It was another tragedy in the south-south as a prominent outspoken politician and popular APC chieftain died, a day after the demise of Senator Peter Nwaoboshi.
The Federal Government has launched YouthCred, a new scheme allowing Nigerian youths aged 18–39 to access loans up to N5 million with flexible repayment terms.
EU reassurances over its plan to use frozen Russian assets to help fund Ukraine have failed to quell worries about the untested scheme, the organisation holding most of the funds told AFP. "We've made very, very clear that we still have concerns," Guillaume Eliet, chief risk officer at Brussels-based clearing house Euroclear, told AFP in an interview.
International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry's trade association said on Tuesday. Global passenger numbers this year are expected just shy of the five-billion figure, at 4.98 billion, up from 4.77 billion in 2024 the previous record figure. tq/jh/tw
Greece's government was on Tuesday scrambling to keep angry farmers from blocking key infrastructure after airports were occupied on Crete in a growing nationwide protest for agriculture funds. On Monday, farmers on the island of Crete broke through police lines and occupied the main airports of Heraklion and Chania, forcing several flights to be cancelled or rescheduled.
The EU announced Tuesday it had opened a probe to assess whether Google breached antitrust rules by using content put online by media and other publishers to train and provide AI services without appropriate compensation.
The Central Bank of Nigeria (CBN) has taken a bold step in the foreign exchange market, injecting $100 million to stabilise the naira as demands resurges.
German exports almost stagnated in October, official data showed Tuesday, as heavy declines in shipments to the United States and China eclipsed growing trade with the rest of Europe. Shipments to the United States -- Germany's top export market -- plummeted almost eight percent as the effect of tariffs continues to exact a heavy toll.
The Central Bank of Nigeria (CBN) has directed commercial banks to exempt dollar accounts on its newly implemented withdrawal limits on bank accounts.
Most stocks fell in Asia on Tuesday as investors grow nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week. However, the excitement has calmed in recent days and Bloomberg reported that markets are pricing two more reductions next year, down from the three expected last week.
At a Christmas market outside the US capital, festive cheer alone hasn't been enough to drive affordability worries out of shoppers' minds -- as American households contend with creeping inflation this holiday season. His plans underscore the affordability pressures that American households are facing, with dissatisfaction mounting over costs of living.
Economy
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