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UNITED CAPITAL TRUSTEES APPOINTS NEW CEO
September 06, 2024

UNITED CAPITAL TRUSTEES APPOINTS NEW CEO

- Service Restoration: Unity Bank Plc has restored its services and resumed the collection of duties for cargoes from licensed customs agents and freight forwarders.- Previous Issues:- Downtime: The bank experienced a system breakdown from September 2, 2024, which prevented agents from capturing jobs and paying customs duties.- Impact: The system issue led to complaints from the Africa Association...

VERIZON TO ACQUIRE RIVAL FRONTIER COMMUNICATIONS IN $20 BILLION DEAL
September 05, 2024

VERIZON TO ACQUIRE RIVAL FRONTIER COMMUNICATIONS IN $20 BILLION DEAL

Verizon Communications Inc. has agreed to purchase Frontier Communications Parent Inc. for an enterprise value of $20 billion, marking a significant move in the telecommunications industry. The acquisition, detailed in a joint statement, includes a cash offer of $38.50 per share, representing a 37% premium over Frontier’s last closing price of $28.04. In addition to its equity value, the deal in...

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