MTN Group in fresh legal tussle in US

How much MTN Group finally sells stake in Jumia

Telecoms giant, the MTN Group is facing a new set of allegations in the United States. Reuters reported that some Washington based law firms filed the new amended complaint, on Friday, as they alleged MTN’s “conduct targeted the United States” by executing a strategy reliant on dominating markets in unstable countries not allied with Washington. The telco, which is the largest telecoms company in Africa, allegedly aided militant groups in Afghanistan, including paying protection money, in an amended lawsuit filed on behalf of hundreds of families of US soldiers. The…

Read more

NSE set to engage global securities exchanges on market concerns

investors, NSE, Onyema, Nigerian Stock Exchange, Webinar

The Nigerian Stock Exchange (NSE) is set to host a special webinar on the impact of COVID-19 on the global capital market and the resilience of securities exchanges in supporting economies, on Wednesday, June 10, 2020. The webinar themed, “Capital Markets in a Pandemic”, will feature a panel session to be headlined by Oscar Onyema, the chief executive officer (CEO) of NSE; CEO, Robert Scharfe, Luxembourg Stock Exchange (LuxSE); Nikhil Rathi, CEO, London Stock Exchange (LSE); and Nandini Sukumar, CEO, World Federation of Exchanges (WFE), and moderated by Eleni Giokos,…

Read more

UBA rewards 100 more customers with N100,000 each in fresh Bumper Draw

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

Pan African Financial institution, United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. The 100 customers won N100,000 each in this month’s edition of the draw which began in January 2020. The virtual and transparent draw which was held at the UBA Head Office in Lagos on Wednesday, was transmitted live via the Facebook platform in strict compliance with social distancing rules as directed by the Federal and Lagos State Government. Just like the previous draw held…

Read more

EMEA organisations trouping towards adopting Backup-as-a-Service

BaaS, Backup-as-a-service, cloud, EMEA, organisations

Infrastructure failure, skill gap propelling the process Cloud-based backup-as-a-service (BaaS) is expected to gain traction in the next two years, with almost two in five surveyed Europe, Middle East and Africa (EMEA) organisations planning to utilise a BaaS provider. BaaS is an approach to backing up data that involves purchasing backup and recovery services from an online data backup provider. Instead of performing backup with a centralized, on-premises IT department, BaaS connects systems to a private, public or hybrid cloud managed by the outside provider. This is one of the…

Read more