Other News

CBN holds interest rate at 14%
Big Business Global

CBN holds interest rate at 14%

The Central Bank of Nigeria said it will hold the benchmark interest rate at 14% as a result of several geopolitical, socio-political tensions as well as the impact of election spending. Nigeria’s Central Bank said there are concerns that the economy will grow by 2.28% for the year. The CBN […]

TomTom sells telematics unit for €910 million
Tech

TomTom sells telematics unit for €910 million

Location technology specialist TomTom today announced the sale of its Telematics business to Bridgestone Europe NV/SA. Bridgestone Europe NV/SA is a subsidiary of Bridgestone Corporation in EMEA, for a purchase price of €910 million, and proposes to return the majority of the proceeds to its shareholders. This transaction allows the […]

US prepares to extradite Huawei CFO, Meng Wanzhou
Global

US prepares to extradite Huawei CFO, Meng Wanzhou

There is a latest development regarding the extradition of Huawei’s chief financial officer, Meng Wanzhou. According to Globe and Mail cited by Reuters News, American authorities are preparing to apply for the extradition of the daughter of Huawei’s founder, Meng Wanzhou. Meng Wanzhou who is the CFO of the Chinese […]

GTBank Masters Cup returns
Sports

GTBank Masters Cup returns

The GTBank Masters Cup is set to return for its 8th season. The latest edition of the competition was announced following its opening draws, which was held on Thursday, January 17, 2019, in Victoria Island, Lagos. The tournament will feature over 30 schools and more than 40 teams who will […]

BRIEF: Societe Generale to shut proprietary trading unit
Global

BRIEF: Societe Generale to shut proprietary trading unit

French financial services giant, Societe Generale, said it will shut down its proprietary trading business. Société Générale S.A. is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, […]