Gbadegesin Appointed MD/ CIO of ARM-Harith Infrastructure

May 15, 2020 275

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

Africa Finance Corporation Responds to Moody’s Rating Decision

May 8, 2020 277

Banking & Finance News

African Finance Corporation AFC has been reacting to its rating by Moody’s Investor Services which turned from stable to negative due to the covid-19 pandemic recently. On May 6,2020 the AFC noted that Moody’s Investor Services affirmed the Africa Finance Corporation’s (“AFC” or “the Corporation”) long-term issuer and senior unsecured ratings at A3. Concurrently, Moody’s Continue Reading

Aston Martin Dips 77 Million Pounds In 1st Quarter

May 7, 2020 403

Financial Markets News

Luxury car maker, Aston Martin Lagonda has released its trading results for the first quarter of the year showing revenues of 78.6 million pounds sterling. Total wholesale volumes for the period was 578 units. The car company also announced a successful capital raising of 536 million in the period, amid rumours of a likely bankruptcy. […]Continue Reading

COVID 19 – Fiscal authorities unleash another round of stimulus

April 8, 2020 249

Economy News

Cardinalstone Research looks at the financial authorities plan to cushion the adverse effects of covid-19 on the country’s economy,Monday,April 6,2020. Earlier today,Monday,April 6,2020, the Federal Government (FG), through the Minister of Finance, Budget, & National Planning, formally announced a set of fiscal stimuli aimed at easing the medical-cum-economic Continue Reading

Sirika Thumbs Up N20bn Nassarawa Airport Project

January 7, 2017 265

Aviation News

    sirika                                      ‘Al-Makura Minister of State, Aviation Hadi Sirika has again applauded the Nassarawa State airport project. The Minister said that having an airport in Lafia the Nassarawa capital would be beneficial to the state and also to the Federal Capital, Abuja. This is due to the proximity of Nassarawa to the FCT. Sirika said Continue Reading

UK: Lloyds Bank Acquires MBNA From Bank of America

December 22, 2016 759

Entrepreneurship News

  Lloyds Banking Group has announced, December 20,2016, that it has agreed to acquire MBNA Ltd (MBNA), a UK consumer credit card business, from the Bank of America. The group said that ,”the transaction is consistent with the Group’s stated strategic ambitions of growing in Consumer Finance and will enable the Group to enhance its […]Continue Reading