Dev Accelerator Ltd's initial public offering received an overwhelming response, with a 63.97 times subscription on the final day of bidding. The IPO's retail investors showed particularly strong interest. The company raised Rs 63 crore from anchor investors and plans to use proceeds for expansion and debt payment, ahead of its market debut.
A weakening jobs market and multiple deteriorating economic indicators suggest a rising risk of recession. Read what investors need to know. Read Full Article →
A long-simmering showdown over whether President Donald Trump may seize control over the Federal Reserve appears to be entering its endgame. It is highly likely that the Supreme Court will weigh in on this dispute either Monday evening or Tuesday. If the Court does side with Trump, that would be
By Steve Agbota The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has ordered the Nigeria Customs Service (NCS) to suspend the implementation of the 4 per cent Free on Board (FOB) levy on imported goods. In a circular sighted by Daily Sun and titled: “Suspension of
Justice Emeka Nwite of the Federal High Court, Abuja, has ordered the final forfeiture of seven million dollars recovered by the Economic and Financial Crimes Commission, EFCC, to the Federal Government. Justice Nwite gave the ruling on Monday after EFCC’s counsel, Rotimi Oyedepo, SAN, moved an application for final
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