Economy
NNPC commissions 12 new stations for Nigerians to buy fuel priced at N200, shares locations
The Nigerian National Petroleum Company Ltd has commissioned another 12 new CNG stations in Abuja and Lagos that will help reduce transportation costs.
Kinshasa, a megacity of traffic jams, potholes, transit chaos
Cable car, urban rail link or ring road -- Kinshasa has big plans for alleviating its traffic chaos but for now, travelling into the megacity remains a daily headache for millions of people. The cable car could provide a "small solution" to the city's traffic woes, Ndaka added -- but there is still one problem with the idea.
Asian markets down as traders eye US jobs report
Japanese markets started higher before seeing early gains erased on Friday with Tokyo's benchmark Nikkei 225 index briefly hitting a record high, as traders prepared for a key US jobs report. Investor sentiment was also lifted Thursday as softer US labour market data gave the Federal Reserve room to cut interest rates, with another key jobs report due Friday.
Switzerland tries to flatten out peaks of Alpine visitors
Switzerland's tourism agency said Thursday that it was trying to even out the flow of holidaymakers throughout the year to protect the Alpine country from the risks of excessive tourism. Switzerland Tourism nonetheless wants to be proactive in protecting a sector that generates 43 billion francs ($48 billion) a year and 4.5 percent of the country's GDP, according to Nydegger.
FG gives update on debt servicing payment to China, World Bank, IMF, others, gets new loan approval
The minister of finance and coordinating minister for the economy has provided an update on Nigeria's debt service payment as well as the country's ways and means.
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
Again, naira crosses new threshold in official market as gap between official, parallel markets widen
The naira again hit a threshold at the official and parallel markets on Wednesday, June 3, 2024, trading at N1,512 per dollar and N1,520, respectively.
China's BYD opens EV plant in Thailand despite slowdown, tariff row
China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.
Asian stocks extend gains, dollar dips as US data builds on rate hope
Asian equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.
Economy
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