Tag: Shares
-
Musk sells Tesla shares as net worth drops below $200 billion
Following the purchase of Twitter for $44 billion, Elon Musk, CEO of Tesla Inc, has reportedly sold Tesla shares worth $4 billion. The Verge, reports that Musk has offloaded almost $20 billion from Tesla to mainly finance the Twitter deal which was worth $44 billion. In April and August, Elon Musk has sold a combined…
-
Titan Bank completes acquisition of Union Bank
Titan Trust Bank Limited (TTB), a subsidiary of TGI Group completed the acquisition of majority equity stake of 89.39 per cent in Union Bank of Nigeria (UBN) Plc. Trading report at the Nigerian Exchange (NGX) yesterday indicated that a total of 27.34 billion ordinary shares of UBN were swapped in block
-
-
-
Jeff Bezos sells $2 billion worth of his Amazon shares
Amazon boss Jeff Bezos has sold nearly 2 billion dollars worth of his shares in the online retailer this week, filings from the US Securities and Exchange Commission showed on Wednesday. Bezos has sold Amazon shares several times recently. In February and November 2020, he parted with shares worth a total of more than 7…
-
Lyon shares fall after defeat by Bayern
Olympique Lyonnais’ shares fell on Thursday after the French soccer club’s defeat by Bayern Munich in the Champions League semi-final. Lyon’s shares, which had risen at the start of the week after Lyon beat Manchester City in the quarter final, were down by 4.7 per cent by 0728 GMT. Bayern Munich powered into the Champions…
-
Court stops proposed sale of Jos Disco’s shares
A Federal High Court in Abuja has restrained the Bureau of Public Enterprises (BPE), the Nigerian Electricity Regulatory Commission (NERC), Scams Energy Limted and four others from taking any further steps in relation to the alleged plan to sell some shares of the Jos Electricity Distribution Company (JEDC). Also affected by the court’s order are…
-
9mobile rebounds, increases market share
Nigeria’s innovative telecoms company, 9mobile is well and truly on the rebound as latest figures by the Nigerian Communications Commission (NCC) show that the operator is regaining its market share. April figures released in June showed that the number of voice subscribers on the network has risen to 12,568,088 from 12,123,185, indicating that the telco…
-
Fidelity Bank Orders Directors, Others to Stop Sale of Shares
Directors, managers and other high-ranking members of staff of Fidelity Bank Plc as well as their related persons have been asked to stop the trading of the company’s equities on the floor of the Nigerian Stock Exchange (NSE) for now. These set of people have been prohibited by the financial institution to stop buying and…
-
Orji Kalu denies selling issued shares capital of his banking group
Dr Orji Kalu, former governor of Abia and Chief Whip of the Ninth Senate, has denied selling the issued shares capital of his banking group, First International Bank (FIB). Mr Obinna Kalu, Legal Adviser, FIB Group Limited in a statement issued on Monday and made available to the News Agency of Nigeria (NAN) , said…