China’s premiere TV station China Central Television (CCTV) launched, today, an Arabic International Station. CCTV Arabic will be broadcasted to 300million people across 22 countries in the Arab world including North Africa. Speaking in a press conference yesterday with reporters, CCTV’s Vice President Zhang Changming explained CCTV’s intention to maintain high standards in programs, technology, …
UNIDO Encourages Revival of Nigeria's Textile Industry
United Nations Industrial Development Organisation (UNIDO) has shifted its focus on Nigeria’s ailing textile industry encouraging a revival of the industry. In a released statement late last month, UNIDO explained the significance of the industry to the country’s economic health, “The Nigerian textile industry represent(s) a strategic non-oil industry and the second largest industry in …
Virgin Nigeria Sued by Guaranty Trust Bank
Virgin Nigeria a sponsor of many fashion and entertainment events in Nigeria announced earlier this month its plans to list on the Nigerian Stock Exchange (NSE) after according to it, “branding and rebranding.” Its efforts on rebranding and listing on the NSE might however be delayed with the current law suit filed against it by …
De Beers Swings To 2Q Loss As Sales Slump
JOHANNESBURG -(Dow Jones)- De Beers SA, the world’s largest diamond company, Friday said it swung to a loss in the second quarter of the year after sales slumped and it cut production in response to a fall in demand. De Beers, 45% owned by Anglo American PLC (AAUK), said production for the first half of …
Woolworth to Report 30-40% Rise in Earnings
“Johannesburg – South African food and clothing retailer Woolworths expects to report a 30%-40% rise in earnings per share boosted by a one-off profit and sales in the fourth quarter showed signs of recovery. The company said EPS in the 52 weeks to end June were expected to rise up to 40 percent versus the …
“CNN Presents: Black in America 2′s” Soledad O’Brien Interview
CNN July 22nd and today July 23rd has been airing Black in America 2 a continuation of its series on the topic. The timing is impeccable in light of the whole fuss on President Barack Obama’s statements on the alleged racial profiling incident of Harvard Professor Henry Louis Gates and the Cambridge police. Ladybrille Magazine’s …