Bank of America Merrill Lynch and Standard Chartered could be among the banks organising the 2019 London public listing of Dangote Cement, chairman and CEO Aliko Dangote said on Monday. Asked who the bankers could be for the IPO, Nigerian businessman Dangote said “the usual ones…Bank of America Merrill Lynch, Standard Chartered.” Speaking at the […]
Germany on Sunday denied an Italian newspaper report that it planned to fly migrants back to Italy, after the allegation drew a threat from Italy’s Interior Minister to refuse landing permission to unauthorised planes carrying asylum seekers. La Repubblica reported on Saturday that Germany’s refugee agency had sent “dozens of letters” to migrants advising them […]
The Nigerian central bank may reduce the amount it has ordered South African telecoms firm MTN to repatriate as part of an ongoing disagreement, central bank governor Godwin Emefiele said on Sunday. MTN and the central bank are in a dispute over the transfer of $8.1 billion of funds which the bank said the company […]
The Lagos State Government has released N795 million in September to settle part of accrued pension rights of its retirees. The Lagos State Pension Commission (LASPEC) said on Sunday in Lagos that the gesture was in fulfilment of monthly pension settlement embarked on by Gov. Akinwunmi Ambode. According to LASPEC, the fund was released for […]
Nigerian government officials met with fund managers in New York last week on a non-deal roadshow held to update bondholders on the country’s growth plan after getting out of recession, an investor presentation seen by Reuters on Saturday showed. The economy recovered from its worst downturn in a quarter of a century last year, but […]
Cristiano Ronaldo, embroiled in rape allegations, scored for Juventus in Saturday’s Serie A game against Udinese. The Portuguese forward lashed in the second goal for the Italian champions after 37 minutes from the left following a cross from Croatia’s Mario Mandzukic. It was his fourth this season for Juventus, with the 33-year-old celebrating wildly with […]
Element Group, a cryptocurrency economics and digital assets solutions analyst, published a report explaining that the SEC’s delay in approving bitcoin ETF proposals is the primary reason why the market has become so boring in recent weeks. “One can argue that the depressed volatility patterns we’re seeing with bitcoin is the market slowly adopting bitcoin […]
In this series, we’re ranking four global integrated energy companies based on their likely earnings growth YoY (year-over-year) in the third quarter. Previously, we discussed Chevron (CVX), Royal Dutch Shell (RDS.A), and BP’s (BP) earnings estimates. Chevron’s earnings are expected to grow 152% YoY in the third quarter—the highest among its peers. Shell and BP […]
Lawyers representing Kathryn Mayorga, the woman accusing Cristiano Ronaldo of raping her claim the Juventus striker spent around $1,000,000 on “personal reputation protection specialists”. And that she was gagged not to divulge the rape. The reputation specialists, the lawyers claimed, were employed by Ronaldo in the UK, US and Portugal to discredit Mayorga and her […]
Melania Trump concluded her trip to Africa on Saturday by urging people to pay less attention to what she wears and also voicing support for her husband’s embattled Supreme Court nominee. The U.S. first lady said the message of her tour to Ghana, Malawi, Kenya and Egypt was to show the world that “we care.” […]