U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France’s biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sources said that number was only proposed as a negotiating tactic in response to an […]
Author: InvestAdvocate
Emir Of Kano, Ado Bayero, Passes @ 84
The Emir of Kano, Ado Bayero is dead. Bayero, who became Emir in 1963, died Friday morning in Kano, after a protracted illness Confirming his demise, spokesperson to the Kano State governor, Baba Dantiye, said “he is expected to be buried same day according to the islamic tradition.” Though details […]
UK Economy Rebounds Strongly with Inflation Down 2%-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The United Kingdom’s (UK’s) economy has rebounded strongly as inflation dropped two percent (2%) below the Bank of England’s (BOE’s) target, according to the International Monetary Fund (IMF). The IMF said growth is becoming more balanced and has accelerated since the second half of 2013. […]