The African Development Bank said it has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited. The AfDB said the funding is to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum. The […]
Due to the fact that the institution now complies with the requirements of the four-eye principle, BaFin fully lifted the lending prohibition of 2 January 2016 on 16 May 2018.
China’s largest search engine company said Qi Lu will no longer serve as the chief operating officer of the company starting in July 2018. Baidu said Qi Lu will continue to serve as vice chairman of the board of directors. “I like to express my sincere gratitude to Qi, who […]
Nigeria’s largest insurer, Leadway Assurance Company Limited, said its gross premium for the financial year 2017 rose by 60%. The disclosure was made available in its audited annual general result at its annual general meeting holding in Lagos as we file in this report. The result is a major achievement […]
Nigeria’s largest insurer, Leadway Assurance Company Limited said it has appoint KPMG Professionl Service as its external auditors. PriceaterhouseCoopers, its former auditors will not be retained going forward.
Trafigura Group, one of the world’s leading independent commodity trading companies, has announced the successful pricing of its inaugural Swiss franc senior bond for CHF165 million and 5-year maturity. The bond, priced at 2.25 percent, was issued by Trafigura Funding S.A. under its European Medium Term Notes (EMTN) programme and […]
Despite the continuous plunge in prices of Bitcoin, the digital currency community might get excited today as Switzerland said it will look floating e-franc. According to Reuters News, e-franc will be Switzerland’s official digital currency. Despite been seen as a major change of ‘mind’, the Swiss said they will begin […]
Funds advised by Triton (“Triton”) and KKR have announced the sale of Mehilainen, a provider of private health care and social services in Finland, to CVC Capital Partners for an undisclosed amount. The sale is subject to regulatory approval. Triton and KKR acquired Mehilainen in March 2010 as joint investors […]
Jeff Holden, Uber Technologies Inc Chief Product Officer is leaving the company as part of recent executive departures in the ride-hailing startup. According to Reuters News which cited an Uber spokesperson, Holden oversaw Uber Elevate, the company’s flying car operation, which is now headed by Eric Allison, the spokesman said, […]
Nigeria’s President, Muhammadu Buhari has approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country. A statement from the State House confirmed that the National Economic […]