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All posts tagged "ticker"

  • Ghanaian UBS trader who lost $2.3bn jailed for seven years

    UBS trader Kweku Adoboli was jailed for seven years in London on Tuesday for gambling away $2.3 billion of the Swiss bank’s money in Britain’s biggest ever fraud. The Ghanaian-born banker, 32, was found guilty of two...

    • Posted November 21, 2012
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  • Abia governor presents N134bn appropriation bill to lawmakers

    ABIA State Governor, Dr. Theodore Orji, Tuesday, presented the state’s 2013 budget estimates, which proposed an outlay of N134.1 billion, comprising N67.82 billion or 50.56 per cent as recurrent expenditure and N66.33 billion or 49.44 per cent as...

    • Posted November 21, 2012
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  • Diamond Bank appoints HSBC, Stanchart for $300 mln Eurobond

    Diamond Bank has appointed HSBC, Standard Chartered Bank and Renaissance Capital for its debut $300 million Eurobond issue planned for the second quarter of next year, a bank executive told Reuters on Friday. Abdulrahman Yinusa, chief finance officer, said...

    • Posted November 19, 2012
    • 0
  • Cocoa Output Seen Falling 20% on Disease, Flood

    Cocoa output in Nigeria, the world’s fourth-biggest producer, is forecast to fall at least 20 percent due to disease and floods stemming from heavy rains this year, the country’s main industry group said. “The weather changes caused...

    • Posted November 19, 2012
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  • Shadow Banking Grows to $67 Trillion Industry, Regulators Say

    The shadow banking industry has grown to about $67 trillion, $6 trillion bigger than previously thought, leading global regulators to seek more oversight of financial transactions that fall outside traditional oversight. The size of the shadow banking...

    • Posted November 19, 2012
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  • Want to Know Where Subsidy money Went: Think Private Planes…$6.5 billion Worth of High Flying

    Within the last five years, some of Nigeria’s wealthiest people have spent about $6.5 billion acquiring new private jets, making it Africa’s biggest market for private planes, according to a new report. In a report published Monday...

    • Posted November 15, 2012
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  • Private equity poised for push into Africa

    Private equity houses are swapping low-growth buyout deals in Europe and North America for a slice of booming consumer demand in Africa. They are drawn by a youthful and booming population that could almost double to 2...

    • Posted November 14, 2012
    • 0
  • LASG Gives 48-hour Ultimatum to 1004 Estate Residents

      The Lagos state government has given the residents of 1004 a 48 hr ultimatum before they shut  down the group of flats. This was due to the failure of the residents to pay outstanding Land Use charges....

    • Posted November 14, 2012
    • 1
  • FG appoints Stanbic as Government bond broker

      The Federal Government has appointed Stanbic IBTC as stockbroker for its debt, in a move aimed at expanding participation in government bond issues to retail investors on the bourse, the debt office said on Wednesday. Africa’s...

    • Posted November 14, 2012
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  • RenCredit MFB Opens in Nigeria to Focus on Middle-Income Market

    RenCredit MFB Ltd., the Nigerian consumer-finance unit of Moscow-based Renaissance Group, opened operations in sub-Saharan Africa’s second-biggest economy. “We plan to lend about 1 billion naira ($6.3 million) over the next six months, but much of our lending...

    • Posted November 13, 2012
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