Oil Prices Rise On Supply Deficit Concerns

Oil Prices Rise On Supply Deficit Concerns

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. Reuters report that U.S. West Texas...
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Hyundai Motor Group To Donate $1.1m For Moroccan Earthquake, Libya Flood Recovery

Hyundai Motor Group To Donate $1.1m For Moroccan Earthquake, Libya Flood Recovery

Hyundai Motor Group has announced a $1.1 million contribution to aid Morocco and Libya in their recovery efforts following severe earthquakes and floods. The donations come from the four affiliates of Hyundai Motor Group (Hyundai Motor Company, Kia, Hyund...
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Nigeria Insists On BASA Reciprocity With UAE

Nigeria Insists On BASA Reciprocity With UAE

The Nigerian Government through the Minister of Aviation and Aerospace Development, Mr. Festus keyamo, on Thursday reiterated that the United Arab Emirates (UAE) carriers would return to the Nigerian routes very soon.  The Minister explained that the Fede...
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Edo, Namibia Explore Investment Opportunities

Edo, Namibia Explore Investment Opportunities

The Edo State Governor, Mr. Godwin Obaseki, has initiated talks with the Namibian Government to explore trade and investment opportunities in livestock production, technology, and management services, among others between the Country and Edo State. The governo...
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MSC To Acquire 49% Stake In Hamburg’s HHLA

MSC To Acquire 49% Stake In Hamburg’s HHLA

A wholly owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest container shipping company, has revealed plans to acquire a substantial 49% shareholding in HHLA Hamburger Hafen und Logistik AG, a prominent port operation, container trans...
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Air Peace Begins Flight Operations To Jeddah October 31

Air Peace Begins Flight Operations To Jeddah October 31

West and Central Africa’s largest carrier, Air Peace, has announced the commencement of direct flights from Lagos and Kano to Jeddah in Saudi Arabia on October 31, 2023.  The airline disclosed this during an engagement session with travel agents in...
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Amit Sharma: Nissan’s New E-Power Technology Is Game Changer

Amit Sharma: Nissan’s New E-Power Technology Is Game Changer

General Manager of Stallion NMN, Nigeria’s exclusive representative of Nissan brand, Amit Sharma, has described Nissan’s E-POWER, a revolutionary technology which has already been introduced to both the Qashqai and the X-Trail, models as a game changer in ...
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Qatar Airways Cargo Partners DSV On New Route From Huntsville

Qatar Airways Cargo Partners DSV On New Route From Huntsville

Qatar Airways Cargo has launched biweekly freighter flights from Huntsville, USA to Doha, in conjunction with DSV as part of a strategic partnership, enhancing North America’s connectivity to Europe, Middle East and beyond, effective 7th September 2023. A st...
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United Nigeria Airlines Gets Approval To Fly UK, US, UAE, Others

United Nigeria Airlines Gets Approval To Fly UK, US, UAE, Others

THE Federal Government has granted the approval of the United Nigeria Airlines to begin international flights operations into six countries, including United Kingdom. Mr Hassan Ejibunu, Director, Air Transport Management, Ministry of Aviation and Aer...
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Mixed Reactions As Africa Climate Summit Ends

Mixed Reactions As Africa Climate Summit Ends

Activists at the just concluded first Africa Climate Summit have called for commitment towards the tripling of global renewable energy capacity to 11,000 Gigawatt by 2030, the level required to limit global heating to 1.5 degrees celsius.  ...
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Hyundai Motors Delivers 347,377 Units In August

Hyundai Motors Delivers 347,377 Units In August

Hyundai Motor Company has announced global sales of 347,377 units in August 2023, a 3.2 percent increase year-over-year.  City Business News reports that despite continued uncertainties in the business environment, the company is maintaining robust sales ...
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Japanese Ambassador Hosts NPA Boss, Harps On Trade, Investment

Japanese Ambassador Hosts NPA Boss, Harps On Trade, Investment

The Japanese Ambassador and Permanent Representative to ECOWAS, Mr. Matsunaga Kazuyoshi, has commended the Managing Director of Nigerian Ports Authority (NPA), Mohammed Bello Koko for facilitating growth in the value of Nigeria – Japan trade vo...
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Heineken Sells Off Russian Business For €1

Heineken Sells Off Russian Business For €1

Heineken has finally sold off its Russian business for €1 – or 86p – nearly a year and a half after first pledging to do so. The Dutch brewer said it will take a loss of €300m on the division,...
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Commonwealth Women’s Affairs Ministers Meeting Opens

Commonwealth Women’s Affairs Ministers Meeting Opens

The Commonwealth Women’s Affairs Ministers Meeting opened on Tuesday in the Bahamas with a call for stronger action on gender equality priorities in the face of intensifying global environmental and economic challenges.  Against the backdrop o...
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