Oando forecasts N3.6bn profit in Q2

In line with the listing requirements of the Nigerian Stock Exchange, Oando Plc has announced a forecast of N3.6bn as its profit after tax for the second quarter ended June 30, 2012. The company, in a document made available to the NSE on ...

Facebook buys Instagram for $1bn

by Agency Reporter SAN FRANCISCO: Facebook has paid $1bn in cash and stock for Instagram, a two-year-old photo-sharing application developer, in its largest-ever acquisition just months before the number one social media website is expected to go ...