Monetary Fund (IMF) yesterday harped on the need for Nigeria to develop a clear framework for dealing with bank failures while forecasting a recovery in the country's economic growth next year.

THE Government has said that it acquired a loan from the African Development Bank (AfDB) to support vulnerable families under the food crisis response programme for 2009 and 2010 after member countries of the financial institution made the request.

The Commonwealth Secretariat was chosen this week as a major partner for delivering up to US$600,000 in youth enterprise development and mentoring schemes across Africa, helping young and aspiring entrepreneurs to set up businesses and escape from poverty.

Twelve days after his arrest by the Economic and Financial Crimes Commission (EFCC), former Managing Director and Chief Executive Officer of BankPHB Plc, Mr. Francis Atuche, was yesterday formally arraigned in court charged with 26 counts.