Other News

Multiverse Mining appoints Mamman Bukar Zargana to board
People

Multiverse Mining appoints Mamman Bukar Zargana to board

Nigeria’s Multiverse Mining and Exploration Plc said Mr. Mamman Bukar Zargana has been appointed as a Non-Executive Director of the Company. Mamman Bukar Zargana is currently the Managing Director, Chief Executive Officer of Mainstreet Capital Limited. His experience in investment banking spans almost twenty (20) years, with in-depth investment banking […]

Petrofac appoints Fady Sleiman as head of digital
Tech

Petrofac appoints Fady Sleiman as head of digital

London-based Petrofac said it has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation. Petrofac said in a statement that Fady joins from MENA investment company Waha Capital, where he was Chief Information Officer/Group Head of IT for the Abu Dhabi based company from […]

Dubai fin. regulator bars Abraaj from operations
Global

Dubai fin. regulator bars Abraaj from operations

There may be more troubles for Abraaj Holdings despite its moves to restructure and avert a total bankruptcy. The Dubai Financial Services Authority, DFSA said it has instructed Abraaj Investment Management Limited or AIML from providing “any unauthorised financial services activities in or from the DIFC”. It would be recalled […]

Tiger Brands appoints Gail Klintworth to board
JSE SENS

Tiger Brands appoints Gail Klintworth to board

South Africa’s Tiger Brands said it has appointed Ms Gail Klintworth as independent non- executive director of the Company with effect from today, 16 August 2018. The company said in a statement that Ms Klintworth obtained her BA degree, majoring in Industrial Psychology, from the University of Witwatersrand and holds […]

Nigeria’s inflation fell to 11.14% in July
Policy

Nigeria’s inflation fell to 11.14% in July

The statistics office of Africa’s largest economy, the National Bureau of Statistics that inflation in the month of July fell to 11.14 percent (year-on-year) in July 2018. The NBS said the data is 0.09 percent points less than the rate recorded in June 2018 (11.23) percent and represents an eighteenth […]

Starboard buys 5.8% stake in Symantec
Tech

Starboard buys 5.8% stake in Symantec

America’s activist investor, Starboard Value LP said it has acquired 5.8% equity stake in web security company, Symantec. According to Reuters News which quoted the Wall Street Journal that Starboard is seeking five board seats at the cyber-security company. Starboard privately named its nominees in June after buying the stake […]

Crypto investor, Michael Terpin sues AT&T for $224 million
Tech

Crypto investor, Michael Terpin sues AT&T for $224 million

For losing his cryptocurrencies, a popular US digital currency investor, Michael Terpin has sued telecom giant, AT&T for $224 million. In a lawsuit filed by the cryptocurrency investor, Michael Terpin is accusing AT&T of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. […]