COMPANIES & FINANCE

AIICO Insurance reports HY pretax profit of 1.14 bln naira

AIICO Insurance Plc: * HY profit before taxation of 1.14 billion naira versus 2.37 billion naira year ago (fixes typo) * HY ended june 2017 net...

Caverton Offshore Support reports HY group pre-tax profit 938 mln naira

* HY ENDED JUNE 2017 GROUP REVENUE OF 10.11 BILLION NAIRA VERSUS 9.14 BILLION NAIRA YEAR AGO * HY GROUP PROFIT BEFORE INCOME TAX EXPENSE...

Reconstitution of Unity Kapital Assurance Plc Board of Directors

The Board of Directors of UnityKapital Assurance Plc would like to inform the Nigerian Stock Exchange, its esteemed shareholders, stakeholders and general public that...

Diamond Bank Plc Appoints New Non-Executive Directors.

We write to formally notify the Exchange that the Board of Directors of Diamond Bank Plc, has appointed Mrs. Juliet Anammah, Mrs. Aisha Muhammed...

Analysts say Bharti Airtel acquiring 9mobile will offset Globacom to challenge MTN

Analysts said acquiring 9mobile could see Airtel Nigeria overtake Globacom, and give it the power to compete with market leader MTN. Vodafone lost the...

Guinness Nigeria starts to receive subscriptions for $126 mln share sale

LAGOS - Guinness Nigeria has started receiving subscriptions for its 39.70 billion naira ($126 mln) share sale to existing shareholders, which will end in...

The Big Read

by: Martin Wolf The gap between rich and poor nations narrows as the sources of dynamism in high-income economies slow, writes Martin Wolf What is happening to the world economy? Here are some answers, in seven charts. They reveal a world undergoing profound changes. The most important transformation of recent decades has been the declining weight of the high-income countries in...
For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail industry. The reshaping of how Americans shop by the internet is accelerating. The US retail industry faces a growing...

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POLITICS

South West Governors set up joint security task force

...Declare Zero Tolerance For Crime In Region ...Establish Western Nigeria Export Development Initiative South West Governors on Monday met in Abeokuta, capital of Ogun State where they...

HEALTH + FITNESS

TECH

NIGERIA

WORLD

Migrants remit $429bn to developing countries in 2016

Migrants from developing countries sent 429 billion dollars to their countries of origin in 2016, Ms Louise Arbour, UN Special Representative for International Migration,...

Germany must act now to stop re-run of refugee crisis, Merkel...

AACHEN, Germany - Germany needs to take action now to prevent a re-run of 2015, when some 890,000 migrants arrived in the country,...

French President Macron’s popularity rating drops

PARIS - French President Emmanuel Macron's popularity rating has slumped by 10 percentage points this month, according to an Ifop poll on Sunday...

THE BACKPAGE

The Imperialist People’s Republic of Africa? by Hannah Ryder

BEIJING – A few months ago, a New York Times magazine cover was emblazoned with the question “Is China the World’s New Colonial Power?”...

Learning from Malaria by Bjørn Lomborg

BERLIN – It is one of the best untold stories in the annals of development: great strides have been made against malaria, a disease...

Capitalizing on Africa’s Youth Dividend by Kim Kerr

TORONTO – When South African university students took to the streets in 2016 as part of the “Fees Must Fall” protest movement, the “decolonization...

GLOBAL ENTREPRENUERS

In 2007 China's commercial property outflow was less than $1 billion. Now it exceeds $20 billion annually. Individuals and corporations in China still have an estimated $200 billion to invest abroad. Prominent commercial markets include Hong Kong, Australia, the U.K. and North America, particularly Los Angeles, Miami, New York City, San Francisco, Seattle, Toronto and Vancouver. In 2015,...