Nigerian Equities fell on Thursday, extending a losing streak, which started on Monday to the fourth consecutive day. At the close of trading, a total of 37 stocks fell with just 16 recording price appreciation as against 46 losers and 11 gainers the previous day. Oando Plc was the top […]
Capital Market
Africa’s IHS to delist from Nigeria’s bourse in $118 mln deal
* To pay 4.35 naira to buyout stockholders * Shares rise 41 pct on buyout plans, to delist (Adds details, company value) African phone tower group IHS Plc has won shareholder approval to take the company private and will pay $118 million to buy out equity holders, it said on […]
Consumer Spending Propelled U.S. Fourth-Quarter Growth: Economy
Consumer spending that rose at the fastest pace in three years helped the U.S. economy grow at a 3.2 percent pace in the fourth quarter, overcoming government cutbacks and laying the foundation for a stronger expansion. The rate of growth in the world’s largest economy followed a 4.1 percent advance […]
