Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc that had threatened to unseat the biggest U.S. discount retailer from the peak of a highly competitive market. Shares of Family Dollar, the No. 2 U.S. discount chain, rose 5 […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s inflation rate has accelerated to 8.3 percent in July from 8.2 percent recorded in June 2014 up by 0.1 percent in the review period. This is the fifth straight month of advance in inflation figures for Nigeria, Africa’s largest economy seeing prices rise 0.7 […]

Malaysia-based International Islamic Liquidity Management Corp (IILM) will raise $790 million through its Islamic bond programme next week, according to a filing with the central bank. The IILM, a consortium of central banks from Asia, the Middle East and Africa, will auction a three-month $390 million sukuk and a six-month […]