Oando plc, one of the nation’s leading energy groups listed on both the Nigerian and Johannesburg Stock Exchanges, has announced results for the full year ended December 31, 2010. The Group delivered a Profit-Before-Tax of N23.9 billion, representing a 77 percent increase compared to N13.5 billion in 2009.

Having tagged 2011 a year where it will consolidate the achievements made in 2010, especially with regard to compliance with the capital market rules, the Securities and Exchange Commission (SEC) has confirmed that

…Spurs reallocation of funds into fixed income assets, others - analysts

Following concerns over economic stability, particularly with regard to prices and exchange rates, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) last week decided to embark on an aggressive restrictive monetary policy stance with the following decisions.

Two recent proposals are being discussed at the Nigerian Stock Exchange (NSE) with brokers and regulators that have far-reaching implications for the market that will also have a revolutionary effect on investor confidence and trading at the Exchange. The first is the proposal to migrate to a modern platform of Straight Through Processing (STP), which is designed to eliminate settlement risk and ensure that all trades settle cash versus securities. In other words, there will be no failed trade and all trades ideally will settle same day.