Author: PageOne

First Data agrees to acquire BluePay for USD760 million
Tech

First Data agrees to acquire BluePay for USD760 million

First Data Corporation said that it has entered into a definitive stock purchase agreement for First Data to acquire BluePay Holdings, from current owners, including TA Associates and BluePay management, for USD760 million in cash, subject to adjustments. The transaction is expected to be modestly accretive in the first full […]

BRIEF: Johnson Matthey named chairman of EDF subsidiary
Global

BRIEF: Johnson Matthey named chairman of EDF subsidiary

Johnson Matthey non-executive director and remuneration committee chairman Colin Matthews has been appointed as non-executive chairman of EDF Energy Holdings, a wholly-owned subsidiary of the EDF Group, with effect from 1 Nov. Johnson Matthey announced on 26 Jul that Matthews would be standing down with effect from 15 Nov after […]

Tanzania export ban hits on Acacia Mining revenue
Global

Tanzania export ban hits on Acacia Mining revenue

While a deal is on-going to resolve its exports and tax dispute with the Tanzanian government, Acacia Mining reported revenue down 40% for the third quarter and a much diminished cash balance, From 191,203 oz of gold produced during the quarter, the FTSE 250-listed company sold 132,787 oz to generate […]

Nigeria mulls NGN8.6 trillion for 2018 budget
Policy

Nigeria mulls NGN8.6 trillion for 2018 budget

Africa’s largest economy, Nigeria, has released its estimate for its 2018 budget which might be in the region of about NGN8.6 trillion. This is a record 15.5% increase on a year on year basis. Using real-time exchange rate, the government plans to spend USD27.34 billion. According to a draft of […]