Kodak shares plummeted almost 28% on Monday following an announcement made by a federal agency to suspend the $765 million loan that was supposed to be given to the former film company to produce COVI...
The managers of ANT Group, a subsidiary of Alibaba is in plans to offer 15% of the company in an initial public offering, placing a value of $200 billion on the financial technology business. With...
In October 2019, two renowned black-owned investment banks merged their firms to become a large financial firm that will lead the minority- and women-owned investment banking sector to match other maj...
Chinese tech giant and TikTok parent company, ByteDance is in early IPO talks to publicly list some of its businesses including short video app Douyin, according to a source familiar with the matter.F...
Warren Buffet’s Berkshire Hathaway (BRK) announced on Tuesday that it acquired an $8.6 billion stake in Verizon Communications (VZ) and $4.1 billion worth of shares in Chevron Corp. (CVX), according...
The Bill and Melinda Gates Foundation Trust announced that it has sold all its shares of Chinese e-commerce giant Alibaba.According to a filing with the Securities Exchange Commission (SEC) the securi...
Chinese tech firm JD.com has filed to list its supply chain unit, JD Logistics, on the Hong Kong Stock Exchange. Its initial public offering could raise $5 billion, shooting the company’s valuation ...
Nigeria's most valuable bank, GTBank recorded an impressive profit last year despite the economic meltdown brought on by the coronavirus pandemic. According to the bank's annual report, it saw an...
The biggest cement manufacturer in the country, Dangote cement, just declared a record high revenue of N1.03 trillion in its financial statement for the year 2020. This makes it the second Niger...
The National Bureau of Statistics has reported that the rate of inflation in Nigeria has gone up to 18.17 percent in March, the highest ever since 2017. The report shows that more and more Nigerians a...