Companies

Dongfeng Motor reshuffles top-level management

Chinese carmaker Dongfeng Motor Corp. has reshuffled its senior management, affecting top-level executives at its Chinese subsidiaries and joint ventures…

Unprofitable subsidiaries becoming new tax haven for multinational corporations

Multinational corporations are moving income from their profitable, high-tax subsidiaries into unprofitable ones to save money on taxes, a University…

Fitch assigns final ‘B’ rating to UBA $500m notes

Fitch Ratings has assigned United Bank for Africa Plc’s $500 million 7.75% senior unsecured notes maturing 8 June 2022 a…

Sterling Bank increases social impact investment, signs Olamide brand ambassador

Sterling Bank has intensified its social impact investment with its environmental sustainability campaign where Olamide Adedeji, popularly called Olamide Baddo,…

Amazon lent $1 billion to merchants to boost sales on its marketplace

Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a…

INTBREW in merger talks with Intafact Beverages, Pabod Brewer

International Breweries PLC (INTBREW) has given notice of a proposed merger with Intafact Beverages Limited and Pabod Breweries Limited. The…