Business

How Olejeme-led Board Resuscitated NSITF

SAN FRANCISCO, May 06, (THEWILL) – It took uncommon zeal, doggedness and foresight on the part of the Board of Directors of the Nigerian Social Insurance Trust Fund (NSITF) led by Dr. Mrs. Ngozi Olejeme to turn around the...

MasterCard Doubles Card Numbers In Middle East, Africa

MasterCard Inc (MA.N) has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its...

Wall St. Set To Open Up As Investors Shrug Off Weak Jobs Data

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Wall Street was set to open higher on Wednesday as investors focused on healthy corporate earnings reports and a revival in dealmaking, shrugging off a rout in the global bond market and weaker-than-expected U.S. private jobs data. ADP payroll data...

U.S. Private Payrolls Growth Moderates; Productivity Falls

U.S. private employers in April added the fewest number of workers in more than a year, which could heighten worries about the economy's potential to rebound strongly from a first-quarter slump. Private payrolls increased 169,000 last month, the ADP National...

Africa’s Richest Economy Surviving On Borrowed Cash

Africa’s richest economy is borrowing money to pay salaries as it struggles through a “difficult cash crunch” brought on by halved oil prices, Nigeria’s finance minister revealed Tuesday. The news comes as Nigeria prepares to welcome a new government at...

Oil Hits 2015 Highs As Libya Output Slows, Saudis Raise Prices

Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices. Since April's price rally of between...

Cisco Looks To Salesman Robbins For Tech Leadership

Chuck Robbins, the veteran salesman chosen by Cisco Systems Inc to succeed legendary CEO John Chambers, must prove he has the technical knowledge to chart a new course and lead the network equipment maker into the new world of...

VW Aims To Find New Chairman Quickly And Return Focus To Business

Volkswagen (VOWG_p.DE) said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker's shock ouster of former patriarch Ferdinand Piech. Chief Executive...

John Chambers Steps Down As Cisco’s CEO

Cisco Systems Inc (CSCO.O) said Chief Executive John Chambers would step down in July after 20 years at the helm, to be replaced by company veteran Chuck Robbins. Chambers, one of the longest-serving CEOs of a Silicon Valley company, will...

Wall Street Opens Higher Ahead Of U.S. Factory Data

Wall Street opened higher on Monday ahead of data that is expected to show demand for U.S. factory orders rose in March, signaling that the manufacturing sector is strengthening despite a stronger dollar. New orders for U.S.-made goods are expected...