Why CBN reacquired Skye Bank, by Godwin Emefiele – The Eagle Online

Being a statement to the press on Friday by the Governor of the Central Bank of Nigeria, Godwin I. Emefiele Gentlemen of the Press“You will recall that on 4th July 2016, we took a regulatory action on Skye bank Nigeria PLC. Specifically, this action led to the resignation of the Chairman, all Non-Executive Directors on the Board as well as the Managing Director, Deputy Managing Director, and the two longest-serving Executive Directors on the Management Team“At that time the proactive…

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Paulson launches alliance to seek better returns in gold sector

TORONTO – Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The coalition, launched by Paulson’s US hedge fund Paulson & Co, will issue analyst reports and engage with management to improve capital allocation, compensation and corporate governance in gold companies, the…

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Paulson launches alliance to seek better returns in gold sector

TORONTO – Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The coalition, launched by Paulson’s US hedge fund Paulson & Co, will issue analyst reports and engage with management to improve capital allocation, compensation and corporate governance in gold companies, the…

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Akufo-Addo Called To Intervene In Auditor-General’s Impasse | General News

The Public Financial Management (PFM) Network Ghana has called on President Akufo-Addo to intervene in the impasse between Mr Daniel Domelevo, the Auditor-General and the Board Chairman of the Ghana Audit Service Dr Yaw Agyeman Duah. “The PFM is deeply concerned about recent developments at the Audit Service and its implication for good corporate governance vis-à-vis the mandate of protecting the public purse, for the Auditor-General and the Chairman of the Board to be trading such allegations and counter-allegations in…

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Financial advice firm was lying to the corporate watchdog, company document implies – Business

Updated September 21, 2018 11:55:59 Photo: Linchpin Capital Group is at the centre of an investigation into misappropriation of funds. (Supplied) An internal document detailing the culture inside a billion-dollar financial advice business suggests the firm was lying to regulators, ignoring its investors, and associating with “many undesirables”. The two-page note is from Linchpin Capital Group, a company at the centre of an investigation by the Australian Securities and Investments Commission (ASIC) into misappropriation of funds and misleading investors. Last…

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VOX Gibraltar News – New Chairman of University’s Board of Governors

The Minister with responsibility for the University, Gilbert Licudi, has announced the appointment of Albert Langston as the new chairman of the Board of Governors of the University. Albert Langston brings extensive experience and understanding of corporate governance built over a period of over 40 years. He is a Fellow of the Chartered Institute of Bankers and is Chairman of the Board of Directors of the Gibraltar International Bank Limited. Mr Langston is a former Chairman and Country Manager of…

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Greenland Minerals Ltd has price valuation range of 18-43 cents set by Pitt Street Research

() is sitting on one of the world’s largest undeveloped rare earth oxide resources prompting Pitt Street Research to place a valuation range of 18 cents to 43 cents per share. With this resource supported by uranium and zinc, the Sydney-based issuer-sponsored equity research provider’s valuation range represents a strong premium to the current share price of 8 cents. Greenland Minerals is a Perth-based resources company focused on the 100%-owned Kvanefjeld Rare Earths Project in Greenland. …

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Sloan Kettering’s Cozy Deal With Start-Up Ignites a New Uproar

This article was reported and written in a collaboration with ProPublica, the nonprofit investigative journalism organization. An artificial intelligence start-up founded by three insiders at Memorial Sloan Kettering Cancer Center debuted with great fanfare in February, with $25 million in venture capital and the promise that it might one day transform how cancer is diagnosed. The company, Paige.AI, is one in a burgeoning field of start-ups that are applying artificial intelligence to health care, yet it has an advantage over…

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Sloan Kettering’s Cozy Deal With Start-Up Ignites a New Uproar

This article was reported and written in a collaboration with ProPublica, the nonprofit investigative journalism organization. An artificial intelligence start-up founded by three insiders at Memorial Sloan Kettering Cancer Center debuted with great fanfare in February, with $25 million in venture capital and the promise that it might one day transform how cancer is diagnosed. The company, Paige.AI, is one in a burgeoning field of start-ups that are applying artificial intelligence to health care, yet it has an advantage over…

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Chamber of mines responds to allegations made at MMIWG hearings

LETTERS: Around the Arctic September 20, 2018 – 1:15 pm “The fact remains: women are an order of magnitude safer at our mines than at home” NUNATSIAQ NEWS <!– ID: 61023 –> Blandina Kashla, a haul truck driver from Baker Lake, works at Agnico Eagle’s Meadowbank gold mine on June 23, 2014. At that time, most of Meadowbank’s haul truck operators were Inuit, numbering about 75 people. Nearly one-third of them or, or 22, that year were women. (FILE PHOTO) I…

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We Have Built One of the Strongest Fintech Businesses in China | Crowdfund Insider

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25% higher than the offer price. X Financial, a peer to peer lender and Fintech platform, is part of a growing group of Chinese firms deciding to list their shares on US exchanges. In fact, this…

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Ryanair faces growing backlash at annual shareholder meeting | Business

Royal London Asset Management is the latest Ryanair investor to announce it is planning to vote against the re-election of the airline’s chairman at its annual shareholder meeting on Thursday, over concerns about how the company is run. RLAM, which manages £117bn of assets, said it will also vote against the senior independent director and the chairman of the audit committee, listing a string of complaints including the ability of board members to stand up to management, led by outspoken…

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Power: Nigerian Govt urged to allow complete private sector participation

Electricity Distribution Company Some stakeholders on Thursday urged the Federal Government to allow private investors’ full operation of the power sector in order to boost effectiveness and enhance economic growth. The stakeholders made the suggestion in separate interviews with the News Agency of Nigeria (NAN) in Lagos against the backdrop of the enormous challenges confronting the country’s power sector. Mr Adekunle Sofunde, Chairman, Solatek Engineering Ltd, urged government to hands-off the operations of the power sector to private investors for…

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Radebe vs Gordhan fight to head to Concourt | News | National

The fight between former Public Enterprises Minister Pravin Gordhan and Transnet board member Seth Radebe will be heading to the Constitutional Court if Radebe’s lawyers get their way. This comes after the Pretoria high court dismissed Radebe’s application, which had sought to set aside Gordhan’s decision to remove him from the Transnet board. Radebe accused Gordhan of racism because he was fired but a “white woman” was retained, though they were hired at the same time and sat on the…

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No easy swim for Kirsty in new role as sports minister – Nehanda Radio

By Eddie Chikamhi Legendary swimmer Kirsty Coventry should not expect a smooth ride in her new portfolio in the Ministry of Sport, Youth, Arts and Recreation. Sport in Zimbabwe face complex challenges, including funding and corporate governance. HITTING THE GROUND RUNNING . . . Youth, Sport, Arts and Recreation Minister Kirsty Coventry is seen here welcoming Zimbabwe Cricket chairman Tavengwa Mukuhlani to her offices. But, with new brooms in the office following the recent swearing in of Coventry, a major…

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No easy swim for Kirsty in new role as sports minister – Nehanda Radio

By Eddie Chikamhi Legendary swimmer Kirsty Coventry should not expect a smooth ride in her new portfolio in the Ministry of Sport, Youth, Arts and Recreation. Sport in Zimbabwe face complex challenges, including funding and corporate governance. HITTING THE GROUND RUNNING . . . Youth, Sport, Arts and Recreation Minister Kirsty Coventry is seen here welcoming Zimbabwe Cricket chairman Tavengwa Mukuhlani to her offices. But, with new brooms in the office following the recent swearing in of Coventry, a major…

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