Nigerian President Muhammadu Buhari ended a four-day visit to the Netherlands on Wednesday, after voicing staunch backing for the International Criminal Court (ICC) and giving oil giant Shell a nod for a new $5 billion investment deal.
Nigeria’s new national airline will require initial capital of between $150 million and $300 million, and the government is seeking a strategic partner to operate the carrier, the government stated in a document seen by Reuters on Thursday.
Germany's SAP announced forecast-beating results on Thursday and raised its outlook as growth in its cloud business accelerated, with Chief Executive Officer, Bill McDermott, expressing confidence in its push into the sales software market.
Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the development lender to help the country finance its budget deficit, the finance ministry said on Thursday.
Oil prices were mixed on Thursday as the market struggled to digest signs of strong gasoline demand in the United States, the world's biggest consumer of the fuel, with a statement from oil producers that they are putting more crude on the market.
South African department store chain, Woolworths Holdings Ltd, warned on Thursday that annual profit would fall by up to 20%, hurt by "extremely" challenging trading conditions in its home market and Australia.