London Stock Exchange

Why the London Stock Exchange is scouting for potential African listings

The London Stock Exchange (LSE) is on the road, scouting for potential new listings from African countries, including Nigeria.
Shareholders sue Boeing, Ethiopian preliminary findings, Boeing 737-Max model crash, Ethiopian Airlines Insurance

More troubles for Boeing as shareholders sue company over 737-Max crashes

Shareholders of @Boeing are suing the company for "defrauding" when it concealed safety deficiencies in its 737 MAX planes.
IMF raises Nigeria’s growth forecast, Globat trade tension, US-China trade war, International Monetary Fund IMF, IMF advises Nigeria to keep inflation down, International Monetary Fund, Godwin Emefiele, Nigeria's External Reserves and Sovereign Wealth Fund: Why IMF can't be ignored

Nigeria’s growth forecast has been raised by the IMF

Nigeria's economic growth for 2019 was on Tuesday revised by the International Monetary Fund (@IMFNews). The global monetary cooperation raised Nigeria's growth forecast by 0.3 percent.
Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case

Nigeria ranks 7th country with highest number of internet users in the world

Nigeria's evolving internet market has just hit another milestone, as the latest statistics released by the Internet World Stats revealed that the country now ranks 7th in terms of countries with the highest number of internet users in the world.
Safaricom market share, Raila Odinga calls for boycott of Safaricom, Kenya election

Kenya’s biggest telco is losing market share, and it’s all political

The largest telecommunications provider in Kenya, Safaricom, is losing its grip in the East African country's telecom industry, and it's all political.
Nigeria, others raise over $17bn from bonds, says World Bank

World Bank appoints David Malpass as President

David Malpass has been named as the 13th President of the World Bank Group. Malpass appointment comes after the World Bank Board of Directors announced that only one nominee was proposed for the position when the deadline closed on Thursday, March 14, 2019.
JPMorgan Chase & Co, Malabu Oil, Dan Etete, Oil scandal, ENI, Shell

JP Morgan responds to FG’s Malabu court case

The Federal Government's suit against JPMorgan Chase & Co has been described as a claim with no real prospect of success by Rosalind Phelps, a lawyer for the American multinational investment bank.
Indian seafarer

The implications of India’s recent ban of its seafarers off Nigeria’s waters

India’s Director-General of Shipping, Capt Anish Joseph, has banned seafarers of Indian origin from working in various coastal states jurisdiction in the Gulf of Guinea.
Messi emerges highest paid Sportsman on earth; here is how

Messi emerges highest paid Sportsman on earth; here is how

The latest report released by Forbes shows that Lionel Messi of Barcelona claims the top spot with a significant yearly pay of $127 million which covers $92 million salaries and $35 million endorsements.
David Malpass, World Bank

Meet Trump’s possible nominee for World Bank President

President Donald Trump of the United States of America (USA), will this week, nominate Senior Treasury Official, David Malpass, to lead the World Bank....
UN back AfDB's $10 billion desert to power initiative, African Development Bank, United Nations, António Guterres and Akinwumi Adesina

UN supports AfDB’s $10bn ‘Desert to Power’ initiative for Africa

The initiative by the African Development Bank (@AfDB_Group) to power millions of households in Africa has been backed by the United Nations (@UN). This is in a bid to ensure the success of the electricity project.
Boeing CEO addresses new issues on Boeing 737 MaxFAA pilots discovers flaw on Boeing 737 Max plane, Pilots Sue Boeing, 400 Pilot X sue Boeing for 737 Max crash, MCAS, American Airlines, Air Peace, Boeing's MCAS system, Boeing suspends forecast, Boeing miss earnings projection, Boeing first quarter revenue earnings, Ethiopian Airlines B737-Max8 aircraft crash, Air Peace, Allen Onyema, Federal Government, FAA investigation into Boeing

Revealed: Boeing knew of Max’s faulty system and could have prevented crashes

New report has emerged that aircraft manufacturer, @Boeing, was aware of fault on the 737 Max models long before the @lionairgroup and @flyethiopian Airlines crash that claimed the lives of all passengers on board the planes.
London Stock Exchange- Ecobank Transnatonal

Ecobank celebrates successful issuance of $500 million Eurobond on the LSE

The London Stock Exchange (@LSEGplc) played host to @GroupEcobank today, June 7, 2019, after a successful listing of the Eurobond on the LSE's main market.
Tanzanian-based Zola Electric expands into Nigeria

Tanzanian-based Zola Electric expands into Nigeria

Tanzanian-based renewable energy company, Zola Electric has announced the company is planning on entering the Nigerian market, after its successful growth and expansion in Tanzania, Rwanda, Côte d’Ivoire, and Ghana.
Unilever, Graze

Unilever acquires British snack company, Graze

Unilever has acquired snacks company, Graze, from Carlyle’s European technology fund, seeing off interest from competing bidders including Kellogg and Pepsico, the owner of Walker’s Crisps, to clinch the deal.
Stanbic IBTC addresses China's role in bank's ecosystem

