NG Clearing to Enhance Financial Market Trade in Africa, Boost Nigeria’s Economy

Stakeholders have expressed optimism that the NG Clearing Central Counterparty will enhance financial market trade in Africa, and boost Nigeria’s economy as it tends to project domestic derivatives and commodities to the global economy.

She noted that the launching of NG Clearing is coming at a time the nation’s economy is recovering from the COVID-19 pandemic-related challenges. On his part, the Chairman, House Committee on Capital Markets, Babangida Ibrahim said the NG Clearing would open opportunities for investors and manage counterparty credit risk in the capital market.

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Market capitalisation sustains rebound with N218 billion gain | The Guardian Nigeria News - Nigeria and World NewsThe Nigerian Exchange Limited (NGX) sustained a rising profile at the end of yesterday, as bargain hunting in the shares of 20 blue-chip companies lifted market capitalisation further by N218 billion.
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