By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchanged (NSE) has posted a 1.15 percent loss in two days as the all-share index (ASI) at the close of Wednesday’s session fell by 0.95 percent to close at 28,009.40 points. “Today’s performance increased the Year-to-Date loss to 2.21 percent,” according to Cordros daily […]
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Diageo scraps plan to raise Guinness Nigeria stake in tough market
October 5, 2016/Reuters By Chijioke Ohuocha and Martinne Geller Oct 5 Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough conditions in one of its biggest markets for the world-famous stout, the drinks company said on Wednesday. The decision by Diageo, which makes Johnnie Walker […]
S. Africa’s FirstRand looking at Nigeria as valuations become attractive
October 5, 2016/Reuters FirstRand, South Africa’s biggest lender by value, is taking another look at Nigeria since a sharp economic slowdown has left asset prices have become “much more realistic”, its chairman said. Nigerian banks have come under pressure in recent months after the central bank suspended nine of them […]
