Other News

Petrobras cuts diesel price by 10%
Energy

Petrobras cuts diesel price by 10%

Brazil’s Petrobras said it has decreased diesel prices by 10%, equivalent to R$ 0.2335 per liter, the average diesel price sold at its refineries. Petrobras said in a statement that as a result, Petrobras average sale price in refineries and terminals without taxes will be R$ 2.1016 per liter as […]

United Technologies to invest USD15 billion in the U.S
Global

United Technologies to invest USD15 billion in the U.S

United Technologies said it plans to hire 35,000 people and make investments of more than USD15 billion in research and development (R&D) and capital expenditures (CapEx) in the United States over the next five years (2018-2022). With this announcement, the company also launched a dedicated site to highlight its investments […]

Rocket Internet buys back 10 million shares
Startups Tech

Rocket Internet buys back 10 million shares

Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018. Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through […]

ExxonMobil approves Greenhouse gas reduction measures
Energy

ExxonMobil approves Greenhouse gas reduction measures

ExxonMobil said greenhouse gas reduction measures are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and a 25 percent reduction in flaring. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing […]

E-Tranzact appoints Niyi Toluwalope as MD
Big Business

E-Tranzact appoints Niyi Toluwalope as MD

Payment processing company, E-Tranzact Plc said it has appointed Mr. Niyi Toluwalope as its Managing Director. The company said Mr. Valentine Obi will be stepping down from the position. It would be recalled that the Central Bank of Nigeria, CBN, had ordered that Mr. Valentine Obi steps down from the […]

Stacy Cunningham becomes first NYSE female President
Global

Stacy Cunningham becomes first NYSE female President

The New York Stock Exchange has named Stacy Cunningham as its first female leader in the history of the 226-year-old exchange. The parent company of the NYSE, Intercontinental Exchange Inc., confirmed that Stacey Cunningham will become the 67th president after she replace Thomas Farley, who has served in that role […]