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Manchester United shares debut in New York

Shares in Manchester United have begun trading on the New York Stock Exchange. The football club’s shares initially rose slightly to $14.05, before closing flat at the offer price of $14. The offer price was less than the $16-$20 United had wanted to sell them for. Ten percent of the […]

Nigeria ratings agency upgrades banks on stable outlook

Nigeria’s main ratings agency Agusto & Co. upgraded the country’s banking sector on Thursday by one notch to Bbb from Bb, with a stable outlook, citing improved earnings and capital ratios. In a ratings report on Nigerian banks, the agency said credit growth was gradually returning and risk aversion waning […]