Business Archives — Page 470 of 478

July 30, 2016 No Responses

Hyundai explains 7.0 % drop in profit

By Moses Ebosele – Citing decrease in export, weak currencies and economic recession in emerging markets, Hyundai Motor Company has announced 7.0 per cent drop in its operating profit for the first half of 2016. However, within the...

July 30, 2016 No Responses

Audi declares 950,000 sales, €30.1 billion in six months

By Moses Ebosele – For the first six months of 2016, Audi Group delivered more than 950,000 automobiles of the Audi brand worldwide and “increased its revenue to €30.1 billion”. In its first half of the year financial statement released...

July 30, 2016 No Responses

Rolls-Royce projects £100m annualised savings

By Moses Ebosele – Despite one per cent revenue drop in the first half of 2016, Rolls-Royce is to attain £100m annualised savings before the end of 2016 financial year The company explained on Wednesday that as set out...

July 30, 2016 No Responses

Buhari approves new appointments in health sector

President Muhammadu Buhari has approved the appointment of five Chief Executives for institutions in Nigeria’s health sector. A statement issued by the Director (press) in the office of the Secretary to the Government of the Federation, Bolaji Adebiyi, discl...

July 29, 2016 No Responses

Diamond Bank posts 25.5 % drop in profit

By Moses Ebosele – For the first six months of 2016, Diamond Bank Plc recorded Profit After Tax (PAT) of N9.05 Billion, a decline of 25.5 per cent when compared to N12.3 Billion attained within same period in 2015....

July 29, 2016 No Responses

How to boost tourism development in Nigeria, by UN

By Moses Ebosele – To successfully enhance tourism development, the United Nation World Tourism Organization (UNWTO) has advised Nigeria to put into consideration the critical role of technical assistance, capacity building, Tourism Master Plan and i...

July 29, 2016 No Responses

Dangote Cement records 15 per cent drop in profit

By Moses Ebosele – Come August 3, 2016, the management of Dangote Cement Plc will brief the Nigeria Stock Exchange (NSE) and other stakeholders on the financial state of the company especially the 15 per cent drop in its profit...

July 29, 2016 No Responses

FBN Holdings announces new board appointments

By Moses Ebosele – FBN Holdings Plc has announced new Board appointments in the FBN Holdings Group, effective July 19 2016. According to the financial institution, the appointments have been approved by the Board of Directors, “but remain...

July 29, 2016 No Responses

NSE launches recruitment portal

By Moses Ebosele – The Nigerian Stock Exchange (NSE) has launched an online portal to attract top talent and optimize its recruitment process. NSE explained that the recruitment portal which is expected to enhance the Exchange’s recruitment capabil...

July 29, 2016 No Responses

Turkey wants 17 “Turkish” schools closed in Nigeria

(NAN)-The Turkish Ambassador to Nigeria, Hakan Cakil, has called on the Nigerian Government to close 17 Turkish schools in Nigeria for their alleged links with a movement his government says was involved in the July 15 failed coup attempt in...

July 29, 2016 No Responses

Court stops PDP convention

The crisis rocking the Peoples Democratic Party (PDP) has assumed another dimension as a Federal high court sitting in Abuja on Thursday granted the application filed by the Ali Modu Sheriff faction of the party to stop the convention scheduled...

July 28, 2016 No Responses

Workers task FG on N5.3 trillion pension funds

By Moses Ebosele – Rising from its National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion work...

July 28, 2016 No Responses

UK Envoy canvasses support for Nigerian capital market

By Moses Ebosele Despite various economic challenges in Africa, the Nigerian capital market has great opportunities, United Kingdom Trade & Investment (UKTI) Envoy, John Howell has said. According to Howell, Nigeria’s capital market is viabrant, not...

July 28, 2016 No Responses

Diana containerships cuts quarterly dividend

Based on the current container vessel charter market, Athens-based shipping company Diana Containerships Incoparated has made a decision to suspend the quarterly cash dividend on its common shares effective with the quarter ended June 30, 2016. Diana Contai...