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Nigerian Eurobond price rises after presidential election

By Ademola Alawiye with agency report The Nigerian Eurobond rose to a record high on Tuesday following renewed interest from international investors as a result of the presidential election which took place last week. Bloomberg reported that the Nigerian dollar denominated bonds, which is due in 2021, rose for a […]

NAICOM to return non-IFRS compliant financial reports

By Agency Reporter The National Insurance Commission has said it will return the 2010 financial reports of insurance companies that fail to meet the International Financial Reporting Standards. The Technical Director, Finance, NAICOM, Mr. George Onekhena, disclosed this in an interview with the News Agency of Nigeria in Lagos on […]

Yahoo 1Q results top analyst views; stock climbs

Yahoo’s 1Q earnings better than anticipated as display ad gains, cost cutting boost results Michael Liedtke, AP Technology Writer SAN FRANCISCO (AP) — Yahoo Inc.’s first-quarter earnings turned out better than analysts expected as online display advertising sales picked up. The results released Tuesday could help Yahoo CEO Carol Bartz […]