Author: PageOne

Fitch warns US on possible downgrade
Global

Fitch warns US on possible downgrade

Global credit rating provider, Fitch Ratings has warned of a possible cut to the U.S. triple-A sovereign credit rating later this year. The credit rating provider said if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting. “If this shutdown continues to March 1 […]

Nigeria’s Dealdey finally shut down
Tech

Nigeria’s Dealdey finally shut down

Nigeria’s one and only daily deals website, Dealdey has finally closed its operations. While the company did not provide information nor issue a formal statement as to why it closed down, there were obvious signs that its business model could no longer push withstand the market. It could be recalled […]

Orange reportedly bids to acquire Euskaltel
Global

Orange reportedly bids to acquire Euskaltel

There are indications that Orange is in the bid to acquire Euskaltel. According to a report by El Economista, citing several sources, its interest could increase in the coming months, adding that relations between the two companies are already “excellent”. Indeed, Orange already provides access to its mobile network to […]

S&P downgrades PG&E to junk status
Global

S&P downgrades PG&E to junk status

Global credit rating provider, S&P Global Ratings said it has stripped America’s power utility PG&E Corp of its investment-grade credit rating. The rating agency said it has kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly […]

The year ahead in media
Marketing

The year ahead in media

It is very pleasing to start work fully for another year. For us at SBI Media, we see 2019 as a different year not because it is a new year, but it is a year with a different aura, a year of codes, we call it: The Coded Year. This […]

Guaranty Trust Bank announces date for AGM
Big Business

Guaranty Trust Bank announces date for AGM

Nigeria’s Guaranty Trust Bank Plc has announced a date for its annual general meeting. The bank said in a statement that: Pursuant to the post-listing requirements of the Nigerian Stock Exchange for quoted companies, Guaranty Trust Bank plc hereby informs you that the Board of Directors of our Bank is […]

Naspers announced $540 million investment in BYJU’S
Tech

Naspers announced $540 million investment in BYJU’S

Naspers said it led a combination primary and secondary US$540 million investment in BYJU’S, the creator of the most popular K-12 learning app in India. The group said a significant portion is also being contributed by the Canadian Pension Plan Investment Board (CPPIB). The investment will drive the BYJU’S team […]

Naspers invests $1 billion in Swiggy
Global Tech

Naspers invests $1 billion in Swiggy

South Africa’s Naspers said that it has executed definitive agreements to lead a USD one billion Series H round in Swiggy, India’s largest food delivery platform with a US$660m investment. The company said in a statement that the round includes participation from several existing investors including DST Global, Meituan Dianping […]