December 3, 2015/Cordros Research Nigerian equities rallied in today’s session, halting a five-day losing streak to gain 0.99%. The All Share Index closed at 27,559.18, while market capitalization increased by N93.28 billion to N9.48 trillion, prompting a Month-to-Date gain of 0.63% and paring Year-to-Date losses to 20.48%. All sector indices […]
Capital Market
AB InBev seeks to sell SABMiller’s Grolsch, Peroni brands
Thu Dec 3, 2015/Reuters By Philip Blenkinsop Anheuser-Busch InBev (ABI.BR) is looking to sell SABMiller’s (SAB.L) Grolsch and Peroni brands to address potential concerns among European competition regulators over its planned acquisition of the world’s second largest brewer. The sale of the brands and their related businesses in Italy, the […]
Nigeria Slashes MTN Fine by 35% to $3.4 Billion, Says Dec’ 31 Now Payment Deadline
* Corrected 53 percent to 35 percent in our earlier report By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Communications Commission (NCC) has cut by 35 percent (N1.04 Trillion) the fine initially imposed on South African mobile operator MTN to $3.4 billion from $5.2 billion. The company said deadline […]
