International news agency

Search Results for: Nigeria

10 results out of 242 results found for 'Nigeria'.

INTERNATIONAL REGULATORY ROUND UP - RETALIATORY DUTIES ON USA CONFECTIONERY AND INGREDIENTS EXPORTS CHALLENGED AT WTO

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

Read more

TECHNICAL ROUND UP – BRAZIL TOLD TO SCRAP MANUFACTURING TAX BREAKS

*Brazil has been told to reform tax breaks given to Brazil-based manufacturers of automobiles and information technology products. The World Trade Organisation’s (WTO) appellate body has ruled that they break WTO rules on giving special tax favours to domestic producers over importers.…

Read more

ICAO BUDDY SYSTEM HELPS EMERGING MARKET COUNTRIES PREPARE FOR CORSIA

A BUDDY training system has been launched by the International Civil Aviation Organisation (ICAO), enabling countries with significant regulatory capacity to help other states prepare for the upcoming CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) scheme. ICAO has been training national officials to advise on ensuring CORSIA’s legal requirements are written into local laws and also on building the emissions data monitoring, reporting and verification systems they need to measure their airlines’ carbon footprint.…

Read more

OIL DEAL IN GRAFT COURT BATTLE COULD COST NIGERIA USD6 BILLION, PROSECUTORS CLAIM

A 2011 oil deal at the centre of a huge corporate fraud and corruption trial currently underway in a Milan court would see Nigeria lose nearly USD6 billion if it is not overturned, according to a report from Global Witness. Quoting claims made in the case, ‘Take the Future’ alleges that Italy’s partly state-owned Eni and Anglo-Dutch Shell knew that much of the USD1.1…

Read more

SUB-SAHARAN AFRICA’S DIVERSE BEAUTY MARKETS COMBINE TASTES FOR TRADITION WITH AN APPETITE FOR GLOBAL TRENDS

THE PERCEPTION of beauty and hence the design and supply of personal care products is slowly changing in sub-Saharan Africa as its increasingly wealthy middle class consumers take a more personalised approach to how they look. The region has a widely diversified consumer-base, whose varied tastes are pushing brands to rethink personalising cosmetics and personal care products like never before. …

Read more

AFRICAN SOURCING AND FASHION WEEK EXPLORES HOW CONTINENT’S CLOTHING AND TEXTILE SECTOR CAN GROW SUSTAINABLY

As he took in the fourth Africa Sourcing and Fashion Week (ASFW) in the Ethiopian capital of Addis Ababa last week, Kenneth K Han, managing director of Shints ETP Garment Plc, said he is optimistic over the country’s potential in the textile and apparel sector, despite many challenges.…

Read more

ANTI-CORRUPTION IT SYSTEMS GROW IN SCOPE AND SOPHISTICATION

WITH an estimated USD1.5 trillion lost to the global economy because of bribes, the World Bank is pushing for a diverse array of technology to be deployed – it is a call being answered with anti-graft systems being installed worldwide.

Reducing corruption “is a priority” for the World Bank, it said in a briefing note in September 2017.…

Read more

IRELAND’S DAIRY INDUSTRY GOES GLOBAL AND DIVERSIFIES, AS IT SEEKS INSULATION FROM BREXIT DISRUPTION

The recent sight of a Chinese internet celebrity in a milking parlour in Limerick could be a hint of what the future holds for Ireland’s increasingly international dairy industry. Xiao Lu Yu, one of the ‘influencers’ who monetise Chinese social media (see https://m.weibo.cn/status/4279583182420503

Read more

IRISH DAIRY SECTOR HAS BECOME A BIG OVERSEAS EXPORTER

TIME was when dairy farming in Ireland was a family affair, with smallholdings and local dairies predominant. But those days are long gone. The Irish dairy sector is now big business, not just on Republic of Ireland’s 4.8 million population, but also overseas, with big brands targeting foreign markets.…

Read more

COURT FINDS AFREN CHIEFS GUILTY OF FRAUD AND MONEY LAUNDERING

Southwark Crown Court, London, found two former top executives of collapsed oil firm Afren guilty of fraud and money laundering in their handling of a USD300 million oil deal. In the October 24 ruling on a case brought by the Serious Fraud Office (SFO), the court found former chief executive and operating officers, Osman Shahenshah and Shahid Ullah guilty of fraud by deceiving the Afren Board into agreeing the USD300 million business deal, from which they personally received more than USD17 million.…

Read more