A report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for the current levels of over N160 to N170. The report noted that although the Central Bank of Nigeria had the political will to defend the naira, the dwindling amount in the […]
Tag: Merrill Lynch
Zuckerberg to sell Facebook shares worth about $2.3 billion
Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Facebook shares, which have doubled in value this year, were down 4 percent […]
Twitter poised to make IPO filing public
Twitter has hired several banks to help underwrite its IPO, persuaded some of those firms to provide a credit line and plans to make its prospectus public in early October, sources say. The Twitter IPO may be closer than you think. The social-media giant has hired several banks for the […]
