May 20, 2022

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FINANCE MORNING FOR 19TH DECEMBER 2016

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FINANCE MORNING FOR 19TH DECEMBER 2016



Lloyds’ threat: No airline’ll fly without insurance cover— NCAA

The Nigerian Civil Aviation Authority, NCAA, yesterday assured air travellers that no airline, whether domestic or international, will be allowed to operate in Nigeria without adequate insurance cover, and possessing other relevant safety certificates. Source: Vanguard. Read More.

MMM: Nigerians are not greedy, merely desperate 

 THE   Mavrodi, Melnikova,  Mavrodi  (MMM)  international scam   known in Nigeria as the  Mavrodi Mondial Moneybox,  has from all intents and purposes, collapsed in Nigeria. Source: Vanguard. Read More.

Qatar National Bank raises stake in Ecobank

Qatar National Bank (QNB) has increased its stake in Ecobank Transna-tional Incorporated (ETI) by more than 60 per cent in the past two years.
The investment has earned Qatar National Bank the largest single shareholder in the pan-African lender.
QNB is listed on the Qatar Exchange, with the Qatar Investment Authority (QIA) as its major shareholder. Source: TheNation. Read More.

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Japan eyes record spending, less new debt in financial year 2017/18 budget: draft

Japan’s government plans an initial budget of a record 97.45 trillion yen ($830 billion) for fiscal 2017, while keeping new debt issuance just below this year’s level, a draft of the budget seen by Reuters showed. Source: Reuters. Read More.

Dollar pulls away from 14-year peak as investors take profits

The dollar edged lower in Asian trading on Monday as some investors took profits after its rise last week to a 14-year peak against a currency basket, though it remained underpinned by expectations of more U.S. interest hikes in the coming year. Source: Reuters. Read More.

Technology dispersion is accelerating

Copycats are a dying breed. Each month the gap shrinks between a new digital service emerging in the U.S. and it being copied in other markets. This trend has big implications for global businesses, forcing them to rethink investment and innovation strategies. Source: Techcrunch. Read More.

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India’s NoBroker raises $7M more to connect home owners with buyers and renters directly

NoBroker, the India-based property startup that wants to make property agents obsolete, has landed $7 million in fresh funding to expand its service.

The company connects property owners with prospective buyers or rental tenants directly with no need for a broker, as the name suggests. NoBroker closed a $10 million Series B funding round in January, and this new raise is an extension of that. It is led by Korea’s KTB Ventures with participation from existing backers SAIF Partners, Beenext and Digital Garage. Source: Techcrunch. Read More.

Boeing: 150,000 American aviation jobs depend on China

The answer is 150,000, according to Boeing vice chairman Ray Conner, who touted the figure at an event held by the National Committee on U.S.-China Relations.
The group, which promotes cooperation between China and the United States, tweeted Conner’s comments on Thursday evening. Conner also said that he expects the number of jobs to continue growing. Source: CNN. Read More.

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Apple and Ireland to challenge EU tax ruling this week

Apple plans to appeal this week against the European Commission’s ruling that it pays up to €13bn (£11bn) to Ireland in back taxes.
EU regulators ruled Apple’s controversial tax deal was illegal, and is demanding the record penalty.
The tech giant says it has been singled out and was “a convenient target”. Source. BBC. Read More.

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