News Centre

Nigerian Stock Exchange Publishes Guidance To Facilitate Effective Virtual Meetings For Stakeholders Amidst Covid-19

Date 15/04/2020

The Nigerian Stock Exchange (“NSE” or “The Exchange”) has today, Wednesday, April 15, 2020, published guidance on virtual Board, Committee, and Management Meetings for stakeholders.

U.S. Chamber Statement On The World Health Organization

Date 15/04/2020

U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement on the administration’s announcement regarding the World Health Organization (WHO):

“The Chamber supports a reformed but functional World Health Organization, and U.S. leadership and involvement are essential to ensuring its transparency and accountability going forward. However, cutting the WHO’s funding during the COVID-19 pandemic is not in U.S. interests given the organization’s critical role assisting other countries — particularly in the developing world — in their response.”

Are We Seeing A Bottom? Volatility Falls And Prices Rise As Markets Begin To Calm, William May, Senior Economist, IHS Markit

Date 15/04/2020

Commodity prices, as measured by the IHS Markit Materials Price Index (MPI), bounced 1.3% last week on hope, perhaps premature, that the COVID-19 crisis may be peaking. Eight of the MPI’s ten components rose last week, a nice broad-based move, especially considering the pervasive weakness seen over the previous three weeks. Still, the bump in commodity prices pales in comparison to the recent rally in equities. Commodity prices have front run this crisis and are clearly saying that fundamental demand is not surging back.

Remarks By IMF Managing Director Kristalina Georgieva During The G20 Finance Ministers And Central Bank Governors Meeting

Date 15/04/2020

International Monetary Fund (IMF) Managing Director Kristalina Georgieva made the following remarks today during the G20 Finance Ministers and Central Bank Governors meeting:

“Thank you to the Saudi Presidency for steering the G20 in this unprecedented crisis, and to all of you for the remarkable efforts to protect people and the economy. 8 trillion dollars of fiscal measures and ample liquidity by Central banks have helped build a bridge to recovery for companies and households. And you stepped up with an initiative on a time-bound suspension of debt service payments for the poorest countries. I wholeheartedly welcome this timely action."

TNS Adds Real Time HKEX Market Data To Its Global Offering - TNS Customers Now Have Access To More Than 60 Global Exchanges In The Most Important Markets, Including Hong Kong

Date 15/04/2020

Transaction Network Services (TNS) can now provide real time market data from the Hong Kong Exchanges and Clearing (HKEX). This move allows TNS customers to access the market data systems of the ninth largest stock exchange, and the 14th largest derivatives exchange, in the world.

OpenFin Hires Adrian Crockett As Chief Product Officer

Date 15/04/2020

OpenFin, the operating system (OS) of finance, announced today the hire of Adrian Crockett as Chief Product Officer. Based in New York, Crockett brings a wealth of experience in building innovative products and leading digital transformation within capital markets.

GPW: First Virtual Roadshow With Global Investors

Date 15/04/2020

• GPW, in partnership with investment banks, holds the first series of virtual meetings with investors in Asia and the Middle East
• The Exchange continues initiatives promoting Polish issuers in key global financial hubs

Moscow Exchange: Risk Parameters Change On FX, Derivatives And Standardized OTC Markets

Date 15/04/2020

CCP NCC sets the following risk parameters

1. on FX market starting from April 16, 2020:

IMF: An Unprecedented Threat To Development In Africa

Date 15/04/2020

• Covid-19 threatens to exact a heavy human toll and the ensuing economic crisis risks reversing recent development gains.
• The region’s economy is set to shrink by 1.6 percent in 2020, and real per capita income to fall by even more -- 3.9 percent on average.
• The most pressing priority is to increase health spending to save lives and implement social transfers to those whose livelihoods are being upended.
• Support from international development partners will be critical to meet financing needs, including debt relief for the most vulnerable countries.
• Macroeconomic policies should be used to protect vulnerable groups, mitigate economic losses, and support the recovery.

BIS: Reflections On Regulatory Responses To The Covid-19 Pandemic

Date 15/04/2020