Business

FBN Holdings Plc Announces Major Leadership Appointments

… Leadership Changes Effective January 1, 2016 SAN FRANCISCO, September 07, (THEWILL) – FBN Holdings Plc, the leading and most diversified financial services group in Nigeria, Monday announced major changes to its leadership team, effective January 1 2016. Mr. Bello...

Glencore Leads European Share Rebound, But China Hits Asia

European stocks rose on Monday, lifted by mining and commodities giant Glencore after it pledged to slash its debt by a third, and countering a fall in Asian markets led by weakness in China following a four-day break there. Trading...

Exclusive: Apple Ups Hiring, But Faces Obstacles To Making Phones Smarter

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Apple has ramped up its hiring of artificial intelligence experts, recruiting from PhD programs, posting dozens of job listings and greatly increasing the size of its AI staff, a review of hiring sites suggests and numerous sources confirm. The goal...

Toshiba Posts Net Loss, Plans Restructuring To Put Scandal Behind It

Japan's Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. The submission of its books, twice postponed due to its accounting...

Germany To Beat Export Record Despite China Worries: Trade Body

Germany will set another export record this year despite recent worries of an economic slowdown in China, the head of the German trade association said in an interview published on Sunday. Economists have expressed concern that China's woes might become...

NNPC Begins Recovery Of $9.6bn Owed Nigeria By Oil Companies

BEVERLY HILLS, September 06, (THEWILL) – Nigerian National Petroleum Corporation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from Joint Ventures Partners on major capital projects. A report submitted to President Muhammadu Buhari by...

30-40 Migrants Drown After Dinghy Deflates Off Libya: IOM

About 30-40 people drowned in the Mediterranean after a dinghy carrying 120-140 Somalis, Sudanese and Nigerians deflated, causing panic on board, the International Organization for Migration said in an emailed statement on Friday. The migrants had sailed from Misrata in...

U.S. Treasury Official: G20 Sees Need To ‘Double Down’ Against Devaluation

There is a shared belief among the members of the Group of 20 leading economies in the need to "double down" against competitive currency devaluation and avoid it in both policy and language, a senior U.S. Treasury official said...

Nigeria To Host World Pension Summit In Abuja

Mrs Chinelo Anohu-Amazu, the Director-General, National Pencom Commission (PenCom), said on Friday that Nigeria was ready to host the second edition of the World Pension Summit-Africa Special in Abuja. Anohu-Amazu said this in Lagos during an interactive session with newsmen...

UBA Profit Rises 40% As Half Year Earnings Hits N167bn

...Declares 20 Kobo Interim Dividend SAN FRANCISCO, September 04, (THEWILL) – Pan-African financial services group, United Bank for Africa Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank...