Inter-bank lending rates rose last week to an average of 14.66 per cent, from 14.16 per cent recorded the previous week, as cash outflows to bonds and dollar purchases drained liquidity in the market further. The Federal Government sold N70bn ($440.67m) worth of five-year and 10-year bonds maturing in 2017 […]

Yahoo! announced today it has reached an agreement with Alibaba Group on a staged and comprehensive plan to unlock the Yahoo’s investment in Alibaba. The plan, which was announced in a release, includes a transaction this year where Alibaba will purchase up to one-half of Yahoo’s current stake in the […]

For Facebook founder and CEO Mark Zuckerberg, it was quite a week — from birthday, to IPO, to I DO. A day after the historic Facebook stock offering, Zuckerberg on Saturday wed 27-year-old Priscilla Chan, his girlfriend of nearly a decade, according to a guest authorized to speak for the […]