Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
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Telegram to get $300 mn in partnership with Musk's xAI
Telegram established a partnership with Elon Musk's xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram's CEO announced Wednesday.
Longer flight delays without compensation? EU plan divides
The EU is considering allowing airlines to incur longer flight delays without having to compensate passengers in a move that has consumer groups up in arms and is dividing member states. It would also have stripped about 75 percent of passengers of the right to compensation, said Europe's BEUC umbrella consumer rights group.
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FG clarifies plans to borrow $21.5bn, names prospective lenders
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German court sets climate precedent but rejects Peruvian farmer's claim
A German court on Wednesday rejected a climate case brought by a Peruvian farmer against energy giant RWE, but set a potentially important precedent on polluters' liability for their carbon emissions. The court, however, rejected Lliuya's claim against RWE, saying there was "no concrete danger to his property" from a potential flood.
FIRS introduces new platform for oil and gas, other firms to pay taxes, sets to begin e-Invoicing
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CBN sells dollars to Access, Zenith, UBA, others at new rates as naira reverses gain
The Central Bank of Nigeria (CBN) has intervened again in the FX market, selling $50 million to authorised dealer banks as the naira depreciated in the FX market.
Asian stocks rally fades as Japan debt sale disappoints
Asian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields. Bonds yields rise and prices fall when demand is weak.
Jeep owner Stellantis names Italian Antonio Filosa as new CEO
Auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, on Wednesday named company veteran Antonio Filosa as its new chief executive officer as the US-European group navigates US tariffs and slumping North American sales. Filosa, who has previously served as chief executive of the Jeep brand, was promoted to the role of chief operating officer for the Americas region in December.
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