Economy
Private industry leads America's first Moon landing since Apollo
The first American spacecraft to attempt to land on the Moon in more than half a century is poised to blast off early Monday -- but this time, private industry is leading the charge. Controlled touchdown on the Moon is a challenging undertaking, with roughly half of all attempts ending in failure.
EU Council President Michel says to step down early
Belgian politician Charles Michel has announced he will step down early as European Council president after he runs in the European Parliament elections set for June. He said he would head the list of the liberal Reformist Movement (MR) party, of which he is a former leader, in the European Parliament elections and step down as Council president in July.
“We have started already”: FG moves to bring down food prices in 2024 as one bag of rice hit N95k
The federal government has initiated its strategy to address the increasing food prices nationwide, spurred by recent data indicating the burden on Nigerians.
US regulator orders inspections on some Boeing MAX 9 planes after emergency
The US air safety regulator announced Saturday it was grounding and ordering inspections on some Boeing 737 MAX 9 airplanes a day after a window panel blew out of one of the aircraft over the state of Oregon.
Over 112,000 Nigerians benefitted from Tinubu's 50% transport fare reduction initiative
Luxury bus owners in Nigeria have stated that hundreds of thousands of Nigerians benefitted from FG's 50% transport rate initiative during the festive season.
"Clearing backlogs": $2.2bn dollar Afreximbank loan lifts Nigeria’s external reserve, reverses naira's loss
Nigeria's foreign reserves increased by $0.13 billion, or 0.39 percent, in 2024 after $2.25 billion infusion from African Import-Export Bank (Afreximbank).
FG to extend loan repayment to CBN, converts N7.3 trillion apex bank loan into debt
President Bola Tinubu's proposal to securitize the outstanding N7.3 trillion Ways and Means, government's borrowing from the CBN, has been granted by the Senate.
Good news: Customs begins implementation of FG plans to crash cooking gas price in 2024
Federal government's move to reduce the price of Liquified Petroleum Gas, also known as cooking gas, is a big relief Nigerian households are paying more.
Global maritime trade sails into geopolitical storm
International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge. - Taiwan elections - Attacks in the Red Sea are not the only ones disrupting international trade.
Economy
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