By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday sustained a two-day rally as all-share index (ASI) climbed up 1.51 percent to close at 23,686.67 basis points, coming on the performance in the shares of Banking and Consumer Goods sectors. Similarly, market capitalisation increased by N120.94 billion to N8.15 trillion, reducing the […]
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S & P Says Nigeria will have to Gradually Devalue Naira in 2016
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Rating services firm, Standard & Poor’s said on Thursday Nigeria will have to devalue the naira at some point in 2016 and in gradual adjustments, according to a Reuters report. The report affirmed that investors have seen a devaluation of the naira as long overdue […]
AB InBev shortlists Asahi, ThaiBev for Peroni, Grolsch purchase: sources
Thu Jan 21, 2016/Reuters By Pamela Barbaglia and Saeed Azhar Japan’s Asahi Group Holdings (2502.T) and Thai Beverage (TBEV.SI) have made it through to the final stages of an auction to buy SABMiller’s (SAB.L) Peroni and Grolsch beer brands, several sources with knowledge of the matter said on Thursday. Private […]
