Business News

Traders back local firms to buy Petrobras’ Nigerian oilfield stakes

27/3/2018/Reuters Ron Bousso, Julia Payne Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil’s Petrobras valued at up to $2 billion, several sources familiar with the matter said. Cash is being lined up for purchases of stakes in […]

UBA London subsidiary gets wholesale banking licence

March 28, 2018/Punch The United Bank for Africa on Tuesday announced that its London subsidiary had obtained regulatory approval to carry out wholesale banking activities in the United Kingdom. Following this authorisation, UBA is now the only sub-Saharan African bank to conduct banking activities in New York and London, as […]

Twitter Follows Facebook and Google, Confirms Ban On Cryptocurrency Ads

Culled—Proshare March 27, 2018/By Aaron Wood for CoinTelegraph  Twitter Inc will start banning cryptocurrency advertising effective Tuesday, Reuters reports March 26.  Twitter has confirmed rumors that the social media giant would follow Facebook and Google in clamping down on crypto-related advertising.  Twitter told Reuters that the ban will cover advertising for Initial Coin Offerings (ICO) and […]