Terry Smith, man who beat the market in 2017
Businessam StaffDecember 30, 2017
Terry Smith has emerged as Britain’s top investment performer once again after another year of stellar returns – while Neil Woodford languishes at the bottom of the tables after his worst year on the stock market for two decades. When Smith launched Fundsmith Equity in November 2010 he boldly promised it would be “the best […]
The best travel discoveries of 2017
Businessam StaffDecember 23, 2017
Belmonte Calabro, Calabria, Italy In the summer, we drove from Naples through Campania and Calabria, then took the ferry to Sicily. Along the way, we broke the journey at fantastic agriturismi and guesthouses but the most intriguing place was EcoBelmonte, Calabria’s only albergo diffuso. This ancient, car-free village was once home to 3,000 people, now there are just […]
Onyema, others inducted associate members of stockbrokers’ institute
Jerome UshakangDecember 19, 2017
Oscar Onyema, the chief executive officer of The Nigerian Stock Exchange (NSE), alongside other Nigerians, was on Tuesday inducted an associate member of the Chartered Institute of Stockbrokers (CIS) of Nigeria at a ceremony held at the Stock Exchange House, Lagos. Onyema thus becomes the first CEO of the NSE to be inducted as an […]
Panthers owner Richardson to sell NFL team amid harassment probe
Businessam StaffDecember 18, 2017
Carolina Panthers owner Jerry Richardson put his National Football League franchise up for sale, hours after the league said it had taken over an investigation into allegations of workplace misconduct, according to Bloomberg’s report. “I believe it is time to turn the franchise over to new ownership,” Richardson, 81, said in a letter posted on […]
How one of Australia’s richest men lost $1m to Email scam
Businessam StaffDecember 15, 2017
The multi-millionaire founder of Twynam Agricultural Group Pty Ltd. lost $1 million in an email fraud, a London court heard Thursday. The British man who facilitated the theft says he’s a victim too. John Kahlbetzer, who is on the Forbes list of the 50 richest Australians, lost the money when fraudsters tricked the administrator of […]
Africa’s richest woman set for new deals amid dismissal from state owned oil company
Businessam StaffDecember 11, 2017
Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals, according to Bloomberg’s report. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part of plans to strengthen their operations at […]
Outgoing UACN boss, Larry Ettah foresees bright future for company
Businessam StaffDecember 5, 2017
Larry Ettah, outgoing group managing director of UACN Plc. has expressed confidence that the conglomerate is well positioned for further growth and delivery of superior returns for shareholders as he bows out after 11 years in the top job. In his valedictory Christmas message, Ettah, who thanked the staff for their support during his tenure, […]
Tony Elumelu honoured with the 2017 Dwight D. Eisenhower Global Entrepreneurship Award
Businessam StaffDecember 5, 2017
The Business Council for International Understanding (BCIU), a non-profit U.S business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, has honoured both Tony O. Elumelu, chairman of United Bank for Africa Group and J.W. “Bill” Marriott, Jr., Executive Chairman, Marriott International, Inc. with the prestigious Dwight D. […]
Access Bank Herbert Wigwe named 2017 African Business Leader
Businessam StaffDecember 1, 2017
The All Africa Business Leader Awards (AABLA) in partnership with CNBC has named Herbert Wigwe, the group managing director/CEO, of Access Bank Plc as the 2017 African Business Leader of the Year. The announcement was made at the AABLA award finale dinner held Wednesday night at the Sandton Convention Centre in Johannesburg, South Africa, which […]
Why Beyoncé, Jay-Z’s $52 million mortgage might be a smart business decision as they buy $88m house
Businessam StaffDecember 1, 2017
Music star couple Beyoncé and Jay-Z purchased a Bel Air estate for $88 million as they put 40% down and financed the rest with a $52.8 million mortgage from Goldman Sachs. With historically low mortgage rates, taking out a loan allows them to put their cash to better use. Beyoncé and Jay-Z, the billion-dollar […]