The Shenzhen-based company said its net profit for the six months to June this year fell by 15.5% to $58.6m (£35.3m). Shares in BYD, backed by the billionaire US investor Warren Buffett, later recovered to close up by 2.24%.
Updated 6 Years ago

Equity transactions on the Nigerian Stock Exchange (NSE) closed on Thursday on on a bearish trend with the market capitalisation depreciating by N7 billion or 0.05 per cent following price losses recorded by some major stocks. The market capitalisation closed lower at N13.791 trillion from the N13.798 trillion recorded on Wednesday.
Updated 6 Years ago

Globacom, second national carrier, is in a renewed push to scale up mobile money services in Nigeria, Africa’s largest economy, through the formation of a new partnership ecosystem, comprising of leading financial services companies, and a robust nationwide agent network. About three years after the launch of mobile money service in the country by Central Bank of Nigeria (CBN), the service is yet to catch on with the masses.
Updated 6 Years ago

The solution to the age-old problem of understanding others may be as simple as taking the time to improve your active listening skills. Active listening is all about building rapport, understanding and trust. Your “likability” factor is largely determined by your ability to effectively listen to client and customer suggestions and successfully respond to their needs, requests and concerns. But you don’t have to be born with the gift of gab to become an expert communicator. Here are six tips to help you become a better listener and actually hear what others are saying, not just what you think they are saying or what you want to hear.
Updated 6 Years ago

Each day we are provided with list of things we can do to be successful as entrepreneurs. We are given examples of very successful entrepreneurs who exemplify these traits. Then why is it that most people who embark on an entrepreneurial path don’t succeed? We ignore how we learn as humans. Our greatest lessons come from our mistakes and failures. In fact, if someone says he or she is a very successful entrepreneur and has never failed, you know they are lying.
Updated 6 Years ago

As an entrepreneur, often you are your brand. Your "about" page can set the tone for you and your style and give potential clients a preview of what you might be like to work with.
Updated 6 Years ago

Kunoch Holdings has completed the purchase of a Diamond Bank Plc stake from Actis LLP and CDC Group Plc. Kunoch acquired the stake by buying Actis DB Holdings Ltd., which holds 14.79 percent of Diamond Bank, the bank in a statement on Thursday said.
Updated 6 Years ago

The Nigerian mutual fund industry has expanded 23.6 per cent to N186.5 billion, going by the latest official asset size values for August 2014. Meanwhile, money market funds surge 122.9 per cent, as equity funds are left 3.8 per cent in the red.
Updated 6 Years ago

Continental Reinsurance plc has said it is evolving a programme that would strengthen local capacity and foster its rapid growth and expansion plans in Africa. A statement from the firm states that the focus is to build financial and technical capacity in local markets in order to build on its pan-African commitment as it expands in Africa.
Updated 6 Years ago

Oando Energy Resources Inc. (OER), a company focused on oil and gas exploration and production in Nigeria, said production from its existing assets for the first half (H1) of the year was 821,786 barrels (an average of 4,540 barrels per day (bpd)) compared with 687,757 barrels (an average of 3,800bpd) for the comparative period. The increase in production was primarily as a result of improved well optimisation at Oil Mining Lease (OML) 125 (Abo field), the company said, in its financial and operating results for the six month period ended June 30, 2014, released last week. Production also increased at the Ebendo field (OML 56).
Updated 6 Years ago