Chinese brokerage First Capital Securities Co Ltd (002797.SZ) denied on Sunday that a unit of e-commerce firm JD.com (JD.O) was in talks to purchase a 24 percent stake. Reuters reported on Friday that JD Finance was in talks to buy the stake worth about $1.5 billion from First Capital’s top and third-largest shareholders, Bloomage Xinyu […]
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Litigation: 21st Century Fox challenge of CBS television buyout dismissed
An Australian judge dismissed a challenge by a group involving Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) on Monday against an agreed takeover by CBS Corp (CBS.N) of struggling television broadcaster Ten Network Holdings Ltd (TEN.AX). Twenty-First Century Fox and CBS were creditors of Ten when it went into administration three months ago. Twenty-First Century Fox […]
FMDQ approves registration of Wema Bank’s N50bn CP
Securities Exchange has approved the registration and listing of Wema Bank’s N50 billion Commercial Paper (CP) programme on its platform. The CP Programme registration, according to the Exchange, strategically positions Wema Bank Plc to easily and quickly raise short-term finance from the debt market at a time in the future it determines suitable, through CP […]
Coalition of treasury looters IPOB sponsors
The Indigenous People of Biafra (IPOB) is being sponsored by a coalition of treasury looters and certain disgruntled elements to sabotage the Buhari Administration, under the guise of fighting for the rights of the people of the South-east. Minister of Information and Culture, Alhaji Lai Mohammed said this today in Lagos Sunday. ”Nigerians must understand […]
Meter by-pass: Eko Disco to name and shame culprits
The Eko Electricity Distribution Company Plc (EKEDCP) says it has launched “Operation Name and Shame’’ in its continued fight against energy theft within its area of operations. Chief Executive Officer of the company, Mr Oladele Amoda, said in a statement in Lagos, on Saturday that the company would publish names and addresses of customers who […]
Dubai plans world’s largest solar power plant
Dubai, with peerless monuments such as the world’s 7-star hotel and tallest building, is taking its record breaking obsession to solar power. The small state, that is a part of the United Arab Emirates will implement the world’s largest Concentrated Solar Power (CSP) project valued at 14.2 billion dirham (3.87 billion U.S. dollars), the daily […]
Bayelsa in massive job creation
The Bayelsa Government said on Thursday in Yenagoa that it created over 7,000 direct and indirect jobs through the release of N1.88 billion loan to Small and Medium-scale to entrepreneurs and cooperatives. Gov. Seriake Dickson stated this at the 2017 African SME EXPO with the theme `Promoting SMEs for sustainable development and economic growth’. Dickson, […]
Oil demand to increase by 2m bpd –OPEC
Demand for oil is to increase by two million barrels per day (bpd) by the end of 2017, Secretary General of Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammed Barkindo has said Barkindo stated this while delivering an address at the Oxford Energy Seminar, Oxford University, London . “Another optimistic indicator going forward is global […]
Google sued for bias against women in pay, promotions
Three female former employees of Alphabet Inc’s (GOOGL.O) Google filed a lawsuit on Thursday accusing the tech company of discriminating against women in pay and promotions. The proposed class action lawsuit, filed in California state court in San Francisco, comes as Google faces an investigation by the U.S. Department of Labor into sex bias in […]
NECA gives panaceas for sustained economic growth
Nigerian Employers’ Consultative Association, NECA, on Thursday listed Some measures to be adopted by the government to sustain the economic recovery and growth of the country. NECA said this was important after analysing the economy in the wake of recent reports by the National Bureau of Statistics, NBS, that the country has exited recession. NECA President, […]