Shares of Steinhoff International has crashed by close to 50% after the company announced the resignation of Markus Jooste, its chief executive over financial irregularities. The company said it will be stopping the release of its results while PwC will be doing forensic investigations into the books of the company. […]
AkzoNobel said its Specialty Chemicals business is investing more than €4 million to increase production capacity in Sweden for its Levasil CC-branded product line of patented surface modified colloidal silica. The group said the expansion will help meet growing customer demand and will strengthen the company’s market leadership position. A […]
Here are the Top 100 Digital Currencies as at today, 6th of December 2017 (9 am Nigerian time). Data were pulled from coinmarketcap.com.
Nestle SA said it has acquired privately-held Atrium Innovations, a producer of nutritional health products, from a group of investors led by Permira Funds for USD 2.3 billion in cash. Nestle disclosed that Atrium’s 2017 sales are expected to reach almost USD 700 million. The move supports Nestlé’s pursuit of […]
Petrofac’s Training Services business and the State Oil Company of the Republic of Azerbaijan (SOCAR) today signed a Shareholders Agreement to form a Joint Venture for the pursuit of training opportunities across the country’s oil & gas and petrochemical industries. Under the Agreement, SOCAR’s stake in the Joint Venture has […]
Nestlé said that it agreed to acquire privately-held Atrium Innovations, a global leader in nutritional health products, from a group of investors led by Permira Funds for USD 2.3 billion in cash. Atrium’s 2017 sales are expected to reach almost USD 700 million. The move supports Nestlé’s pursuit of growth […]
Here are the Top 100 Digital Currencies as at today, 5th of December, 2017 (4.12pm Nigerian time). Data were pulled from coinmarketcap.com.
In his ebook, ‘John Donovan, Shell’s Nightmare’, there are allegations that senior executive of Royal Dutch Shell and AJL were involved in a contract rigging. John Donovan is the co-founder of Royal Dutch Shell Plc.com, a blog that covers news about the oil giant. According to the blog, he has […]
As a follow up to the OPL 245 corruption investigations which involved Royal Dutch Shell and Italy’s Eni, there are indications that the contract was fraught with irregularities from the start. According to a Royal Dutch Shell email leak published by Sahara Reporters, a New York-based news website, the leak […]
ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of the country for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the government of Mauritania for the opportunity […]