Stanbic IBTC addresses China’s role in bank’s ecosystem

Nigerian lender, Stanbic IBTC have joined fellow Chinese nationals in Nigeria to celebrate the Asian country's new year, while underlying the important role the Chinese community in Nigeria have played in the bank's business ecosystem.
Oil Prices may rebound as China and U.S. agree to restart trade talks

Oil Prices may rebound as China and U.S. agree to restart trade talks

Oil prices may rebound next week following the decision by the United States of America and China to restart trade talks.
Eden Hazard

Real Madrid set to make a fortune from Harzard’s signing

Eden Hazard finally signed with Real Madrid after spending close to 7 years at Chelsea where he won two Premiership titles, two Europa cups, one FA Cup title and a host of awards
Slack to go public

Tech company, Slack is set to go public

American tech company, Searchable Log of All Conversation and Knowledge, popularly known as Slack, has confidentially filed to go public. This is according to a...
Watch as Bill Gates and Warren Buffet light up customers' faces at a restaurant

Watch as Bill Gates and Warren Buffet light up customers’ faces at a restaurant

Melinda Gates, the Co-chair of the Bill & Melinda Gates Foundation and wife of the second richest man in the world, recently shared a heart-warming video of Bill and Warren Buffet selling burgers and blizzards at a restaurant.
Maureen Mba, Afreximbank, Egypt, Orascom Investment, Compliance department, Investment

Maureen Uba appointed director of compliance at AFREXIM

A Nigerian will head the compliance department of African Export-Import Bank (Afreximbank) after the Pan-African Multilateral Financial institution decided to upgrade its compliance function to a full department.
Nigeria U.S. Donald Trump-oil prices

Oil Prices jump after Trump provides updates on trade-war

Oil prices spiked on Tuesday, erasing earlier losses after the U.S President Donald Trump disclosed that he would meet with the Chinese President Xi Jinping at the G20 summit later this month.
Toyota Electric car market, Electric car companies, Toyota solar electric cars

Toyota begins solar testing for electric cars as market competition heats up

The electric car market is still in its growth phase but already saturated with various companies looking to edge out the other, however, to establish their footprints more innovations are being incorporated, and @ToyotaMotorCorp is reportedly working on one.
Elon Musk, Tesla, SEC, Stock, Twitter

Elon Musk fires back at SEC on twitter

Elon Musk and the United States Securities and Exchange Commission have continued their verbal attack.
Andre Iguodala joins Jumia board of directors

Popular NBA star Andre Iguodala joins Jumia’s board of directors

American basketball star, Andre Iguodala, has been announced as the newest members of Jumia's Board of Directors.
Boeing CEO addresses new issues on Boeing 737 MaxFAA pilots discovers flaw on Boeing 737 Max plane, Pilots Sue Boeing, 400 Pilot X sue Boeing for 737 Max crash, MCAS, American Airlines, Air Peace, Boeing's MCAS system, Boeing suspends forecast, Boeing miss earnings projection, Boeing first quarter revenue earnings, Ethiopian Airlines B737-Max8 aircraft crash, Air Peace, Allen Onyema, Federal Government, FAA investigation into Boeing

America’s grounded Boeing 737 Max may return to the sky by December

Boeing Co, the American manufacturer of the ill-fated Boeing 737 Max plane that recently killed 149 passengers and 8 crew members in Ethiopia, has announced that its controversial plane model may resume flights before the end of 2019.
Jony Ive leaves Apple, Jony Ive's replacement

The designer who created iMac, iPad, and iPhone has left Apple

Jony Ive began his career as a designer of toilets and toothbrushes before taking up a job at @Apple in 1992. However, he was just a mere designer until Steve Jobs invested in his innovative ideas.
Airbus unveils world's longest single-aisle airliner; the Airbus321XLR

Airbus unveils world’s longest single-aisle airliner; the Airbus321XLR

Aircraft manufacturer, Airbus, has unveiled the design for the Airbus321XLR, the world’s longest-range single-aisle airliner. 
Norwegian Air, Boeing 737 Max 8

More troubles for Boeing as Norwegian Air demands compensation for grounded flights

Norwegian Air is demanding compensation for the grounding its 737 Max 8 jets.
Oil revenue, Trouble as crude oil price drops

Oil Prices hit 6-months high, as Trump moves to completely stop Iran’s oil export

Oil prices continued its bullish run as Brent crude futures spiked to a six-month high of $74.36 per barrel in the early hours of today

Popular

Ministerial list

President Buhari assigns portfolios to all 43 ministers [Full-List]

President Muhammadu Buhari has finally assigned portfolios to all the forty three (43) ministers. 
Toyota SUV landcruiser

Toyota to cancel Land Cruiser, opens ancillary auto centre in Abia 

By 2022, Nigerians and other users of Toyota’s Land Cruiser will no longer be able to purchase the Sport Utility Vehicle (SUV) following the decision of the carmaker to stop producing it.
FIRS, GIGM

Tax Defaulters: FIRS names Coldstone, Payporte, Davido, amongst others

The Federal Inland Revenue Service (FIRS), has published a list of different bank accounts it placed under lien for owing taxes.