19/7/2016/Reuters Nigeria’s Sterling Bank has ended talks to buy rival Keystone Bank after finding it an unsuitable fit and is now focused on raising funds as it considers other acquisitions, its chief finance officer said on Tuesday. “We reviewed Keystone Bank and concluded the strategic fit was not strong enough. […]
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IMF predicts Nigeria’s economy will contract by 1.8 pct in 2016
19/7/2016/Reuters Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 percent this year, the International Monetary Fund (IMF) said on Tuesday, as the country grapples with the impact of low oil prices. The sharp fall in global prices since 2014 has led to a prolonged economic crisis […]
NSE Down 0.85% as Investors Sentiment Remain Negative on Massive Selloffs
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday dipped 0.85 percent to close at 28,488.56 points; while market capitalisation dropped by N84.26 billion to N9.78 trillion. “Today’s performance extended the Month-to-Date loss to 3.75 percent and swung the Year-to-Date return into the negative territory (-0.54%),” Cordros […]
