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 […]
Social networking giant, Facebook Inc., has admitted in a statement that its artificial intelligence software did not flag the New Zealand terror attack. Last week, a terror suspect killed about 49 people in a deadly shooting that targeted Mosques in New Zealand’s city of Christchurch. However, the world was shocked […]
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 […]
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 […]
America’s Blackstone Group said it has raised $695 million from Mexican pension funds. The private equity giant said the funds are for its first two local private equity funds, filings showed. Blackstone disclosed in the statement Black Rock and KKR & Co that were part of the fundraising to further […]
America’s commercial and military aircraft maker, Boeing, said it is finalizing its development of a previously-announced software update. Boeing said in a statement that the update will include pilot training revision that will “address the MCAS flight control law’s behavior in response to erroneous sensor inputs.” “We also continue to […]
The world’s largest social networking site, Facebook Inc, said it has removed 1.5 million videos globally of the New Zealand mosque attack. Facebook said it removed the terror attack videos in the first 24 hours after the gory incident. In a tweet, Facebook said, “In the first 24 hours we […]
Nigeria, Africa’s largest economy with the third largest air traffic in the continent said it has banned the use of Boeing 737 Max 8 aircraft. In a statement via Twitter by Bashir Ahmed, special assistant to President Muhammadu Buhari, he said: “Nigeria joins other countries, bans the use of Boeing 737 […]
Nigeria’s national oil company, the Nigerian National Petroleum Corporation, NNPC, has been directed to take over the operation of oil mining lease, OML 11. In a memo posted on Twitter and sighted by our energy correspondent, the presidency of Nigeria has directed the takeover due to ‘delicate tension in Ogoniland,’ […]