Business News

FG Commends Dangote Cement on Mining Initiative

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Federal Government of Nigeria (FGN) has commended the Dangote Group on its skills in the mining of raw materials for its cement production. According to a Statement from the Dangote Group and made available to InvestAdvocate over the weekend, Musa Mohammad Sada, Minister of […]

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 […]

AIG sells aircraft leasing wing to focus on insurance

Insurer American International Group Inc (AIG.N) said on Monday it will sell its aircraft-leasing business to AerCap Holdings NV (AER.N) for $5.4 billion, after four years of trying to divest its biggest non-insurance business in fits and starts. The insurer, which was nearly wiped out by derivative bets during the […]