Nigeria's 16th and current president, Asiwaju Bola Ahmed Tinubu, was on Friday, November 21, told to resign from his role. Legit.ng has the details.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
The director general of the BBC announced his resignation Sunday following a row over the editing of a documentary about US President Donald Trump. Tim Davie and the broadcaster's head of news, Deborah Turness, resigned after accusations that a documentary by its flagship Panorama programme had edited a speech by Trump in a misleading way.
The Nigerian currency, the naira, has finally caved in to global tensions, especially threats of military intervention by the US, falling by N15 against the dollar.
UPS said Friday that it had grounded its fleet of MD-11 cargo planes, after one of them was involved in a deadly crash in Kentucky this week. "Out of an abundance of caution and in the interest of safety, we have made the decision to temporarily ground our MD-11 fleet," UPS said.
France, Spain and Kenya are among a group of countries spearheading a drive at the COP30 climate summit for a new tax on luxury air travel, a source close to the matter told AFP. Rooted in the idea that a small elite of premium flyers should pay more for their outsized contribution to global warming, the proposal will likely pit them against the powerful aviation industry.
Norway has grown vastly richer after overtaking Russia as Europe's main gas supplier following the invasion of Ukraine, sparking calls in Oslo for the Scandinavian nation to use its colossal sovereign wealth fund to help Kyiv.
Greece on Friday hailed as "historic" a deal with US energy giant ExxonMobil that could see the country's first offshore drilling project in 40 years. In recent years, Greece has been investing heavily in both renewable energy and natural gas to reduce its dependence on lignite.
Nigeria's foreign exchange reserves is about to hit new high of $45 billion due to Nigeria's impressive outing at the international bonds market.
Brazil, the world's biggest exporter of chicken meat, on Friday welcomed China's move to lift a ban on imports of the product after an outbreak of bird flu earlier this year. Brazil said in June it was free of bird flu and would resume exports.
A leading German auto supplier said Friday it has received permission to export Nexperia chips from China again as Berlin welcomed signs of "de-escalation" in a row that has alarmed carmakers.
Economy
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