Items filtered by date: Tuesday, 30 July 2019
Super Eagles head Gernot Rohr has clarified the reports concerning his contract with the Nigeria Football Federation (NFF).
 
In the aftermath of the Eagles’ third-place finish at African Cup of Nations in Egypt, there were reports that the Nigerian football governing body was unsatisfied with the performance of the team, but were held back from sacking the Franco-German tactician due to the $1m compensation in his contract.
 
Reacting to the reports, the former Burkina Faso boss said that the Amaju Pinnick led NFF board has the right to fire him and added that the buy out clause in his contract is far below $1m.
 
”I was shocked when I read that the NFF can’t part ways with me if they are no longer satisfied with my services because of the $1m buy out clause in my contract which is not true. The NFF has the right to ask me to go and I have the right to say am done with the Super Eagles job.”
 
However, he failed to rule out the possibility of dumping the Nigerian senior national team, after confirming he has received offers from several African countries.
 
Rohr was hired in 2017 and his current deal expires in June 2020.
 
Published in World
A crude oil processing facility acquired by Dangote refinery has set sail from China, Sinopec Corporation said on Monday.

With a projected capacity of 650,000 barrels per day, the Dangote Refinery is expected to be the world’s biggest single-train facility upon completion in 2020.

The multi-billion dollars refinery will produce various petroleum products including Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

“On July 29, the world’s largest atmospheric tower built by Sinopec slowly left a wharf in Ningbo. Following the Maritime #SilkRoad, it will travel to #Nigeria and be installed at the world’s biggest single-train facility – Nigeria’s Dangote Refinery,” Sinopec tweeted on its verified account.

In July 2017, major structural construction began, and Dangote estimated that the refinery would be mechanically complete in late 2019 and commissioned in early 2020.

According to Reuters, citing sources familiar with the project, construction was likely to take at least twice as long as Dangote publicly stated, with partial refining capability not likely to be achieved until 2022.

An associated project at the site of the refinery, a urea fertilizer factory, is scheduled to begin operation in late 2018 and produce about three million tons of urea annually.

Published in Business
South Africa’s unemployment rate in Q2 2019 grew by 1.4% to 29%, Statistics South Africa said on Tuesday. The figure is the highest unemployment rate in the country in more than a decade. The highest level was 29,3% in March 2003
 
In real terms, 6.7-million people in South Africa’s 23-million strong labour force were without a job in Q2 2019.
 
Just 16.3-million were employed. 2.7-million people were regarded as “discouraged work seekers”. so this figure could be even larger depending on how you describe “unemployment”.
 
South Africa’s “expanded” unemployment rate — factoring in said discouraged work seekers and those with other reasons for not seeking jobs — sits at 38.5%.
 
In the same Q2, 21 000 more people were employed than in Q1.
 
The informal sector contributed to 114 000 more jobs in Q2 2019, but employment in private households and the formal non-agricultural sectors plummeted by just under 100 000.
Published in World
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