By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday recorded a modest gain as the all-share index (ASI) advanced 0.08 percent to close at 27,120.39 points. ‘Today’s activities pared the Month-to-Date and Year-to-Date losses to 4.29 percent and 5.49 percent respectively,’ Cordros daily market update affirmed. According to the […]
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GSK Nigeria sells Lucozade, Ribena to Japanese firm
October 26, 2016/Punch Anna Okon GlaxoSmithKline Nigeria has concluded the sale of its two flagship brands, Lucozade and Ribena, to a Japanese beverage firm, Suntory. This was disclosed by Suntory Nigeria at a press briefing in Lagos on Tuesday. The deal between the parent company of GlaxoSmithKline Nigeria, GSK Global, […]
IMF says ready to assist Mozambique in debt restructure plan
October 26, 2016/Reuters The International Monetary Fund is ready to assist Mozambican authorities in debt negotiations with creditors after the finance ministry warned borrowing levels were unsustainable, IMF country head Ari Aisen said on Wednesday. Mozambique told creditors on Tuesday that the government must renegotiate repayment terms if it is […]
