Month: October 2020
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Business Insight
Exxon flags possible $30bn writedown after third straight loss
ExxonMobil warned on Friday that it could write down North American natural gas assets with a carrying value of up…
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Aviation & Maritime
Air Peace to resume flights to Akure on Monday
Air Peace is set to resume flights into Akure on Monday, November 2, 2020, after flights were grounded at the…
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Business Insight
Iraq to back any OPEC+ oil production decision
OPEC’s second-largest oil producer, Iraq, will support any unanimous decision that the OPEC+ group makes regarding the alliance’s future oil…
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Business Insight
MTN sells stakes in Jumia, rakes in $138 million
MTN Group has finalised its exit from Jumia, a Pan-African e-commerce platform, selling its 18.9 per cent stakes and raking…
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Aviation & Maritime
South African Airways receives another government bailout worth $640m
On Wednesday, the South African government announced that they were prepared to give South African Airways a bailout of R10.5…
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Business Insight
Western Europe’s biggest oilfield set to increase production
The giant Johan Sverdrup oilfield in Norway’s North Sea is expected to increase its oil production this quarter after the…
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Aviation & Maritime
Delta may avoid furloughing pilots until 2022
Delta Air Lines and the Air Line Pilots Association (ALPA) have agreed on a deal in principle providing furlough protection for its…
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Business Insight
EU reaffirms support for Nigeria’s Okonjo-Iweala to lead WTO
President Muhammadu Buhari on Friday, October 30, said the European Union (EU) has reiterated its support for Nigeria’s Dr Ngozi…
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Aviation & Maritime
KLM’s restructuring plan rejected by Dutch Government
KLM and unions are reportedly in emergency talks. This follows news on Friday that the Dutch government had rejected the…
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Business Insight
Oil hits 5-month lows as COVID cases surge
Crude oil collapsed earlier this week after France and Germany announced new lockdowns in response to surging Covid-19 cases, and…
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