Home Tags Citigroup


MTN to list N153bn shares on Nigerian Stock Exchange

Telecoms operator, MTN Group Limited, is planning to raise about N153bn ($500m) from the sale of shares in its Nigerian business during the first half of this year, fulfilling the terms of a deal struck with the country to settle a record fine, Bloomberg has reported, quoting people familiar with the matter.

British banks ban buying of bitcoin with credit cards

Britain’s biggest lender, Lloyds Banking Group Plc, has disclosed that it would ban its credit card customers from buying crypto currencies.

Saudi’s Ritz-Carlton to re-open after months being used as jail

The Ritz-Carlton in Saudi Arabia is to re-open within days after months of being used as a makeshift prison.

Bitcoin tops $18,000 in debut on major bourse

Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous.

Saudi king swears-in new ministers amid anti-corruption crackdown

Saudi King on Monday swore in the new head of the National Guard, replacing a royal removed in a major crackdown described as an anti-corruption drive in the oil-rich kingdom.

Cryptocurrencies’ market cap hits record $200 billion

The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting their reported market value at more than that of U.S. banking giant Citigroup.

Access Bank takes impairment on 9mobile loan

Nigeria's Access Bank said on Wednesday it had booked a 4 billion naira ($13 million) impairment on its loan to troubled telecoms firm 9mobile, formerly known as Etisalat Nigeria.

Banks move to stabilise 9mobile ahead of sale

The 9mobile creditor banks are said to be trying to stabilise the business of the troubled country’s fourth largest telecoms group, until they can find new investors, First Bank said, adding that it saw no need to impair loans made to the company, because of its cash flows.


Recent Posts

Expert urges Nigerians to adopt sleep hygiene

Dr Itopa Garuba, a behavioural Scientist at the General Hospital Minna, has called on Nigerians to adopt sleep hygiene for the body’s general well being. ‎

Governor Ambode: Location of Olusosun dumpsite unhealthy

Lagos State Governor, Mr Akinwunmi Ambode on Friday justified the decision of the State Government to shut down the Olusosun dumpsite in Ojota, saying the location of the facility was no longer healthy both for trading activities and residents living in the neighborhood.

Dapchi abduction: House of Representatives investigation to focus on security agencies’ action, inaction

The House of Representatives has said that it would not shy away from apportioning blames to agencies that shirked its responsibilities in the abduction of 110 students of Government Girls Science and Technical College, Dapchi, Yobe State on 19 February, 2018.

Joel Obi returns to Torino training, set for Super Eagles friendlies

Torino midfielder Joel Obi handed the Super Eagles coach Gernot Rohr a major boost ahead of the friendly matches against Poland and Serbia next week by returning to training with the Serie A club ahead of Sunday’s league clash against Fiorentina.

Gbolahan Salami match winner on debut in Kazakhstan

Gbolahan Salami made a goal-scoring debut for his Kazakhstani club Irtysh Pavloda today as he scored the match winner in their 2-1 win over visitors Aktobe.

Most Popular

AfDB to spend $711m on projects in Nigeria

The African Development Bank (AfDB) on Friday said it would invest 711.5 million dollars in some projects in the country including power supply.

Lionel Messi announces birth of third son ‘Ciro’

Lionel Messi has announced the arrival of his third son, Ciro. His wife gave birth on Saturday.

Turkey seeks life imprisonment for detained US pastor

A Turkish prosecutor on Tuesday requested life imprisonment for detained American pastor Andrew Brunson over alleged links to a failed coup attempt in 2016, the private Dogan news agency said.

Ethiopian Airlines: How we are supporting Nigerian economy

Ethiopian Airlines has disclosed how it has been supporting the Nigerian transport sector to build the nation’s economy.

Governor Okorocha appoints Emmanuel Babayaro as special adviser

Imo State Governor Rochas Okorocha has appointed former Nigeria international goalkeeper Emmanuel Babayaro as special adviser to the state government on New Economic Partnership for African Development (NEPAD).