When dividends can be harmful to a company’s health
Businessam Staff
August 13, 2017
Pearson’s self-declared ambition to be seen as “the world’s learning company” came a little more into focus last month as the former FT owner offloaded a 22% stake in Penguin Random House (PRH). The sale – to PRH’s co-owner, German media giant Bertelsmann – alongside a recapitalisation of the business, raised some $1bn (£767m) and […]
Skye Bank launches new digital solution to improve its financial offerings
Businessam StaffAugust 11, 2017
Nigeria’s Skye Bank Plc. Thursday launched SkyeXperience, a unique banking solution, as part of efforts to expand its digital financial offerings to its growing clientele. The bank said the launch was a display of its commitment to its valued customers who have continued to, not only do business with the bank, but also challenge it […]
Custodian and Allied Insurance wins LCCI insurance company award
Businessam StaffAugust 10, 2017
Custodian and Allied Insurance Ltd has won the Lagos Chamber of Commerce & Industry (LCCI) ‘Insurance Company of the Year award. The award was given to the company at the LCCI annual award held recently in Lagos. As reported by NAN, the company, in a statement, said the award was received by Larry Ademeso, the […]
Union bank excites customer with brand new car in its centenary promo
Oluwafemi OgunjobiAugust 10, 2017
Nigeria’s Union Bank recently excited its customers with fantastic prizes in its centenary enrichment promo, with Emmanuel Alu from Minna, Niger State becoming the first customer to win one of the three cars up for grabs. The anniversary celebrations themed Celebrate, Impact, Lead have other various prizes up for grabs, including household equipment. The bank, […]
Barclays names ex-Citi banker Barry Rodrigues as head of Barclaycard
Businessam StaffAugust 10, 2017
Barclays has named former Citigroup banker Barry Rodrigues as the head of its Barclaycard International credit card division, the British bank said Thursday. Rodrigues, formerly the head of Citi’s digital payments business, will be based in New York in his new role and will start in early November, the bank said. He replaces Amer Sajed, […]
Mitsubishi to export new model from Indonesia next year, supply Nissan
Businessam StaffAugust 10, 2017
Mitsubishi Motors Corp will start exporting its new multi purpose vehicle from its Indonesian plant next year, and plans to eventually supply the model to the group’s new parent Nissan Motor, Mitsubishi’s chief executive said. Mitsubishi on Thursday launched the “Xpander”, a new 1.5 liter MPV model, at a car show in Tangerang, on the […]
Qatar Air targets other U.S. investments after American spat
Businessam StaffAugust 9, 2017
Qatar Airways hasn’t given up on investing in the U.S. after scrapping plans to buy a stake in American Airlines Group Inc. amid opposition from the Fort Worth, Texas-based company. “We have other opportunities, both in America and North America, which we will consider,” Akbar Al Baker, the Persian Gulf carrier’s chief executive officer, said […]
Chevron thrives on excellence as company wins multiple awards at SPE’s conference, exhibition
Businessam StaffAugust 9, 2017
Chevron Nigeria Limited Wednesday lauded its team for winning multiple awards at this year’s Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) in Lagos. Esimaje Brikinn, Chevron General Manager (Policy, Government, and Public Affairs), commended the team for emerging the best exhibitor and the best technical paper presented at […]
Mobil Oil new owners take “11 plc” as new name for operation
Oluwafemi OgunjobiAugust 8, 2017
The new owners of Nigeria-based petroleum marketer, Mobil Oil Nigeria, have taken on a new name for the on-going and future operations of the business, it emerged Tuesday. The company is now to be known as 11 plc (pronounced as “Double One Plc”). The name change is coming within a year of the successful completion […]
Lafarge Africa announces merger with UniCem, Atlas
Oluwafemi OgunjobiAugust 7, 2017
The board of leading sub-Saharan Africa building materials company, Lafarge Africa Plc, has approved and authorised the merger of the company with both United Cement Company of Nigeria (Unicem) and Atlas Cement Company Limited. In a statement signed Friday by the company’s secretary, Edith Onwuchekwa, the board was waiting for the approval of the necessary […]