Search Results for: Nigeria

SWITZERLAND may have lost its reputation as a haven for dirty money deposited in numbered accounts with no questions asked, but global anti-money laundering (AML) body the Financial Action Task Force (FATF) wants more vigilance and proactivity in Swiss AML policies and actions.…

SUB-Saharan Africa offers the personal care product a real chance to see solid and steep growth in sales in upcoming years, with the region’s middle class growing in size and prosperity, served by international brands boosting their retail presence, especially in larger urban markets.…

IVORY Coast has imported more than double the value of cosmetic products in 2015 when compared with 2009, from the European Union (EU) alone, signaling the creation of a booming domestic beauty market as the country emerges from a civil war that ended in 2011.…

AFRICA’S economic growth means it does not just have more banks than before, banking groups are spreading across national borders. And while this can boost banks’ lending and savings security, it also complicates the job of regulators charged with ensuring such institutions are honest and solvent.…

The UK Serious Fraud Office (SFO) has refused to deny claims that it is extending a criminal investigation into allegations of bribery and corruption at luxury car and aeronautical engine maker Rolls-Royce by examining fresh allegations of wrong-doing in Nigeria. The SFO probe was launched in December 2013 to look into possible bribery and corruption by the company’s aerospace division in China and Indonesia, and the investigation was already extended at last December to take in Rolls-Royce activities in Brazil.…

Nigeria is to build a new Aerospace University, it has been announced.

The news broke as the International Civil Aviation Organisation (ICAO) Council president Dr Olumuyiwa Bernard Aliu visited the African state last month.

In addition, the Nigerian College of Aviation is to be upgraded to full status as an ICAO regional training centre, it was announced following meetings with Mr Aliu and Nigeria’s President  Muhammudu Buhari.…

A MEETING of the European Parliament’s special committee on tax rulings has grilled multinationals over European Union (EU) member state tax rulings. The European Commission fears they have been abused by governments giving companies low tax rates in return for registering businesses in their jurisdictions.…

China pharmaceutical industry investors want to help sub-Saharan African countries meet growing domestic demand for medicine in return for tax breaks and private-public partnership initiatives. But there are difficulties – including product quality and standards issues that impede the flow of Chinese Yuan into African pharma production.…

THE GLOBAL paint and coatings sector is looking closely at sub-Saharan Africa as an emerging market, which attracted USD56.3 billion in foreign direct investment (FDI) in 2014. And as the region’s richest and most diversified economy, the United Nations Conference on Trade & Development (UNCTAD) has noted, South Africa was Africa’s leading FDI recipient in 2013, with a figure that had more than doubled year-on-year to top USD10 billion.…

THE INDONESIAN textile industry is being put under pressure to boost its environmental performance by international non-governmental organisation (NGO) Greenpeace, which has accused sector of poisoning a major river in West Java.
WTiN.com visited elderly residents in Majalaya, a small town by the Citarum River, who say it was once clean enough to wash in.…