The German Ambassador to Nigeria, Dr Bernhard Schlagheck, disclosed in Abuja on Monday that the volume of trade between Nigeria and Germany shrank to €3.5bn in 2016. Schlagheck said in an interview that the trade volume dropped by about €2.5bn from €6bn recorded in 2015. The envoy blamed the fall on the economic downturn in […]
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Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum’s annual rankings showed on Wednesday. Following is a table showing the top 30 countries, according to the World Economic Forum. 1 Switzerland 2 United States 3 Singapore 4 Netherlands 5 Germany 6 Hong Kong 7 Sweden 8 United […]
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Insolvent German airline Air Berlin may drop more long-haul routes next week, earlier than planned, to cut costs as it races to find investors before it runs out of cash, people familiar with the matter said on Friday. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding […]
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The world’s highest sandcastle has been created in the German city of Duisburg, standing at 16.68 metres (54.72ft) tall. A German travel operator organised the construction of the mammoth sandcastle, bringing in 3,500 tons of sand over the past three-and-a-half weeks to the site at a former steelworks in the inland city. Jack Brockbank, a […]
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Scientists in Germany say the world’s largest X-ray laser is now in operation and will help them capture images of structures and processes at an atomic level. The DESY research center near Hamburg said the laser that went online Friday flashes 27,000 pulses per second, resulting in a luminance a billion times higher than the […]
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Germany’s Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer, Ensure Insurance in a push for growth in Africa, where many people are uninsured. Foreign insurers are banking on growing premiums as the continent develops its infrastructure and a consumer class demands protection from risk. Allianz said that it would acquire […]
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The European Union and Germany are collaborating with the Standards Organisation of Nigeria on a €24.5m energy efficient project. The project, which also involves the Ministry of Industry, Trade and Investment and the Ministry of Power, Works and Housing, will enable all the partners to work from all fronts to adjust imported electrical products and […]
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Russian President Vladimir Putin’s first meeting with US President Donald Trump will take place in Germany on Friday. Mr Putin’s foreign affairs adviser, Yuri Ushakov, said the two leaders will meet on the sidelines of the G20 summit being held in Hamburg, Russian news agencies reported. Mr Ushakov has previously said the pair are likely […]
Read More Over 90 foreign companies from 10 countries are participating in this year’s Nigeria’s 4 in 1 International Trade Expo, which holds in Lagos from July 13 to 15, 2017. According to the organiser, Elan Expo, it is the second edition of the International Trade Fair attended by 70 companies from across the globe last year. […]
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Global funds transfer company, Western Union Company (NYSE: WU), has announced that it has further strengthened its global digital money transfer footprint, with the activation of its 40th wu.com transactional website, now providing full digital access for cross-border person-to-person (P2P) money transfer services across major developed nations including the US, Canada and major parts of […]
Read More The German economy grew by 0.6 percent in the first quarter of 2017, driven by higher investment in construction, machinery and equipment, robust household and state spending as well as strong exports, the Federal Statistics Office said on Friday. The GDP growth figure for the first three months of the year was in line with […]
Read More Germany has deported to Nigeria, an alleged Islamic extremist, an ISIS suspect, deemed dangerous by authorities. He is a German citizen, not Nigerian. The German news agency, dpa reports that the 22-year-old man, who was born in Germany and who hadn’t committed a crime, arrived in Lagos Thursday. The unidentified man was one of two […]
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