Investors Bite

Facebook’s value plunges $37 billion on data controversy

March 20, 2018/CNNMoney by Chris Isidore   @CNNMoney Facebook shares took a big hit Monday, shaving about $37 billion off the value of the company. The stock tumbled about 7% Monday on news that data firm Cambridge Analytica, which had ties to Trump’s campaign, reportedly accessed information from about 50 […]

GSK Nigeria to pay N8.97b special dividend to shareholders

March 20, 2018/The Nation Taofik Salako GlaxoSmithKline Consumer Nigeria (GSK) Plc will distribute a total of N8.97 billion as dividend to shareholders for the 2017 business year. The board of directors of GSK yesterday indicated that it has approved the payment of N8.49 billion as special dividend and N478.4 million […]

Bond Yields Stay Flat as CBN Resumes OMO

Culled—Proshare March 19, 2018/Zedcrest Capital ***CBN Fixes April 3 and 4 for MPC Meeting*** Bonds The Bond market opened the week on a relatively quiet note with mixed sentiments observed across the curve, (slight buys on 20s, 27s and 36s, with slight sell on the 21s, 24s and 34s). Yields […]