Italian carmaker Fiat SpA struck a $4.35 billion deal to gain full control of Chrysler Group LLC, ending more than a year of tense talks that have obstructed Chief Executive Sergio Marchionne’s efforts to combine the two automakers’ resources. The agreement, announced on Wednesday, cements Marchionne’s reputation as the industry’s […]
Author: InvestAdvocate
Ekiti raises additional N5bn under bond issuance scheme
The Ekiti State Government says it has raised N5bn from the capital market, completing a N25bn bond issuance programme it started in 2011. A statement, which was made available to our correspondent on Wednesday, indicated the state government had raised N20bn in the first tranche of the programme in 2011. […]
Naira value likely to drop this year – Rewane
The Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said that the naira will come under intense pressure this year. Rewane said in an interview with our correspondent that the new members of the Monetary Policy Committee would need to find a way to support the currency. “I […]
