Nigerian stocks fell 1.38 percent on Wednesday to a one-month low, driven mainly by falls in the banking and energy sectors, brokers said. Africa’s second biggest index shed 1.38 percent to 40,622 points at 1200 GMT, a level last seen on December 31. It was the third consecutive day of […]
Capital Market
Lenovo nears $3 billion deal to buy Google’s Motorola unit
China’s Lenovo Group is nearing a deal to buy Google Inc’s Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc. Lenovo is in the final stages of talks […]
Oando to Increase Share Capital to N7.5 billion
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing company, Oando Plc Wednesday announced it will increase its authorised share capital from N5.0 billion to N7.5 billion in the company’s forthcoming extra-ordinary general meeting (EGM) scheduled for February 18, 2014. The company in a Statement to the Nigerian Stock Exchange (NSE) and […]
