International Archives — Page 34 of 59

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 scheduled...

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...

July 19, 2017 No Responses

Rolls-Royce Inks service deal for 74 Vessels

UK-based engineering company Rolls-Royce has signed a three-year service agreement with Siem Offshore and Subsea 7 covering a total of 74 offshore vessels. Under the deal, Rolls-Royce will maintain and service all of the equipment it has delivered to the two....

July 19, 2017 No Responses

WFE consolidates report on SME Exchanges

The World Federation of Exchanges (WFE) on Tuesday jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges. According to WFE, the report consolidates results from initial independent research from ...

July 18, 2017 No Responses

WFE explains position on ledger technologies

The World Federation of Exchanges (WFE) on Monday responded to the United Kingdom (UK) Financial Conduct Authority’s (FCA)discussion paper on Distributed Ledger Technology (DLT). According to the summarized response, the WFE is encouraged by regulator...

July 18, 2017 No Responses

Mazda recalls 19,000 more vehicles

Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday. The recall was prompted by...

July 16, 2017 No Responses

U.S to emerge top LNG exporter by 2022

By 2022, the United States will be on course to challenge Australia and Qatar for global leadership among LNG exporters, the International Energy Agency (IEA) estimates. Despite the fact that the demand for gas in the United States – the...

July 16, 2017 No Responses

Eight dead in wall collapse at Senegal’s stadium

(BBC)–Eight people have died and at least 49 are injured after a wall collapsed at a football stadium in Senegal. It happened at Demba Diop stadium in the capital, Dakar, at the end of the League Cup final between Stade...

July 14, 2017 No Responses

Transcorp Hilton Abuja celebrates 30 year Anniversary

The award winning Transcorp Hilton Abuja hotel in Nigeria is celebrating its 30th anniversary this year, having officially opened its door to its first guest on the 21st of April, 1987. The iconic hotel, which has through the years, hosted Royalty,...