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Breaking News: Market Developments

NSE approves use of Custody Accounts:

The Nigerian Stock Exchange, today, suspended the ban on Margin Trading Accounts pending when the special committee set up and comprising representatives of the Central Bank of Nigeria (CBN); Nigeria Deposit Insurance Corporation (NDIC), Securities & Exchange Commission (SEC), and Nigerian Stock Exchange meet to come up with a workable process.

Further details on this is expected to be made public at an elaborate media briefing this Friday or Monday next week by the Director General of the Nigerian Stock Exchange, Dr. (Mrs.) ndi Okereke-Onyuike.

In the meantime, the NSE has renamed the services offered by banks to the fund managers as 'Custody Accounts'...More details to be provided.

Tantalizers to list on Thursday:

Tantalizers Limited will list 2.59 billion units at N3.90k on the floors of the Nigerian Stock Exchange on Thursday, June 12, 2008.

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