S&P, Dow slip ahead of Fed decision on monetary policy

American stocks slipped Wednesday, May 2, 2018, as investors looked ahead to the Federal Reserve’s latest announcement on monetary policy. The Dow Jones industrial average fell 45 points, as a 1.3 percent decline in Intel offset a 3 percent jump in Apple. The S&P 500 slipped 0.2 percent as health care fell nearly 1 percent. […]

Diamond Bank divests 100% equity in UK subsidiary

Diamond

Diamond Bank Plc has signed a Share Sale and Purchase Agreement with a member of GFG Alliance, for the disposal of its entire shareholding in its international subsidiary, Diamond Bank, UK Plc. The disposal is in line with the Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian […]

Oando shares grow 51% within 5 days after suspension lift

Wale Tinubu, OandO's CEO

The shares of Oando Plc has recorded a growth of 51 per cent in the five day’s it has traded, since the technical suspension placed on its shares were lifted on Thursday last week. Oando’s shares traded for the first time on Wednesday, April 11, after six months of technical suspension. The stock was later suspended […]

Global stocks extend decline on trade fears as gold, yen rise

Stock declines deepened globally on Friday, with European equities sliding to the lowest in more than a year and gauges tumbling across Asia as the negative news cycle for risk assets continued. China announced retaliation against President Donald Trump’s tariffs and there was further turnover in the U.S. administration, compounding a selloff that started in […]

Facebook drops 2% in opening trade amid renewed selling

Facebook shares are facing fresh selling on Thursday after Mark Zuckerberg, chief executive finally spoke publicly about the Cambridge Analytica debacle that has thrust the social network into its worst crisis as a public company. Shares in the Silicon Valley tech company fell 2 percent at the market open to $166.11. The move more than offsets a […]