Business & Economy (Page 325)

The released British oil tanker, the Stena Impero, has left Iran’s Bandar Abbas port to international waters on Friday morning local time, the Ports and Shipping Office of Iran’s southern Hormozgan Province announced, according to official IRNA news agency. “The captain and the crew of the ship have officially committedContinue Reading

President Muhammadu Buhari on Wednesday evening joined his Zambian and Ethiopian counterparts in calling for unity among African countries to demand unconditional repatriation of assets stolen from the continent. The call came at a high-level event on Illicit Financial Flows (IFFs) held on the sidelines of the ongoing 74th UnitedContinue Reading

Turkey’s annualised inflation rate on Thursday fell sharply to 9.26 per cent in September from 15 per cent in August, official data revealed. According to the Turkish Statistical Institute (TurkStat), inflation went down to single digits for the first time in two years. TurkStat said that month-on-month inflation stood atContinue Reading

The United Kingdom will leave the European Union on Oct. 31, hopefully with a deal, finance minister Sajid Javid said on Monday. “Hopefully we leave with a deal,” Javid told ITV. “If we cannot strike a deal, I think it is important to leave in any case and leave withContinue Reading

The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his term recently. A statement issued by the World Bank’s Senior Communications Officer, Nigeria, on Wednesday in Abuja, said Chaudhuri assumed office on Tuesday. It said that Chaudhuri, aContinue Reading

Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia. Brent crude futures LCOc1 fell 40 cents to 64.37 dollars a barrel by 0624 GMT, while U.S. WestContinue Reading

The Schwab Foundation, a sister organisation of the World Economic Forum (WEF), has endorsed President Muhammadu Buhari’s National Social Investment Programmes(N-SIPs). Justice Bibiye, Communications Manager, National Social Investment Office (NSIO), in a statement on Monday, in Abuja, said the foundation conferred the prestigious Public Social Intrapreneur award on Mrs MaryamContinue Reading