After the Kwara state church attack, the police and the DSS made arrests as investigations continue. Authorities provided key updates on Friday, November 21.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries' response to global warming. - Money matters - Under the Paris Agreement, wealthy developed countries -- those most responsible for global warming to date -- are obligated to pay climate finance to poorer nations.
Britain's grocery watchdog on Friday launched an investigation into whether online retail giant Amazon made late payments to food suppliers. That made it subject to industry rules that ensure Britain's largest retailers -- those with an annual grocery turnover above £1 billion ($1.3 billion) -- treat suppliers fairly.
Since 2019, Nigerian commercial banks and the telecom companies have haggled over the payment of the USSD fees, but this comes to an end as over 95% has been repaid.
French prosecutors have requested two years behind bars for an employer in the champagne sector accused of human trafficking, exploiting seasonal workers and housing them in appalling conditions during the 2023 grape harvest.
Minister of Solid Minerals, Dele Alake, has confirmed that the government will be launching four lithium processing plants worth over $800 million in 2025.
Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive. Russia's gross domestic product (GDP) growth slowed to 1.4 percent year-on-year in the first quarter, the lowest quarterly figure in two years.
Nigerians may grapple with higher taxes before the end of 2025 due to the tax reform bills, approved telecom and electricity tariff hikes, and another tax raise.
The Central Bank of Nigeria (CBN) has updated the foreign exchange rate after selling $41 million to authorised dealers in the FX market to stabilise the naira.
The European Union on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts."
Economy
Load more