US-European auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, dropped its annual financial guidance on Wednesday due to uncertainty over US President Donald Trump's tariffs. But the company said it was "suspending its 2025 financial guidance...due to evolving tariff policies, as well as the difficulty predicting possible impacts on market volumes and the competitive landscape."
The chief financial officer of NNPC, claims that for the 7 months that ended in July, the government owed the business $4.9bn (N7.8 trn) in subsidy obligations.
A recent CBN data has shown how the Naira lost last week to close at N2035/£ to the british pound at the last trading day of the week, Friday, August 16.
The Nigeria Customs Service has said that rice imports via land borders still remain banned under the Customs Prohibition Act as the 150-day duty-free window begins.
The Kenyan government plans to raise about $1.2 billion by reinstating some unpopular taxes contained in a finance bill that was scrapped in the face of deadly street protests, a government minister said. Finance Minister John Mbadi told private station Citizen TV on Sunday that the government was considering about 49 tax measures to try to raise roughly 150 billion shillings ($1.2 billion).
Ringed by once-free beaches and green parks, Hungary's Lake Balaton has delighted generations of holidaymakers -- but now, locals warn, private developers are fencing off the sandy bays for rich visitors, with the nationalist government's blessing. "If this can be done here in Balatonfoldvar... then not a single beach in Balaton is safe," warned the head of the activist group, Karoly Herenyi.
Asian markets mostly rose Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech. Most Asian markets picked up the baton Monday.
Nigeria is using its domestic dollar bond market to make up for the infrastructure funding gaps, while the Eurobond market has not performed well.
Nigeria, which had intended to issue a Eurobond this year, has elected to postpone the offering and instead sell its first dollar bond on the local market.
The Central Bank of Nigeria (CBN) has reduced the exchange rates for import duty in Nigeria's ports as FG begins implementing 150-day import duty-free window.
Economy
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