MSCI News

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage licence

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage license

Egypt’s EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters last week.

MSCI and the Nigerian Stock Exchange sign strategic agreement.

MSCI and the Nigerian Stock Exchange sign strategic agreement on co-branded indexes

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, and The Nigerian Stock Exchange (NSE), the stock exchange servicing the largest economy in Africa, today announced a strategic co-operation agreement to develop and market a cobranded family of indexes for the Nigerian equity markets.

The long case for the Global X Nigeria exchange-traded fund (ETF)

The long case for the Global X Nigeria exchange-traded fund (ETF)

Wall Street and the rest of the world has watched as oversupply has caused oil prices to plummet from well above $100 a barrel to below $70 a barrel in a matter of weeks. This has caused mass hysteria, leading to overselling of many otherwise sound assets.