CO2 from new cars up as petrol overtakes diesel In New Statistics

CO2 from new cars up as petrol overtakes diesel In New Statistics

The year 2017 saw two new and related trends in EU car registrations: an increase in CO2 emissions coupled with a rise in petrol sales, according to new data from the European Environment Agency (EEA) and the European Automobile Manufacturers’...
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Tony Elumelu To African Leaders: Prioritize Africa’s Youth

Tony Elumelu To African Leaders: Prioritize Africa’s Youth

During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding t...
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Improve Health, Safety Operations, ITF Urges Hutchison Ports

Improve Health, Safety Operations, ITF Urges Hutchison Ports

The International Transport Workers’ Federation (ITF) has urged Hutchison Ports to address health and safety incidents across their global operations, after a dockworker suffered multiple injuries in a fall at the company’s Port Botany terminal. The ITF...
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Eximbank Pledges $700m For Shipping

Eximbank Pledges $700m For Shipping

The Export–Import Bank of Korea (KEXIM) has committed to provide the country’s shipping industry with KRW 800 billion ( approximately USD 750 million) worth of loans and guarantees this year. The loans will be provided to shipping companies for buying...
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DMO Photo News

DMO Photo News

L-R: Director of Portfolio Management Department, Debt Management Office (DMO), Oladele Afolabi; Representative of the Minister of Finance and Director-General of DMO, Patience Oniha; Managing Director of Fitch Ratings Agency, Edward Parker, and Fitch Ratings ...
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Buhari: Trade, Investment Key To Sustainable Development Among Commonwealth Nations

Buhari: Trade, Investment Key To Sustainable Development Among Commonwealth Nations

President Muhammadu Buhari has identified Trade and Investment Facilitation as key to sustainable development and ease of doing business and regional integration among Commonwealth countries. He also cited expanded markets with safeguards against injurious tra...
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Elumelu, Kim, Weiner To Open Forum On  Digital Economy for Africa

Elumelu, Kim, Weiner To Open Forum On Digital Economy for Africa

Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation, Tony O. Elumelu will join Jim Yong Kim, President, World Bank Group and Jeff Weiner, LinkedIn CEO at the opening debate of the ‘Digital Economy for Africa’ Forum in Washington, D.C...
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IMO Members Agree on 50 % Emissions Cut

IMO Members Agree on 50 % Emissions Cut

Countries attending the International Maritime Organization (IMO) meeting in London agreed to require the shipping sector to reduce its emissions by at least 50 pct by 2050 compared to 2008. “Today’s commitment by governments to require international shipp...
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VW Removes CEO, Unveils Restructuring Agenda

VW Removes CEO, Unveils Restructuring Agenda

Volkswagen Group has removed  Matthias Müller and replaced him with Herbert Diess as Chief Executive Officer. Previously CEO of the Volkswagen brand within the larger 12-brand corporation.   According to the company, the move is part of an effort to...
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NIMASA Signs MoU With World Maritime University On Capacity Building

NIMASA Signs MoU With World Maritime University On Capacity Building

The Nigerian Maritime Administration and safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the World Maritime University, Malmo Sweden to develop human capacity for the Nigerian maritime sector.   Speaking shortly after the signing of...
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Tony Elumelu, UBA Chairman To Tour East Africa On Entrepreneurship, Infrastructure

Tony Elumelu, UBA Chairman To Tour East Africa On Entrepreneurship, Infrastructure

Foremost Entrepreneur and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda.    In his capacity as Chairman of United Bank for Africa (UBA), Mr....
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Growing US Imports Threatened by Developing Trade War

Growing US Imports Threatened by Developing Trade War

Imports at major retail container ports in the US are expected to grow 5.8 percent in April, but could be threatened by a developing trade war between the US and China, the National Retail Federation said. “Tariffs are a tax on...
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Lufthansa Cancels 800 Flights Amid Strike

Lufthansa Cancels 800 Flights Amid Strike

Lufthansa has been forced to cancel 800 flights on Tuesday as the spring of discontent among Europe’s workers spreads to Germany. The airline has axed half of its 1,600 scheduled flights, affecting 90,000 passengers. Workers are staging the walkout ahead...
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Hyundai New-Generation Accent Debuts In Africa, Middle East

Hyundai New-Generation Accent Debuts In Africa, Middle East

Described as a high proposition for buyers, Hyundai has officially launched the fifth generation Accent in Africa and Middle East markets.    Highlights of the new model include a completely new exterior design and comfortable high-tech interior.   More eff...
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