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President Muhammadu Buhari will Sunday depart Abuja for Tehran to participate in the 3rd Gas Exporting Countries’ Forum (GECF) opening in the Iranian capital on Monday, November 23, 2015. President Buhari and the leaders of Iran, Russia, Qatar, the Netherlands, Venezuela, Oman, Algeria, the United Arab Emirates, Bolivia and other member-countries of the GECF are… […]

Mitsubishi Motors Corp expects to open an assembly plant in Nigeria in the next year, joining the growing list of carmakers setting up local assembly plants in the west African nation, the Japanese group’s regional head told Reuters. “It’s still in negotiation – you can say in the third round out of 10,” Anand Singh,… […]Read More

Nigeria’s interbank lending rate rose to 1 percent on secured lending on Friday from 0.5 percent previously, amid drop in banking system liquidity on the back of foreign exchange and treasury bills purchases, traders said. Traders said the central bank has also failed to update data on commercial lenders cash balance since Monday, putting most… […]

Nigeria hopes to reach a deal with China within weeks to set up 40 rice mills, its new agriculture minister said, as part of plans to eliminate the need for any imports of the grain within two years. Audu Ogbeh said in his first interview since taking office last week that Africa’s top oil exporter… […]

The outlook for Twitter (NYSE:TWTR) stock over the next two years is “binary,” according to MKM Partners’ analyst Rob Sanderson (via Barron’s). “User-experience success or failure could make Twitter a $100 or $10 stock,” Sanderson said in a note to investors this month. Sanderson’s view for Twitter is worth mulling over. With the recent return […]Read More

Traveling to China? You’ll likely use the company’s English-language page. Image: Ctrip.com. CEOs take note: This is how you manage investor expectations. One year ago, Ctrip.com (NASDAQ:CTRP) founder and CEO James Liang told investors that the company would be focusing on grabbing as much market share as possible. In the process, this would force margins to […]Read More

What: Health insurance stocks got taken to the collective woodshed today after industry giant UnitedHealth Group (NYSE:UNH) warned that its individual exchange-compliant products are not performing as expected. So what: UnitedHealth Group provided its investors with updated earnings guidance for 2015 today, noting that the company is experiencing earnings pressure from larger than expected loses on […]

Image source: NIH Image Gallery via Flickr. It’s been a year to forget for MannKind (NASDAQ:MNKD) shareholders, and it may be about to get worse. Last year everything appeared to be going MannKind’s way. Afrezza, the company’s fast-acting inhaled diabetes drug, was approved by the Food and Drug Administration, and it landed an experienced licensing […]Read More

Credit: Splunk. Splunk (NASDAQ:SPLK) has made a habit of under promising and over delivering of late, and its latest quarter was no different. But the operational intelligence also threw a bit of a curve ball at investors in the form of a new CEO succession plan — effective today. Let’s take a closer look at […]

Source: Time Warner. When all of your favorite shows are available on streaming video just a few months after they’ve aired on cable, through on-demand services such as Netflix (NASDAQ:NFLX) and Amazon.com‘s (NASDAQ:AMZN) Prime, there’s little incentive to keep subscribing to cable. Netflix and Amazon Prime are commercial free and provide a much better viewing […]Read More

Stocks couldn’t settle on a direction today. After crossing in and out of positive territory a half-dozen times, the S&P 500 (SNPINDEX:^GSPC) ended down 0.1% while the Dow Jones Industrial Average (DJINDICES:^DJI) was unchanged. ^INX data by YCharts Yet two consumer goods companies made big moves, even as the broader market jogged in place. Keurig Green Mountain […]Read More