World’s richest become $1trn richer in 2017
Businessam StaffDecember 27, 2017
The richest people on the planet added $1 trillion to their collective wealth in 2017, more than four times the previous year’s gains, thanks to a surge in stock prices, according to Bloomberg’s Billionaire Index. The Index showed that the 500 richest individuals increased their wealth by 23 percent over the course of the past year, […]
Reasons petrol so expensive, global oil deals, Reserve Bank’s dilemma
Businessam StaffDecember 27, 2017
As the year draws to an end, it doesn’t look like motorists will get much relief, with petrol prices around their highest levels since January. The most recent figures from the Australian Institute of Petroleum reveal unleaded petrol was retailing for 143.2 cents per litre in mid-December (on a national average weekly basis), about 12 […]
Oil edges towards $65 as Forties pipeline moves closer to restart
Businessam StaffDecember 26, 2017
Oil slipped lower towards $65 a barrel on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a key North Sea oil pipeline offset support from OPEC-led supply cuts, according to Reuters’ market report. The North Sea Forties pipeline, which plays an important role in the global oil […]
No way to stop adoption, acceptance of bitcoin, says expert
Businessam StaffDecember 25, 2017
Bitcoin’s recent price swings have intensified the debate about the phenomena of virtual currencies, with skeptics warning off investors, while enthusiasts see a future in the asset. On Friday, the price of bitcoin plunged from the dizzying heights of around $20,000 earlier this week to below $12,000. Within 24 hours, the value of the world’s […]
Top 10 business trends that will drive success in 2018
Culled from Forbes.comDecember 24, 2017
This year my annual list of business trends celebrates its fifth year. As with previous years, my picks for 2018 represent bold and innovative moves that leading companies around the world are making to drive success. Some of this years’ trends are in the fledgling phase, while others have already taken root. These trends come from […]
Nigeria leaving recession zone, but economy remains vulnerable, says IMF
Businessam StaffDecember 22, 2017
The International Monetary Fund (IMF) said Friday that Nigeria is exiting recession, but its economy remains vulnerable. IMF said this after conducting a review of Africa’s largest economy, according to Reuters’ report. The regional power climbed out of its first recession in a quarter of a century in the second quarter, but economic growth remains […]
Nigeria’s Dangote gets approval for $41m cement investment in Liberia
Businessam StaffDecember 22, 2017
Nigeria’s manufacturing giant, Dangote Cement, has received legislative approval from the Liberian Senate for the production of cement in the west African country. The approval followed the passing of the Investment Incentive Agreement between the country and Dangote Cement Liberia Limited with a value of $41 million. The agreement which followed the Senate approval requires […]
Bitcoin extends losses, slips below $15,000, 25% from all-time high
Businessam StaffDecember 22, 2017
The price of bitcoin is down more than 25 percent from an all-time high of nearly $20,000 reached this past weekend, market data show on Friday. Prices fell to as low as $14,502 to start today’s trading session, according to CoinDesk’s Bitcoin Price Index (BPI), about 27 percent from the all-time high of $19,783 reported […]
Nigerian equities maintain upward trend as Index climbs above 38,000pts
Jerome UshakangDecember 21, 2017
Equities trading on the floor of the Nigerian Stock Exchange (NSE) consolidated its gaining streak with the All-Share Index (ASI) appreciating by 1.10 percent to close at 38,350.64 basis points in contrast to 0.40 growth the previous day. Similarly, the market capitalization inches up 1.10 percent to close at N13.7trillion. Market turnover also ended positive […]
Mass delisting at the Nigerian bourse imminent as companies fail to meet post-listing obligations
Jerome UshakangDecember 21, 2017
Mass delisting from the Nigerian Stock Exchange (NSE) is imminent as more and more companies quoted on the exchange are hard put to meet post-listing requirements due to the current harsh economic situation. Businessamlive learnt that in the past year there has been more of voluntary delisting, which has raised concerns from the investing public, […]