Yields on the federal government’s bonds increased in April as a result of the relative decline in oil prices as well as a negative shift in global sentiment during the month. Data compiled by THISDAY showed that yields on all the seven actively traded FGN bonds increased during the month.While […]
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Nigerian Stock Exchange Records N1.2bn
The recovery witnessed in the Nigerian stock market last year also impacted positively on the operations of the Nigerian Stock Exchange (NSE) as the exchange ended the 2012 financial year with an operating surplus of N1.2 billion. The surplus showed a jump of 347 per cent above the N258 million […]
GM Plans About $16 Billion in Investments in U.S. by 2016
General Motors Co. (GM), profitable for 13 consecutive quarters, is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said. “The $11 billion in capital that will be spent in China by 2016 is coming out of […]
