Labour cash earnings rose by 2.6% in July compared to a year ago, beating forecasts of a slowdown to 0.9%. Special payments, or summer bonuses, grew by an annual 7.1% in July from a revised 2% gain in June.
Updated 5 Years ago

Analysis from Deloitte shows that of the money spent, £530m has gone overseas, £240m to Premier League clubs and £65m to Football League teams. The transfer window closed at 23:00 BST on Monday, 1 September. It was also the closing transfer deadline day in the English Football League, and in the Scottish leagues.
Updated 5 Years ago

In a Labor Day speech in Milwaukee, Wisconsin, Mr Obama said the economy and workers were now better off then when he took office in 2009. "America deserves a raise," he said. His speech comes ahead of mid-term elections in November which will see a close race between Democrats and Republicans for control of the Senate.
Updated 5 Years ago

Growth in Germany contracted 0.2 percent in the second quarter, the first fall in over a year, stoking worries Europe’s biggest economy is slowing down, as the Ukraine crisis and weaker trade drag down what was once a glowing model for the rest of Europe. The seasonally-adjusted gross domestic product (GDP) from April to June was confirmed Monday by Germany's Federal Statistics Office to have dropped twice as much as forecast, which it said shows the economy is “losing momentum.” Annual growth predictions have been slashed from 3 percent to 1.5 percent.
Updated 5 Years ago

Nigeria is a bored country, years of economic malaise, political turbulence and social chaos has led us to focus on the basic essentials of life, ignoring the brighter sides of life in a focus on essential needs. Merigion is LIVEN Capital’s vision for resorts and leisure hospitality in Nigeria. The idea is to build a brand of fun resorts, infused with Nigerian character, driven by customer service and intended for both Nigerians and Tourists alike. Our approach is to develop “leisure centers” which then also offer accommodations, not just hotels, not mere resorts, but epicenters of fun and a lively appreciation of the beauty and magnificence of Nigeria art, music, cuisine, people, natural endowments, encapsulated in each of our properties.
Updated 5 Years ago

The Peoples Democratic Party (PDP) Screening Appeal Committee has cleared the Adamawa State Acting Governor, Umar Fintiri, to participate in the party’s September 6 primary. The development came barely 24 hours after the Ibrahim Mantu led screening panel disqualified Mr. Fintiri.
Updated 5 Years ago

A former Minister of Aviation, Femi Fani-Kayode, has bared his mind on the controversial revelations by an Australian hostage negotiator, Davis Stephen, regarding the activities of the dreaded sect, Boko Haram. The Perth-based international Adviser, who was involved in negotiations on behalf of the federal government with commanders of Boko Haram for the release of the abducted Chibok schoolgirls, had made a statement that suggests ex-Borno helmsman, Senator Ali Modu Sheriff, and a former Chief of Army Staff, Lt-General Azubuike Ihejirika, were sympathetic to the violent group.
Updated 5 Years ago

The Federal Government is projecting a budget of N4.74tn for the 2015 fiscal year, a document obtained from the Ministry of Finance has revealed. This figure was contained in the government’s Medium Term Expenditure Framework and Fiscal Strategy Paper covering the 2014 to 2016 fiscal periods.
Updated 5 Years ago

Outlook for naira dims as analysts anticipate pressure on the local currency this week due to falling oil prices amid sustained high demand for U.S. dollars by end users. The price of crude oil (Bonny Light) has dropped by 7.76 percent to $101.0/barrel as at August 25, 2014 from $108.84/barrel as at March 2014, according to data obtained from the Central Bank of Nigeria’s (CBN) website.
Updated 5 Years ago

Computer Warehouse Group plc (CWG), a technology company, profits slowed in half year (H1) 2014 despite reduced costs, according to analysis of the financials. For the first six months through June 2014, the company’s net income reduced by 47 percent to N246 million from N465 million as of HY 2013.
Updated 5 Years ago