Sterling Bank Plc yesterday reported a net profit of N9.3 billion for the year ended December 31, 2013, showing an increase of 24 per cent compared with N7.5 billion reported in the 2012.
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The International Monetary Fund has agreed to grant Ukraine between $14 billion and $18 billion to help the country avoid a default. The package includes a 50 percent rise in the cost of energy to Ukrainian homes. The IMF promised to grant Kiev the lifeline over the next two years, after finishing its mission in Ukraine on Wednesday. Overall support from the broader international community will stand at $27 billion over the period, the IMF statement said.
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MTN Group Ltd., Bharti Airtel Ltd. And Orange SA are planning to sell mobile tower networks in Africa, the latest examples of telecom operators looking to reduce exposure to costly infrastructure in the region, according to people familiar with the matter.
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Russian President Vladimir Putin says Russia should create its own national card payment system, following the example of China and Japan. They diversified away from global monopolies like Visa and MasterCard and launched their own systems years ago. "These systems work in countries like Japan and China, and they work very well. At first they worked nationally, circulating in their own market in their own territory, for their citizens, and now they are becoming very popular," Putin told the upper house of parliament on Thursday.
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Poor risk identification is a major cause of failure and stunting of small and medium scale enterprises (SMEs) in Nigeria, experts have said.
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Several billions of naira is caught up in failed Automated Teller Machine (ATM) transactions across the more than 5,500 branches of Nigeria’s 25 deposit money banks nationwide.
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Nothing ventured, nothing gained is often the philosophy of very successful entrepreneurs. Calculated risk takes courage and intelligence, but it also requires an ability to welcome the uncertainty that comes along with it. Risks often don’t pay off and almost always don’t work out the way you might have originally imagined, so being able to flow with the way your business is changing is an important skill to master. There might be failures along the way, but as this group of entrepreneurs has proven, there are also huge rewards.
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When Doug Leone arrived in Mount Vernon, N.Y. in 1968, the 11-year-old Italian immigrant didn’t have a clue. He flunked a math quiz in school because the terms “true” and “false” bewildered him. He wore unsightly slacks from Sears that invited classmates’ teasing. After school he watched McHale’s Navy alone on a black-and-white television, hoping to learn colloquial phrases that would help him fit in. A few years later Leone began to get his bearings. “I was working on boats as a teenager, sweating like a pig during a summer job,” Leone recalls. “I could look across and see all the kids at the country club’s swimming pool. The young guys were talking to the girls. And I was saying to myself: ‘I can’t wait until I meet you in the business world. You just made your big mistake, letting me in.’ ”
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China's plan for a market in air pollution permits promises to help clean up its air cheaply, but the move could prove just as useless as previous environmental policies unless the government stamps out lax enforcement and spotty data. Smog regularly blankets the country's major urban centers and kills half a million people each year.
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The shares were trading at $19.08 each, down from the listing price of $22.50. King's flagship game Candy Crush was the most downloaded free app of 2013 and has boosted the firm's revenue.
Updated 5 Years ago