General Electric Co (GE.N) has agreed to buy the aviation business of Italy’s Avio for $4.3 billion, in a sign of confidence about the country’s underlying strength despite its deep recession. The deal comes as Europe’s fourth-biggest economy labors to become more competitive under a reform agenda set by technocrat […]
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CBN issues Feb’13 Deadline for Mobile Money Operators to connect Central Switch
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has issued a February 28 2013 deadline for all Mobile Money Operators (MMOs) to fully connect to the National Central Switch (NCS). This is contained in a Circular Number BPS/DIR/GEN/CIR/01/014 dated December 14 2012 and signed by Dipo Fatokun, […]
NSE Value decline by -6.25% to close the week
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian Stock Exchange (NSE) value declined by 6.25 percent (-6.25%) to close the week compared to +30.27% recorded the previous week. To record the decline, the NSE’S Turnover was 1.293 billion shares worth N13.725 billion (US$8.07 million) in 20,499 deals this week […]
