Economy
Four astronauts splash down after Axiom private mission
An all-European quartet of astronauts, including Turkey's first, splashed down off the Florida coast on Friday morning, completing Axiom Space's third private mission to the International Space Station. More recently, Hungary was reported by spacenews.com to be planning a $100 million deal with Axiom for a future mission involving one astronaut.
Opay, PalmPay, others process N46.6 trillion as list shows CBN-approved mobile money operators
Mobile money operators led by Opay, PalmPay and Paga processed over N46 trillion in 2023, showing the growing adoption of mobile money transactions in Nigeria.
Polish farmers protest Ukraine imports as govt weighs new bans
Polish farmers on Friday staged blockades at border checkpoints with Ukraine to protest competition from its neighbour as Warsaw hinted it could impose new import bans on Ukrainian agricultural products. Polish Agriculture Minister Czeslaw Siekierski told state radio on Friday that "complete" bans on imports could be imposed on other groups of products as well.
After many years, NNPC finally strikes deal with CBN on revenue management
The Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL) have agreed to set limits for the management of the oil firm's revenue.
Hermes celebrates record profit with staff bonuses
French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. The group said its 22,000 employees worldwide would get a 4,000-euro bonus early this year as part of "its policy of sharing the fruits of growth with all those who contribute to it on a daily basis".
EU states, parliament seek to seal deal on spending rules
EU states and lawmakers will hold final-stretch talks on Friday to try and strike a deal on budget reforms aimed at boosting investment while keeping spending under control. The reforms will be formally adopted after agreement between lawmakers and states.
Full list: World Bank predicts Borno, Kaduna, 5 others will face extreme food crisis in 2024
A World Bank report has predicted food crisis may occur in seven northern states of Nigeria including Adamawa, Borno and Kaduna in 2024. It also gave other details.
Holiday-hit Asian markets mixed, Wall St record fails to inspire
Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data. He said the healthy run of data on the economy -- particularly the labour market -- had given the bank time to become confident that the slowdown in inflation is assured.
US banking system 'well-capitalized' despite risks: Yellen
US Treasury Secretary Janet Yellen said Thursday that the country's banking system is "well-capitalized" even as some banks face stresses stemming from the commercial real estate sector. "There are some risks, and there are some institutions that will face stresses from commercial real estate," she said.
Economy
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