GE appoints new CEO for Europe

Businessam StaffJanuary 17, 2018

General Electric (GE), the American industrial conglomerate, has appointed Peter Stracar chief executive and president of its European region, the company said in a statement. Stracar, who has been chief executive of GE Central and Eastern Europe since 2013, succeeds Mark Hutchinson, who the company said retired from GE as of January 1, 2018 The […]

Tanzania claims ownership of Bharti Airtel’s local unit

December 21, 2017

Tanzania said Bharti Airtel Ltd.’s local unit belongs to state-owned Tanzania Telecommunications Co., a claim that sets up an ownership dispute between the government and the Indian phone operator, according to report by Bloomberg. “Airtel, according to the information we have,” is an asset of Tanzania Telecommunications Co., President John Magufuli said on the East […]

FBNHoldings renames its merchant banking and asset management businesses

Businessam StaffDecember 19, 2017

In line with the objectives to deliver a consistent customer experience and drive increased stakeholder value, FBN Holdings Plc has announced the renaming of all entities under its Merchant Banking and Asset Management group. These are FBNQuest Merchant Bank, FBNQuest Asset Management, FBNQuest Securities; FBNQuest Capital, FBNQuest Trustees and FBNQuest Funds. The merchant banking and […]

Nigerian Breweries announces Borrut Bet new managing director/CEO

Businessam StaffDecember 11, 2017

The board of directors of Nigerian Breweries Plc. has announced new management changes. Rising from its meeting late last week, the board named Jordi Borrut Bel as the substantive managing director/CEO of the Company effective January 22, 2018. He replaces Johan Antonie Doyer, who has managing director/CEO on an interim basis since June. Doyer is […]

Ecobank Nigeria appoints Olagbami executive director

Businessam StaffDecember 4, 2017

Ecobank Nigeria recently announced the appointment of Adebiyi Olagbami as an executive director and chief risk officer of the bank with effect from November 15, 2017. Charles Kie, managing director, Ecobank Nigeria in a statement said his appointment is in furtherance of the bank’s repositioning strategy and the enhancement of the risk function in the […]

FirstBank’s FirstGem celebrates one-year anniversary

Businessam StaffDecember 4, 2017

FirstGem, an account product by First Bank of Nigeria Limited (FirstBank) designed specifically to meet the needs of the woman is one year old and the anniversary celebrations, which has “Positioning for Business and Financial Success” as theme is billed for Tuesday, December 5, 2017 in Lagos. A statement from the bank said as part […]

Board changes imminent at Nigerian Breweries

Businessam StaffNovember 27, 2017

Nigerian Breweries

Changes in the composition of the board of directors of Nigerian Breweries are imminent according to a notice of board meeting of the company transmitted to the Nigerian Stock Exchange Monday. The board meeting scheduled for December 8, 2017 is expected to deliberate on a proposal for changes in the board of directors. “One of […]

Uber loses UK appeal bid to overturn workers’ rights decision

Businessam StaffNovember 10, 2017

Uber Technologies Inc. lost an appeal over whether it should pay overtime and give vacation time to its drivers, a ruling that heaps yet more pressure on the ride-sharing company in one of its most mature markets. The original decision that gave U.K. drivers the right to more benefits was “neither inconsistent nor perverse,” Judge […]

Bank of England sees up to 75,000 finance job losses after Brexit

Businessam StaffOctober 31, 2017

The Bank of England expects Britain to lose up to 75,000 financial services jobs after the country leaves the European Union in 2019, the BBC reported on Tuesday. “I understand that senior figures at the Bank are using the number as a ‘reasonable scenario’, particularly if there is no specific UK-EU financial services deal,” the […]