Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a positive trend as the All-Share Index (ASI) rose by 0.24 per cent.
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t's pretty clear bonds are a bad job, with returns relatively meager and prices likely to fall ahead, but yield-seeking investors keep pushing money their way. "People have been buying bonds for some years and going further out the risk spectrum to get yield as Treasury yields fall," said Mark Matthews, head of research for Asia at Julius Baer. Bond yields move inversely to their prices. "There's not a lot of value left in fixed income in general, not just the high yield," he said.
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Pavel Durov the former CEO of the leading Russian social network VKontakte (VK) says he has left Russia for good and now intends to develop a new mobile social network. “I’m out of Russia and have no plans to go back,” he told Tech Crunch. “Unfortunately, the country is incompatible with internet business at the moment.”
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Dangote Group, Honeywell, BUA Group and other cement, food and beverage manufacturing plants across the country are generating over 15,000 megawatts of electricity that are not in the national grid.
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The Nigerian Communications Commission is obviously excited by the latest report of a rebased Gross Domestic Product.
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Google Inc. (GOOG)’s stake in the outcome of a $2 billion trial over smartphones using its Android operating system was revealed by testimony that the company indemnified Samsung Electronics Co. (005930) against some of Apple Inc. (AAPL)’s patent claims. The videotaped testimony of a Google patent lawyer describing terms of the search engine company’s agreement with Samsung was played for jurors yesterday immediately after Apple’s lawyer read aloud a statement from Samsung saying it wasn’t seeking indemnification from any third party.
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Naira yesterday firmed against the US dollar at both interbank and parallel markets gaining N0.15k and N1.00k after the Easter holidays.
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Ahead of today’s enlarged national security meeting convened by President Goodluck Jonathan, a cross section of Nigerians who spoke with BusinessDay called on the Federal Government to impose total emergency rule on the troubled states of Borno, Adamawa and Yobe.
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The absence of skilled manpower and industries to process raw materials needed for production of ceramics in the country has prevented the growth of the $465.2 million industry and forestalled an estimated 1.2 million direct and indirect jobs that could be created from local manufacture, experts say.
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Renaissance Capital Limited (RenCap) has predicted growth for consumer companies operating in the country this year.
Updated 5 Years ago