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Some financial experts on Monday commended the new share pricing method of the Nigerian Stock Exchange (NSE). They said it that would not allow share prices to trade as low as one kobo and boost inflow foreign investments. The experts, in separate interviews with the News Agency of Nigeria (NAN) in Lagos, said that the method would also enable investors to categorise stocks on the NSE. NAN reports that new pricing method was started on Monday, Jan. 29. Prof. Sheriffdeen Tella, Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun said that the NSE must of necessity update its pricing method from time to time for trading to be transparent. He said that for any stock exchange to attract foreigners to participate in its trading and invariably in the economy, it must adhere to global best practices. Tella said that the method must be well implemented to leave no one in doubt about a particular stock. Dr Uche Uwaleke, the Head of Banking and Finance Departm...

President George Weah President George Weah of Liberia pledged to cut his  salary by 25 per cent  on Monday, in a nationwide address in which he warned of tough times ahead for a “broke” country. “The state of the economy that my administration inherited leaves a lot to do and to be decided,” the former international soccer star said in an address apparently aimed at lowering high expectations following his election victory at the end of last year to replace Ellen Johnson Sirleaf. The President of Liberia earns about $100,000 yearly, meaning that Weah will relinquish about $25,000.