Uncategorized

FACEBOOK IPO LIVE: The social network goes public

It’s Facebook’s big day. The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years. Here’s some of what Associated Press reporters are finding. Check back all […]

Dangote Sugar’s acquisition of SCC gets shareholders’ nod

The shareholders of Dangote Sugar Refinery Plc have unanimously given their approval to the board to acquire Savannah Sugar Company. The shareholders also approved the 30 kobo proposed by the company’s Board of Directors as dividend for the financial year ended December 31, 2011. Speaking at the company’s Annual General […]

Inflation pushes up bond, T-bills yields

Yields on Nigeria bonds and treasury bills rose across all maturities on Thursday after a pickup in inflation in Africa’s second-biggest economy, dealers said, prompting investors to hold positions ahead of next week’s rate decision, Reuters reported. The Central Bank of Nigeria will hold its rate setting meetings next Tuesday […]