Guaranty Trust Bank Plc has said that it plans to sell about N30bn ($192m) of its non-performing loans to the Asset Management Corporation of Nigeria in the next phase of purchase by the asset management company. Bloomberg quoted the bank as saying, “It sold N1.7bn toxic assets to AMCON in […]

  A comeback for dividends: Big US companies give shareholders $16.6 billion more in income Rachel Beck and David K. Randall, AP Business Writers NEW YORK (AP) — Big companies increased their dividends by a record amount in the first quarter. Since the start of the year, 117 companies in […]

Nasdaq, ICE team up to make $11.3 billion counterbid for NYSE, in challenge to German exchange NEW YORK (AP) — Nasdaq is teaming up with IntercontinentalExchange to make an $11.3 billion counteroffer for the parent of the New York Stock Exchange. The joint bid is a challenge to Deutsche Boerse, […]