United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the...
The nation’s bourse opened the month of April with a loss of N67 billion, amid profit taking ahead of Easter celebrations. Specifically, the market capitalisation which opened for the month at N20.428 trillion dipped N67 billion or 0.33 per cent to close at N20.361 trillion. The downturn was supported by investors...
Spotify (NYSE: SPOT) today announced that Mona Sutphen will join the Spotify Board of Directors in April of 2021, subject to shareholder approval. Ms. Sutphen is a private equity advisor and a co-founder/advisor for several technology start-ups, and was a senior White House official during the Obama Administration. “Mona has...
An economist, Ms Razia Khan, also Managing Director/Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth. Khan made the assertion in her presentation at the virtual 2020 Market Recap and 2021 Outlook hosted by the Nigerian Stock...
Africa Finance Corporation (AFC), today announced that it has successfully secured a US$250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC). Formed in December 2019, DFC is the United States Government’s development bank established with a lending capacity of up to US$60 billion to provide financing for...
CSC, a global business, legal, tax, and digital brand services, today announced that it has acquired FIRSTCORP PTE. LTD (FIRSTCORP) and its affiliates, a Singapore-based service provider of company secretary and administration services to corporations and alternative asset managers. FIRSTCORP offers company formation, corporate secretarial, and domiciliation services. It specializes...
December 14, 2020 was another historic milestone in the lifecycle of Abbey with the signing ceremony of Rights Issue of N3,692,307,692. The event had the Managing Director/CEO of Abbey Mortgage Bank Plc (Issuer), Mr. Madu Hamman, the Managing Director of Kairos Capital Limited (Issuing House), Mr. Sam Chidoka and other...
Moody’s Analytics today announced that it is working with VanEck, a global investment manager, as a data and analytics provider for two new exchange-traded funds (ETFs). The funds are VanEck Vectors® Moody’s Analytics® IG Corporate Bond ETF (MIG®), which focuses on the US corporate investment-grade market, and the VanEck...
Moody’s Analytics has won the Climate Risk category in the 2021 Chartis RiskTech100®, the first year this category has appeared. It’s one of 10 awards for Moody’s Analytics to go along with the #2 overall ranking. The Moody’s Analytics offering helps customers first identify whether they have exposure to climate...
With the world and the Asia-Pacific region undergoing profound changes, China has called for joint efforts to build an Asia-Pacific community with a shared future featuring openness, inclusiveness, innovation-driven growth, greater connectivity, and mutually beneficial cooperation. China highly values the role of the Asia-Pacific Economic Cooperation (APEC) and will continue...
Regtech Africa, an emergent global digital tech media platform with a niche focus on regulatory technology innovations in Africa and around the world has announced a strategic partnership with Total RegTech Solutions, a CRG firm with proven track records and cutting edge solutions to improve business productivity. With the partnership...
The nation’s bourse resumed trading for the week on a bullish trend with the All-Share Index crossing the 32,000 mark following interests in blue chips. Specifically, the All-Share Index rose by 1,226.88 or 3.96 per cent to close at 32,243.05 compared with 31,016.17 achieved on Friday. Accordingly, month-to-date and year-to-date gain...
Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on a mezzanine lending opportunity in the United States, as part of its strategy focusing on investments into debt structures.  This investment utilizes the...
Venture capitalist and entrepreneur Vab Goel established the firm to help rapidly scale startups from concept to global relevance First five investments are driving the future of enterprise and digital health NTTVC today publicly announced its $500 million fund to help startups reach rapid global scale by harnessing the power of...
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow...
75% takeover of cement terminal at Thilafushi Island to increase market presence in the Indian Ocean country Oman’s largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 per cent of LafargeHolcim’s cement terminal at Thilafushi Island in Maldives, and a  new joint venture...
Accelerating New Retail Strategy to Capture Opportunities in China’s Retail Sector Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (HKEX: 6808, “Sun Art”), a leading hypermarket and supermarket operator...