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SEC approves N36bn investment in Union Venture

By Udeme Ekwere Union Venture & Petroleum Plc, a company quoted on the second-tier segment of the Nigerian Stock Exchange, has received approval to take in a core investor. According to a statement from UVPP, the approval, given by the Securities and Exchange Commission, allows Gland Energy Services Limited to […]

London may lose appeal for ‘grumpy’ banks

By Agency Reporter LONDON: London may become less attractive to banks if the United Kingdom government bows to public pressure for higher taxes on bonuses, said Chris Grigg, chief executive officer of British Land Company, the biggest developer in the city’s main financial district. Banks still feel “grumpy” about the […]

Web startups clamp down on trading of shares

By Agency Reporter SAN FRANCISCO/NEW YORK: The buying frenzy over hot Web companies from Facebook, Zynga and Twitter to smaller shops such as Norins’ Nor1 have pushed companies to take action. Since Facebook began tightening guidelines on the trading of its shares on secondary markets about a year ago, the […]