Author: The Editorial Team

LONDON (Capital Markets in Africa)- The Nigerian Stock Exchange is urging stockbrokers to buy dormant licenses or combine with other operators rather than apply for new ones as the bourse prepares to go public. Members of the exchange will vote on March 3 to convert from a member-owned mutual organization into a public limited-liability company. The exchange, which has 252 dealing members as well as 166 listed equities and 154 bonds, will change its name to Nigerian…

LONDON (Capital Markets in Africa)- The rapidly spreading coronavirus has wreaked havoc across much of the developed world, yet not a single case has been confirmed so far in Africa — the continent that’s least equipped to deal with the epidemic. Health officials are still bracing themselves for the worst. Two-way travel between Africa and China, the epicenter of the respiratory illness that’s infected more than 31,000 people since late December, has surged over recent…

LONDON (Capital Markets in Africa) – Outgoing Bank of England chief Mark Carney is leaving his successor with a mystery to puzzle over. As Andrew Bailey takes over from the Canadian in March, he’ll find officials at the U.K. central bank closely studying why inflation isn’t as strong as labor costs and import prices would suggest it should be. The matter was so perturbing for policymakers at Carney’s final decision that, even after an in-depth discussion, they pledged to…