-Luxury automaker Aston Martin is reportedly preparing for an IPO. -The IPO could be worth as much as £5 billion, according to reports. -The manufacturer is currently owned by Italian private equity fund Investindustrial. Luxury carmaker Aston Martin is lining up three banks to manage a floatation that could value the firm at between £4bn […]
Gold prices on Friday slumped below their weakest level in two weeks, coinciding with a steady US dollar and ahead of important economic data. By 10:45 am GMT, Comex gold futures slipped by 0.11% to $1,327 per ounce, dipping below their two-week low. The decline came amid growing trade tensions between US and China and […]
Nigeria’s oil exports are expected to hold at close to 1.8 million barrels per day (bpd) in May, loading plans showed on Friday. The loading plan included at least 1.799 million bpd on 61 cargoes, but traders said two to three additional 950,000 barrel cargoes of Usan would be added at some point. Usan operator […]
EU official has called for action against internet companies that harvest personal data, as Brussels prepares to move against those spreading “fake news” following the Cambridge Analytica revelations. Sir Julian King, the European commissioner for security, wants “a clear game plan” on how social media companies are allowed to operate during political campaigns to be […]
—-The combined net worth of the 500 wealthiest people on the planet fell $181 billion this week. It’s been an expensive two months for the 500 wealthiest people on the planet. Their combined net worth fell $181 billion this week as the S&P 500 Index and Dow Jones Industrial Average suffered their steepest weekly drop […]
Black Panther will pass two major milestones this weekend. First, possibly as soon as tomorrow, it will top the $623 million domestic total of The Avengers by Sunday night. That will mean, unadjusted for inflation, that Ryan Coogler and John Robert Cole’s MCU superhero flick will be the highest-grossing comic book superhero movie ever in […]
Nigeria’s senate approved the appointment of two deputy central bank governors and three members of the Monetary Policy Committee (MPC) on Thursday, giving the rate-setting panel sufficient numbers to meet for the first time this year. The Senate had held up some of President Muhammadu Buhari’s nominations in a dispute that had left the MPC […]
Nigeria’s senate approved the appointment of two deputy central bank governors and three members of the Monetary Policy Committee (MPC) on Thursday, giving the rate-setting panel sufficient numbers to meet for the first time this year. The Senate had held up some of President Muhammadu Buhari’s nominations in a dispute that had left the MPC […]
The Securities and Exchange Commission (SEC) on Wednesday said that the sum of N17.09 million has been disbursed to 297 investors from its National Investor Protection Fund (NIPF). A source close to the commission said the NIPF board at its first meeting on Dec. 14, 2015, approved N25 million from the fund, adding that out […]