July 5, 2017/Reuters Activity in South Africa’s private sector fell to its lowest in 14 months in June as employment, output and new orders slipped, a survey showed on Wednesday. The Standard Bank Purchasing Managers’ Index (PMI), compiled by Markit, dropped to 49.0 in June from 50.2 in May, below […]
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Nigeria bank shares suffer losses as Etisalat woes stoke sell-off
4/7/2017/Reuters Nigerian banking shares dropped 2.3 percent on Tuesday after regulators said they had intervened to save the country’s fourth largest telecoms firm from collapse as talks with local lenders to renegotiate a $1.2 billion loan failed. Etisalat Nigeria had been negotiating with its lenders for more than five months […]
Finally, Nigerian Stock Exchange Delists Ashaka Cement
July 5, 2017/Thisday Ashaka Cement Plc was Tuesday voluntarily delisted from the Nigerian Stock Exchange (NSE). The company had last year notified the exchange of its intention to exit. The shareholders of Ashaka Cement, who have exercised their option to exit the company prior to the delisting will receive 57 […]
