FinanceNewsTechnology

Snapchat on offer for $3Billion

In documents filed with the SEC on Thursday, Snap Inc., parent company of Snapchat, filed to go public. As previously reported, the company will list its shares on the New York Stock Exchange. Its proposed trading symbol is “SNAP.” The maximum proposed offer amount is $3 billion. This filing does …

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FinanceNews

Macy’s, Sears Shut Stores amid Losses

Macy’s announced that it is shutting down 68 stores and cutting more than 10,000 jobs. The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday. Meanwhile, Sears Holdings is also …

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FinanceReligious

RCCG floats Credit Union in America

Redeemer Federal Credit Union, the fourth USA federally chartered credit union in 2015, has been inaugurated at the RCCG North America headquarters in Greenville, Texas. The Chairman RCCG NA Pastor Fadel conducted the ceremonial ribbon cutting at the Church headquarters. Employees and members of the Redeemed Christian Church of God …

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FinanceNews

Nigeria Joins Infamous List of TW 14

Washington DC – US terror watch lists have been radically revised after a foiled attack on a US-bound jet, a White House spokesman said, as tough new airport screening measures swung into effect. No thanks to Farouk Mutallab who has dragged Nigeria’s name into the TW 14. Officials had conducted …

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FinanceNews

Bank Stakeholders Clamor for Private Jet Sale

NIGERIA – As the wave of bank reforms sweep through Nigeria, it has been revealed that some Bank executives used shareholders funds to acquire private jets. The aircrafts which are spotted at various airports across the country have become a cause for concern. Stakeholders are asking the APEX body to …

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Finance

Nigeria: CBN Releases Debtor List

The Central Bank of Nigeria (CBN) yesterday made good its threat to publish names of non-performing debts – owed mostly by politicians, entrepreneurs and shareholders/directors – whose companies secured loans totalling N450 billion from five banks. The banks – BankPHB Plc, Equitorial Trust Bank, Spring Bank Plc, Wema Bank Plc …

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FinanceNews

DIRECTORS OF FIVE NIGERIAN BANKS SACKED

NIGERIA – The Central Bank of Nigeria today removed the Managing Directors and Executive Directors of the following banks;  Intercontinental Bank Plc (Erastus Akingbola) Oceanic Bank Plc (Mrs Cecelia Ibru) Union Bank Plc (Barthlomew Ebong) Fin Bank Plc (Okey Nwosu) Afribank Plc (Sebastian Adigwe)   The new appointees are;  Lai …

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FinanceNews

Billonaire Alhaji Aliko Dangote emerges 17th NSE president

NIGERIA – AFTER months of controversies, accusations and speculations, Alhaji Aliko Dangote, yesterday emerged the 17th President of the Nigerian Stock Exchange. Dangote who, until his election, was the First Vice President of the NSE, emerged the President, following his appointment by the NSE Council members in Lagos. The new …

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