The former head of McKinsey & Co., Rajat K. Gupta, was charged with insider trading in a civil administrative proceeding filed by the SEC’s Division of Enforcement on Tuesday. Gupta, a former director at Goldman and Procter & Gamble, provided improper tips to Galleon Group founder Raj Rajaratnam about companies […]

  The Council of The Nigerian Stock Exchange, through its Quotation Committee has approved three new issues for companies in the Conglomerates and Petroleum Marketing Sub-sectors as well as in the Alternative Securities Market/Private Placement Exchange of The Nigerian Stock Exchange. Chellarams Plc got approval for an Offer for Subscription […]

Dangote’s $500 million Cement plant in Senegal is to begin to turn out its first cement output from November 2011, THISDAY has learnt. The General Manager in charge of projects,  Mr. Ganapathy Balabubramanian,  told THISDAY at the Gallen Village location of the of the Dangote Cement Senegal Subsidiary that construction […]