International Archives — Page 33 of 58

August 4, 2017 No Responses

South African Airways faces bankruptcy

South African Airways (SAA) is on the edge of bankruptcy, information made available to the country’s parliament has revealed. According to the BBC, “The national carrier may soon be unable to pay salaries”, adding, “The cash-flow statement shown to...

August 3, 2017 No Responses

IMF: Economic backdrop in Nigeria remains challenging

The economic backdrop in Nigeria remains challenging, despite some signs of relief in the first half of 2017, International Monetary Fund (IMF), has said. At the end of a visit to Nigeria, IMT team led by Amine Mati, Senior...

July 30, 2017 No Responses

Nigeria reiterates right business environment for investors

Industrialisation and diversification of the economy remain the focus of President Muhammadu Buhari’s administration, the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelama has said. Speaking during his visit to Abia State, the Minister ...

July 29, 2017 No Responses

Forces behind new $450,000 Rolls-Royce Phantom VIII

Rolls-Royce has unveiled its luxurious Phantom VIII, designed specifically to meet more customer’s expectations. Regarded as “The ultimate luxury machine”, one of the longest-running automobile nameplates in the world and the flagship of...

July 29, 2017 No Responses

Aisha Buhari seeks more action on conflict resolution

Wife of the President, Mrs. Aisha Muhammadu Buhari has observed the need for more action on conflict resolution in Africa. She spoke through Dr. Hajo Sani, Senior Special Assistant to the President, during a courtesy visit by a delegation...

July 28, 2017 No Responses

Porsche recalls 22,000 cars

Germany’s transport minister has announced a recall of 22,000 Porsche cars to remove what he says is illegal emissions-controlling software. He said that luxury marque Porsche would bear the cost of the recalls of the affected 3-litre Cayenne models. It....

July 28, 2017 No Responses

EU to Belgium, France: Abolish tax exemptions for Ports

The European Commission has asked Belgium and France to abolish the corporate tax exemptions granted to their ports, so as to align their tax regime with EU state aid rules. In Belgium, a number of sea and inland waterway ports,...

July 23, 2017 No Responses

Nigeria to inaugurate $700,000 capacity development facility for youth agripreneurs

Nigeria will on Monday 24 July, 2017 inaugurate $700,000 youth training facility comprising two major training rooms that can sit conveniently 50 trainees each. Funded by the Federal Ministry of Agriculture and Rural Development and IITA, the facility s...

July 23, 2017 No Responses

Jaguar Land Rover opens first engine plant outside UK in China

Jaguar Land Rover is opening an engine plant in China, its first outside of the UK as the premium carmaker ramps up its international expansion. It will provide petrol engines for its local assembly site. JLR has a joint venture...

July 21, 2017 No Responses

U.S sanctions ExxonMobil over violations

The United States authorities have fined Exxon Mobil $2m for violating sanctions against Russia while Secretary of State Rex Tillerson was its chief executive. Exxon dealt with Igor Sechin, the president of Russian oil giant Rosneft, who was blacklisted, the.....

July 20, 2017 No Responses

COSCO forecasts 50 % drop in profit

Hong Kong-listed COSCO Shipping Energy Transportation forecasts a drop in profit for the first six months of this year of up to 57 percent year-on-year. Specifically, the group’s net profit attributable to the equity holders is expected to range between...

July 20, 2017 No Responses

UBA increases international spend limit on naira cards to $2000.

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increas...

July 20, 2017 No Responses

How to make African seaports competitive, by NIMASA DG

July 20, 2017 No Responses

Samsung wins conditional deal for vessel pair

South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional a...