International Archives — Page 58 of 58

August 2, 2016 No Responses

Nigeria seeks $3.5Billion loan from World Bank, AfDB

The Federal Government has commenced negotiation for concessionary loans of $3.5 Billion from the World Bank and African Development Bank (AfDB). According to the Minister of Finance, Mrs Kemi Adeosun, the fund will support Government effort to finance the 2016...

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 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

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 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...

July 27, 2016 No Responses

NAHCO shareholders get N324.8m dividend

By Moses Ebosele – Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc on Tuesday, in Abuja, approved quest by the board of the company to pay dividend of 20 kobo per share, amounting to N324.8million for the year ended Decenber...

July 25, 2016 No Responses

Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers

By Moses Ebosele – The Minister of Information and Culture, Alhaji Lai Mohammed has reiterated resolve to partner the British Council and Tony Elumelu Foundation as part of measures to enhance capacity building initiative of culture and tourism m...

July 25, 2016 No Responses

FIFA President arrives in Nigeria

The President of Federation of International Football Association (FIFA) Gianni Infantino, yesterday arrived Abuja, Nigeria on an official visit. The President of world football –governing body, Gianni Infantino, and the Secretary General, Fatma Samoura...

July 24, 2016 No Responses

Munich shooting: ‘Attacker researched rampage killings’

(CNN)—The teen gunman who killed nine people in a shooting rampage in Munich on Friday was a mentally troubled individual who had extensively researched spree killings and had no apparent links to ISIS, police said. Speaking at a press conference...

July 23, 2016 No Responses

Hillary Clinton picks Tim Kaine as her running mate

Hilary Clinton named Virginia Senator Tim Kaine as her vice presidential running mate Friday, adding a centrist former governor of a crucial battleground state to the Democratic ticket. In a text message to supporters, the presumptive Democratic nominee said...

July 21, 2016 No Responses

Turkey declares three months state of emergency

Turkey will impose a three-month state of emergency as the government pursues those responsible for a failed military coup, President Recep Tayyip Erdogan has said. Agency report quoted Erdogan as saying the country won’t be under military rule, with arm...