Steinhoff Africa said Johan van Zyl has decided to withdraw his candidacy for election to the Steinhoff Supervisory Board and has resigned his position as Supervisory Board member of the Company with immediate effect. The company said van Zyl’s decision will not be put to shareholders at the AGM. Ms. […]
Total E&P UK said that its Managing Director, Elisabeth Proust, will be retiring shortly, after 38 years of working for Total. Elisabeth began her career as a junior drilling supervisor with Elf Aquitaine (now Total) in 1980. An engineer by profession, she worked as one of the company’s development engineering […]
Mid-sized Nigerian lender, Wema Bank Plc said it is looking at selling N50 billion bond to shore up its cash reserve ratio above the regulatory limit. The approximately $159 million borrowing programme will see the bank cut its capital ratio down from 14% to about 10% as required by Nigeria’s […]
Guaranty Trust Bank Plc, one of the top lenders in Nigeria said it recorded a profit before tax of N52.62 billion for the first quarter of the year 2018. The top tier lender’s profit did not see a major jump when compared to 2017 when it reported N50 billion as […]
The CEO of Eni, Claudio Descalzi, has revealed that his company will spend about €8 billion in the next four years across its green activities in Italy and ongoing progress in research and development. Claudio Descalzi started by addressing the issue of safety across the company’s activities, as well as […]
Total said it has entered into an agreement with the controlling shareholders of Direct Energie for the proposed acquisition of 74.33% of its share capital. Total said the acquisition at a price of €42 per share, ex-dividend of €0.35 per share, representing an aggregate acquisition price of approximately €1.4 billion. […]
The world’s largest fund manager, BlackRock Inc., said it has signed a definitive agreement under which BlackRock will acquire TCP. TCP is a company focused on middle market performing credit and special situation credit opportunities. The acquisition augments BlackRock’s position as a leading global credit asset manager and advances its […]
McGraw-Hill Education has appointed Nana Banerjee as president and chief executive officer, effective April 23. Dr. Banerjee, 47, is currently group president of Verisk Analytics, a leading data analytics provider, and has a proven track record of driving global growth and exceptional performance in both public and private companies. He […]
After acquiring Jumia House, ToLet.com.ng, a property search and eCommerce site has now rebranded to PropertyPro.ng. It would be recalled that ToLet.com.ng now PropertyPro.ng had acquired Jumia House for an undisclosed amount after the latter’s parent company, Jumia had to divest from non-core eCommerce business. In an official statement issued […]
Italy’s Eni and Algeria’s SONATRACH said they have signed a series of agreements aimed at strengthening the integration between the two companies in jointly operated activities in the country. Eni said the partnership will be achieved through important synergies that will lead to significant cost savings and improved operational efficiency. […]