Wed Apr 1, 2015/Reuters Citigroup Inc (C.N) is planning to sell Prime Reinsurance Co, a unit created five years ago when the bank spun off its life insurance business, Primerica Inc (PRI.N), Bloomberg reported. The unit, referred to as Prime Re, could draw interest from Reinsurance Group of America Inc […]

April 1, 2015/Bloomberg Barclays Africa Group Ltd. decreased Chief Executive Officer Maria Ramos’s pay by 0.3 percent after South Africa’s third-largest lender conformed with U.K. regulatory requirements on compensation. Ramos, 55, was paid 28.57 million rand ($2.38 million) for 2014, the Johannesburg-based lender’s annual report published on Wednesday shows. Ramos […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Top two (2) world Cement producers, Lafarge and Holcim said on Wednesday they have received clearance from the Competition Commission of India (CCI) for their proposed merger. “A package of asset divestments has been agreed with the CCI which includes 1 cement plant and 1 […]