News

Work is still on-going at the Dangote Refinery, which is expected to be commissioned in January next year. The completion of the project previously scheduled for 2020 has been interrupted by the global outbreak of the coronavirus pandemic. Dangote Group Executive Director Devakumar Edwin said the company has provided for mechanical completion by end of … Read more

The World Bank and the African Development Bank have released their latest list of debarred companies. The companies were debarred because of various infractions of their regulations. Amongst the debarred companies is a Nigerian contracting firm, Oceanic Construction and Engineering Nigeria Limited. The company was indicted for lying about its corporate registration, including its year … Read more

Nigeria’s leading commercial airline, Air Peace, has sacked 69 pilots across its fleet types. This is due to the negative impact of Covid-19 pandemic on its operations and financial health. Air Peace said it had to take the “painful but rightful” decision in the face of the devastating effects of the Covid-19 pandemic. Spokesman of … Read more

Earlier in the week, news broke out in Nigeria that the South African supermarket chain Shoprite is leaving the country. However, the Shoprite management debunked these rumours. Yesterday, Shoprite Holdings announced via its parent company that it has begun shopping for Nigerian investors. The plan simply for the supermarket chain is to divest its stake … Read more

In January, the economic outlook for Africa for the year was very bright. The African Development Bank had predicted a 3.9% growth in 2020 and then 4.1% in 2021. However, the coronavirus hit and upended the global economy. Less than two months after coronavirus hit, the United Nations Economic Commission for Africa (UNECA) revised the continent’s growth … Read more

Before international flights resume, Kenya Airways will have to inspect afresh the engines of its 10 Boeing 737 New Generation aircraft. This is after the US aviation regulator warned that they could stall mid-air after being grounded for months. The Federal Aviation Authority (FAA) said the Boeing 737NG aircraft that have been idle since the … Read more