It looks as if some fairly senior people from ENI/Agip are being prosecuted over payments via former oil minister Dan Etete made during the Sani Abacha era. Strangely, Shell who were in a joint venture with ENI for the Malabu field, are not being prosecuted
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ENI Payments used to bribe Nigerian officials
Nigeria Air Force officers are disputing a claim made by Boko Haram leader Abubakar Shekau that they shot down the NAF Alpha jet which went missing 3 weeks ago. BH have released a video showing a man, claimed to be the pilot of the Alpha jet being beheaded with an axe
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Now that the first Ebola case has been diagnosed in USA there are fears that a flight ban may be imposed on other West African countries, which could
The Ebola spread to the US has created fears that US aviation authorities could slap travel restrictions, which would signal a major crisis for African airlines struggling to make profits, analysts warned in a report on Thursday.
DaMina Advisors, an African political risk advisory service firm, warned that with the first US confirmed case of Ebola diagnosed in Texas and growing public pressure on the Obama administration to restrict US airline travel to West Africa, the financial viability of a number of already struggling domestic African airline carriers may be under threat.
Africa’s financially struggling airline industry, which supports over 7 million jobs and contributes US$80bn in Gross Domestic Product (GDP), may witness several financial insolvencies if the US and European Union impose travel restrictions to West Africa.
There are fears if the travel restrictions specifically target Nigeria, Ghana, Senegal and Cote d’Ivoire, the potential of crippling the region’s economy would increase.
“While a US and EU airline travel ban on flights from Guinea, Liberia and Sierra Leone may not materially affect the financial viability of the struggling West African airline companies, any flight bans on travel from larger economies of Nigeria, Ghana, Senegal and Cote d’Ivoire has the real potential of financially crippling several domestic African carriers and negatively impacting West Africa’s GDP for 2014,” DaMina warned.
African airline companies are severely hit by poor airport infrastructure, high costs of operations and high insurance premiums.
The business challenges make the airlines least profitable aviation companies globally, according to the International Air Transport Association (IATA).