Sweden’s largest lender and the largest lender in the Baltic region, Swedbank said its CEO will continue in office despite a money laundering review at the bank. Swedbank said in statement that “After reviewing the FRA Update, the Board confirms its continued confidence in the CEO and her ability to […]
Bharti Airtel’s local unit in Nigeria, Airtel Nigeria is said to have opened discussions on the possibilities of listing on the Nigerian Stock Exchange, NSE. People with the knowledge of the matter said the listing could be by introduction instead of an initial public offering, IPO. If the news is […]
Latest information from Russia’s Finance Ministry indicated that it has selected lenders VTB Capital plc, a unit of VTB, and Gazprombank to advise on its Eurobond sale. According to the update, both investment banks will organise its international 2019 Eurobond issue, the ministry said in a statement earlier today. No […]
American commercial and military aviation giant, Boeing said it has made new appointments aimed at further strengthening the company’s global presence and partnerships: Boeing said in a statement that it appointed Marc Allen named the senior vice president of Boeing and president of Embraer Partnership and Group Operations. The company […]
German luxury car maker, BMW has issued a profit warning which means its profit will be lower than expected. BMW’s shares have tumbled by over 4% in Frankfurt, some few minutes ago after the company warned that pre-tax profit will fall by 10% this year.
Africa’s second largest economy, South Africa has been thrown into a massive blackout that could linger for weeks. Eskom Holdings SOC Ltd., the debt-ridden state-owned power utility company has informed the country that the problem might not be resolved any time soon. South Africa’s Public Enterprises Minister Pravin Gordhan was […]
Paints and coating producer, Meyer Plc, said it has appointed Mr. Devashish Nath as its chief financial officer. The company said in a statement that “We hereby notify the Exchange that the Board of Directors at its meeting held on Tuesday, 19th March 2019, appointed Mr. Devashish Nath as the […]
A Nigerian High Court has given go-ahead for the duo of Access Bank and Diamond Bank to merge. It would be recalled that the Central Bank of Nigeria, CBN, gave its approval on the merger earlier this week. Access-Diamond Bank said in a joint statement that: Having received the Final […]
Ecobank Transnational Incorporated has denied that it is legally obligated to pay $28 million in compensation to Broad Communications Ltd over Airtel share sale by its affiliate company, O&O Networks Limited. ETI said in a statement that is defending long-standing proceedings in the Federal High Court relating to its ownership […]
Heineken’s local unit in Nigeria, Nigerian Breweries Plc said it has been sued on copyrights violations on one of its non-alcoholic beverages. The company did not disclose the financial value of the damages legal suit but it vows to fight the case in court. In a statement issued to the […]