Culled—Proshare August 16, 2016/FBNQuest Research The merchandise trade data released by the NBS in its latest Foreign Trade Statistics  for Q1 2016 shows a trade deficit of N1.8bn (US$5.6m), representing a 23% decrease from the previous quarter. The steep decline in exports contributed to the total trade deficit recorded. Given […]

August 15, 2016/Reuters American International Group Inc (AIG.N) is nearing a deal to sell its mortgage-guaranty unit to Arch Capital Group Ltd (ACGL.O) for about $3.4 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The companies could strike a deal as soon as early […]

August 15, 2016/SITA High-speed communication infrastructure underpins airline’s modernisation program SITA, the global air transport communications provider, is to roll out faster, new-generation connectivity across Kenya Airways’ global network, a vital investment in infrastructure needed to support the airline’s renewed focus on cost optimization and airline modernization. Among Africa’s top […]