Home Topics Bloomberg
New revelations have emerged that JPMorgan Chase & Co was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister, Dan Etete.
Two Nigerian lenders – Zenith Bank Plc and Access Bank Plc – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group.
Zambia’s Konkola Copper Mines (KCM) has not been temporarily or permanently shuttered, the state-appointed provisional liquidator of the copper mine previously owned by Vedanta Resources said on Wednesday, denying a Bloomberg report.
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
In a response to the growing demand, Dangote Cement Plc is poised to raise capacity by more than a third to meet the escalating demand as the Nigerian economy recovers.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are discussing downgrading next week’s the full-scale ministerial meeting, delegates said, a signal the coalition may stick with plans to gradually revive oil production.
Football is at war between UEFA and the Super League. The creation of a new competition, outside of the international bodies, has created a schism between clubs and organisations.
Apple has not been spared the effects of the ongoing global component shortage, according to a new report in Nikkei. The publication says that some production of MacBooks and iPads has been delayed, with “a portion of component orders” pushed back to the second half of 2021.
A Google researcher manager has resigned following the controversial firings of two female leaders in his organization. Samy Bengio, who oversaw the ethical AI team prior to a reorganization in February, is leaving to pursue other opportunities, according to Bloomberg. His last day will be April 28th.
The Presidency has said that there was not a time when President Muhammadu Buhari promised to make N1 equivalent to $1.
The Presidency has attacked former Vice President Atiku Abubakar for his comment on the Bloomberg report that Nigeria may emerge the country with the highest unemployment rate in the world.
A former vice president, Atiku Abubakar, has again called on the federal government to sell off the Nigerian National Petroleum Corporation (NNPC) and its refineries.
Egyptian authorities suggest the Ever Given ship running aground on Tuesday morning could be due to "human error," according to MailOnline.
Roshdy Zakaria, Chief Executive of EgyptAir Holding Co. told reporters in Ras Al Khaimah, one of the emirates of the UAE, that the new airline, likely called Air Ghana, will probably begin operations “in a couple of months”, adding EgyptAir will provide four Boeing Co. 737-800 aircraft to the Accra-based airline in which it will have a 75% share.
Apple recently discontinued the iMac Pro, and two configurations of the 21.5-inch iMac are now joining the Pro in retirement. As spotted by MacRumors, the 512GB and 1TB SSD configurations of the 21.5-inch iMac are no longer available for purchase, with only the 256GB SSD and 1TB Fusion drive versions available to buy on Apple’s website.
Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published by the Nigerian Stock Exchange (NSE) on Friday.
Facebook is addressing the criticism it’s faced for its role in human rights abuses by putting its values on paper in a new “corporate human rights policy” collecting “the human rights standards [it] will strive to respect.” Under the policy, Facebook is committing to providing an annual report on its impact on human rights and a fund for human rights defenders.
A judge in California ruled Friday that Google has to face a class action lawsuit that claims the search giant secretly collects data from users even when they’re using its private “Incognito” mode, Bloomberg reported.
Taraba State Governor Darius Ishaku has described the death of former minister of Women Affairs Senator Aisha Jumai Alhassan as a personal loss to him.
President Muhammadu Buhari on Friday said he is deeply saddened by the death of Hajiya Aisha Jummai Al-Hassan, “Mama Taraba’’, who was Minister of Women Affairs and Social Development during his first term in office.
Newcastle gave their Premier League survival hopes a huge boost after hammering Leicester 4-2 at the King Power Stadium.
Edo state government will spend over N3 billion to implement the Covid-19 Action Recovery and Economic Stimulus Programme.
The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians.
Fans will be allowed to attend the Europa League final in Gdansk later this month, after UEFA reached an agreement over spectators with the Polish government.
The Ondo State Police Command said on Friday that it had arrested no fewer than 20 persons in connection with the cult clash that occurred in Owo, the headquarters of Owo Local Government Area of the state.
The Kogi State Government has assured the family of abducted chairman of Yagba West local government council, Hon. Pius Kolawole, of its commitment to ensure his release.
The Chief of Army Staff, Lieutenant General Ibrahim Attahiru, has reiterated the commitment of the Nigeria Army to enhance reforms of the Army to address emerging security threats and resource troops as well as improve the capacities of Army personnel for complex operations.
The Enugu State Small and Medium Enterprises (SME) Centre is currently training 350 youths on automobile panel beating, painting and artwork.