Several Corporates Issue Commercial Papers At Time of Covid-19 Downturn

May 26, 2020 251

Banking & Finance

market analysis By Sanya Ademiluyi In what appears to be a counter-intuitive move, several companies,some of them financial nameplates are issuing commercial papers to take on debt at this time of uncertainty under a covid-19 economic downturn. A roll call of these corporates include First Bank Merchant Bank, United Capital and MTN. Investment bank, United […]Continue Reading

France Ratifies Law Ending Use of CFA franc In West Africa

May 23, 2020 306

Banking & Finance Breaking News

France has ratified a law ending the use of CFA Francs in West Africa says a spokeswoman for the French government, Sibeth Ndiaye, and quoted by AFP, May 21. “It was during an official visit to Ivory Coast in December 2019 that they (President Macron and French West African leaders) announced a historic reform of […]Continue Reading

GurMohammed,Transmission Co CEO Sacked

May 21, 2020 275

Breaking News Briefs

The Managing director of the Transmission Company of Nigeria, TCN, Mr Gur Mohammed has been relieved of his position. Aaron Artimas, spokesman of the Federal Minister of Power, Mamman Sale who announced the sack, Wednesday, May 20,2020 said that Mr Mohammed sack took immediate effect and he would be replaced by Engineer Sule Ahmed Abdulaziz, […]Continue Reading

Fraudulent Deals: AfDB Debars China Zhonghao

May 16, 2020 312

Breaking News Corporate Governance

The African Development Bank ( AfDB) has debarred China Zhonghao Limited, a Chinese construction company with a lot of interest on the African continent from bidding for construction contracts financed by the bank,May 14. This follows an indictment of China Zhonghao for fraudulently misrepresenting its year of incorporation, value of its reference contracts and cognate Continue Reading

Gbadegesin Appointed MD/ CIO of ARM-Harith Infrastructure

May 15, 2020 276

Banking & Finance News

ARM Harith Infrastructure Fund Managers (Armhif) has recently appointed Tariye Gbadegesin as its Managing director and Chief Investment Officer,CIO. ARM Harith Infrastructure Fund Managers (Armhif) is a Joint Venture between Asset & Resource Management Company Ltd (ARM), a Nigerian institutional investor with US$2.3 billion of assets under management and Harith General Continue Reading

Goldman Sachs: Jet Fuel Demand Recovery Could Take Years

May 14, 2020 310

Aviation Oil & Gas

By Tsvetana Paraskova – May 11, 2020 While global oil demand is set to rebound with a V-shaped recovery, demand for jet fuel will continue to languish for at least another two years, cut by significantly reduced business travel, Goldman Sachs says, reported by Business Insider. “We believe oil will exhibit a V-shaped recovery, but […]Continue Reading