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 […]
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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 […]
Wall Street boosted by financial, energy stocks
October 5, 2016/Reuters By Yashaswini Swamynathan Wall Street rose for the first time in three days on Wednesday, powered by gains in financial and energy shares. Activity in the U.S. services sector saw a big rebound in September, after having slowed to more than a six-year low in the previous […]
