Breaking News: Isis Inc-Loot and taxes keep jihadi economy churning

December 14, 2015/Financial Times By Erika Solomon in Beirut and Sam Jones in London As Isis officials announced a religious tithe known as zakat last summer, Mansour, a 26-year-old grocery storekeeper in eastern Syria, stalled payment while he tried to cook his books. A week later, four Isis officials stormed […]

Tiger Brands to Divest 65.7% Stake of Nigerian Unit to Dangote Industries

December 14, 2015/NSE Announcement regarding Agreement between Tiger Brands Limited and Dangote Industries Limited in Respect of Tiger Brands’ Shareholding in Tiger Branded Consumer Goods Plc. of Nigeria (“TBCG”) INTRODUCTION Shareholders are referred to the Tiger Brands’ announcement dated 16 November 2015 advising that Tiger Brands had decided not to […]

Nigeria’s Inflation Rises 9.4% Year-on-Year in Nov’15

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s inflation rate inched higher in November by 9.4 percent (year-on-year), marginally higher from 9.3 percent recorded in October 2015, according to the National Bureau of Statistics (NBS) latest report. The NBS said this development came after a brief respite in October, the Consumer Price […]