Since the beginning of the year, indices in the equities section of the capital market have been upbeat, with capitalisation rising to N10.66tn on Friday. In this piece, Udeme Ekwere examines the market drivers and ways to sustain them. For Pius Oyeniran, 2012 started like any other year with so […]
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Sprint posts big 4Q loss, revenue rises
Sprint Nextel Corp., the country’s third largest wireless carrier, on Thursday said it lost $1.3 billion in its fourth quarter, about the same as a year ago, as it revamped its network for a comeback versus bigger competitors. The company’s focus, and that of its investors, is on its long-term […]
Credit Suisse returns to profit in Q4
Credit Suisse, Switzerland’s second-biggest bank, returned to profit in the fourth quarterof 2012 but said it was planning to cut costs more than previously planned. The Zurich-based bank said Thursday it made a profit of 397 million Swiss francs ($435 million) during the period, in contrast to last year’s loss […]
