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The Imperatives of Credible Financial Reporting in Nigeria

Dennis O Odife, MON  December 2010   Introduction The recent removal of the lid on the affairs of the Nigerian Stock Exchange has enabled us all to see the rot contained therein and to interpret it in our own ways. Credible financial reporting is vital to the work of any […]

Jump in hiring sends bonds lower and stocks higher

By MATTHEW CRAFT, AP Business Writer  NEW YORK – A surprising jump in hiring sent bond prices lower and lifted the dollar. Stocks edged higher.   A survey from payroll processor ADP found that private companies added 297,000 jobs last month, far above the 100,000 economists expected. The report is the first chance […]

SEC may force Facebook flotation

Jemima Kiss   Facebook might be forced by US regulators to take the social networking company public as new investors pile in   Pro Bono: the investment firm of U2 singer Bono bought a 1.5% stake in Facebook for $210m – it has quadrupled in value. Photograph: Boris Rössler/AFP/Getty “It’s […]