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OneWeb, which has its headquarters in the UK, filed for Chapter 11 bankruptcy protection in the US in March, after it was unable to secure financing. Bharti Global also will invest $500 million as part of the deal.
The Vice President, Prof Yemi Osinbajo, says Nigeria needs a national debate to address the issues around the size of government and cost of governance in Nigeria.
Latin America’s largest airline LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy protection in the United States.
Global satellite operator Intelsat filed for bankruptcy protection on Thursday, citing disruption from to its business from the virus pandemic, in a move aimed at restructuring its operations.
The deadline for South African Airways (SAA) staff to agree layoff terms has been suspended while a judge considers his ruling in a court case brought by two trade unions at the cash-strapped airline.
The Bundesliga will resume on May 15, the German league confirmed Wednesday, after Chancellor Angela Merkel and state leaders gave the green light to restart behind closed doors following weeks of shutdown imposed to control the spread of the coronavirus.
South African Airways could start shedding its 5,000 staff from May 12 if unions and workers do not accept a proposed severance deal, administrators trying to rescue the airline said on Sunday.
South African non-food retailer Edcon will file for a form of bankruptcy protection after the coronavirus pandemic has hammered sales, leaving it without money to pay creditors and suppliers, it said on Wednesday.
A South African court placed state-owned SA Express under “provisional liquidation” on Tuesday after the airline’s administrators said rescue efforts weren’t likely to succeed.
U.S. Senate Republican leader Mitch McConnell has come under fire of state governors following his suggestion that states whose finances are depleted by the coronavirus epidemic could declare bankruptcy.
South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds.
New York Governor Andrew Cuomo said on Thursday screening of 3,000 people found nearly 14% tested positive for antibodies for the novel coronavirus, suggesting that 2.7 million residents across the state may have been infected with the disease.
The South African government will work with unions to ensure that a new financially viable and competitive airline emerges from South African Airways (SAA) business rescue process, the Public Enterprises Ministry said on Tuesday.
RB Leipzig CEO Oliver Mintzlaff says he has received no contact from Liverpool or Bayern Munich regarding Timo Werner.
France is likely to see its deepest recession since the end of World War II this year because of the coronavirus crisis, Finance Minister Bruno Le Maire warned Monday.
The Nigeria Centre for Disease Control has ruled out elderly patients and those with severe symptoms from home care treatment for COVID-19.
Anambra State Commissioner of Police, Mr John Abang, has ordered the arrest of illegal task force teams claiming to be enforcing COVID-19 measures including wearing of face masks in the state.
Gov. Muhammad Badaru of Jigawa says the 96 megawatts capacity Gagarawa power transmission substation is set for inauguration in three weeks time.
The Presidency on Saturday said those who hold the belief that the ongoing investigation of the suspended acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, is an indication of the administration’s failing anti-corruption fight have missed the point.
Lola Cater for the Needy Foundation, an Abuja-based non-governmental organisation, has distributed some palliative materials to the People Living With Disabiluties (PLWDs) in Karamajiji, Abuja.
The Federal Road Safety Corps (FRSC) is planning to revamp operations of the mobile courts so as to instill discipline and quick dispensation of justice for traffic offenders in Rivers.
The Defence Headquarters says the troops of “Operation Whirl Stroke”, on Friday, eliminated two notorious bandits who had been attacking communities in Benue and Taraba.
Kenya’s President Uhuru Kenyatta announced on Monday a phased re-opening of the country from a coronavirus-induced lockdown, lifting restrictions in and out of the capital Nairobi and the coastal city of Mombasa.
Governor Bello Matawalle has secured the redeployment of 780 police personnel to the State when he met with the Inspector-General of Police, IGP Mohammed Adamu, who graciously approved the deployment of the personnel.
West Ham have been linked with a move for Michy Batshuayi.