Economy
Private spaceship bound for the Moon, in test for US industry
A private US spaceship was bound for the Moon on Thursday, where it will attempt to land near the south pole and carry out experiments that pave the way for the return of American astronauts later this decade.
CBN gives new instruction to Zenith, GTB, Access, others on dollar payment for travel, business
Nigerian banks have been directed by the Central Bank of Nigeria to cease giving cash payments to clients for personal and business travel and allowances.
Prices of rice, garri, other food items to rise as inflation hits highest, naira falls
Nigeria's headline inflation has risen to a 17-year-high for January 2024 at 29.90% as food inflation, transport, clothing and other items contribute
US retail sales slump more than expected in January
Retail sales in the United States fell more than analysts anticipated last month, bogged down by weak auto sales and lower gas prices, government data showed Thursday. Excluding the auto sector, retail sales fell 0.6 percent in January from December -- a development analysts attribute to higher rates on loans and the unwinding of pent up demand after supply chain problems were resolved.
Tractors gather in central Madrid in farmers' protest
Spanish farmers kept up their protests over the sector's troubles on Thursday, with tractors parked outside of the agriculture ministry in central Madrid before a meeting with Agriculture Minister Luis Planas.
IEA warns on plummeting oil stocks
The International Energy Agency warned Thursday of plummeting oil stocks even as global growth in demand loses momentum. "Global observed oil stocks plummeted by about 60 mb (million barrels) in January, preliminary data indicate, with on-land inventories falling to their lowest level since at least 2016," the IEA said in its latest monthly oil market report.
Brazil quake city families seek justice in Dutch court
Residents from a Brazilian city devastated by earthquakes caused by salt mining went to a Dutch court Thursday, seeking justice and compensation they say is impossible in Brazil. Once a city of one million people, life in Maceio has been upended by earthquakes in 2018 attributed to salt mining and subsequent cracks in streets and buildings.
Airbus posts 11 percent profit drop for 2023
European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings. Revenues at Airbus Defence and Space increased two percent, But profits at the space division fell 40 percent to 229 million euros because of a one-off 600 million charge.
After CBN, FAAN, another FG agency relocates staff to Lagos, management gives reasons
The Nigerian Upstream Regulatory Commission (NUPRC) will be relocating some of its staff from Abuja to Lagos and management has provided explanation.
Economy
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