Business

EU agrees to grant UK request for Brexit delay until Jan. 31 2020 – Tusk

THE European Union (EU) has agreed to grant the UK’s request for a Brexit extension until Jan. 31 instead of the deadline of Oct. 31, European Council President Donald Tusk said Monday.

“The EU27 has agreed that it will accept the UK’s request for a #Brexit flextension until Jan. 31, 2020.

“The decision is expected to be formalised through a written procedure,” Tusk said on Twitter.

The decision was made at a Monday meeting of the Committee of Permanent Representatives in the EU.

Fidelity Bank, Gazelle empower 200 youths with entrepreneurial skills

Fidelity Bank Plc, in partnership with Gazelle Academy and the Nnamdi Azikiwe University, Awka at the weekend concluded an entrepreneurship training programme for over 200 students in Anambra State.
The initiative is to reduce unemployment rate in Nigeria.
The programme ended with a call to Nigerian youths to embrace entrepreneurship and create wealth for themselves instead of searching endlessly for non-existing paid jobs.

What Niger, Benin, others must do before we reopen border – Emefiele

THE Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday insisted that neighbouring countries must engage with Nigeria before the Nigerian border is reopened.

The border was closed few weeks back due to the substandard products that are smuggled and dumped into the Nigerian markets.

Emefiele spoke with State House correspondents after closed doors meeting with President Muhammadu Buhari at the Presidential Villa, Abuja. He also claimed that the Nigerian economy is doing well with the closure of its borders.

Nigeria needs a competent customs service, not border closure

About two months ago, the Nigerian government announced the closure of the country’s land borders to all goods. According to the country’s Comptroller-General of the Customs Service, Hameed Ali, this was done to stem the influx of smuggled goods, especially rice and tomatoes, into the country.

Beijing's new $63 bln mega-airport begins international flights

Beijing's new $63 billion Daxing airport began its first scheduled international flights on Sunday as it ramped up operations to help relieve pressure on the city's existing Capital airport.

Shaped like a phoenix - though to some observers it is more reminiscent of a starfish - the airport was designed by famed Iraqi-born architect Zaha Hadid, and formally opened in late September ahead of the Oct. 1 celebrations of the 70th anniversary of the People's Republic of China.

Cameroon calls for freeze on Douala port contract over Bollore court case

Cameroon's president has ordered its main Douala port to suspend contract talks with Swiss firm Terminal Investment Limited (TIL) until the conclusion of a court case brought by France's Bollore, according to a letter seen by Reuters.

TIL was chosen to renovate and manage the Atlantic port in September after Bollore, which had managed the hub since 2015, was eliminated earlier in the bidding process as it sought to renew its contract. It is contesting the decision in the Cameroonian courts.