President Bola Tinubu has ordered the withdrawal of police officers currently providing security for Very Important Persons, VIPs in the country.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Asian fast-fashion giant Shein said Wednesday it had picked France to open its first permanent physical stores in November. "This alliance is more than just a launch -- it's a commitment to revitalise city centres across France, restore department stores and create opportunities for French fashion," Shein said.
Facebook owner Meta on Wednesday defended its advertising model in a 550-million-euro trial in Spain over alleged breaches of EU data protection rules brought by more than 80 Spanish media organisations. The association launched a lawsuit alleging unfair competition in digital advertising sales and is seeking 551 million euros ($647 million) in compensation.
Britain's Labour government plans to permanently ban fracking, a highly controversial method of extracting fossil fuels, due its environmental impact, Energy Secretary Ed Miliband said Wednesday. "Let's ban fracking," Miliband told the Labour party conference in Liverpool.
An independent appeals body tasked with resolving disputes between social media platforms and EU users on Wednesday criticised a lack of cooperation from digital platforms, especially YouTube. A YouTube spokesperson countered that "ACE has not put in place the privacy safeguards necessary for us to share the user data they need to resolve disputes about content moderation decisions".
The EU will propose cutting steel import quotas and significantly increasing tariffs on the metal from abroad, the bloc's industry chief Stephane Sejourne told the sector on Wednesday, mirroring US moves.
The Nigerian foreign exchange experienced a massive dollar inflows, which hit almost $1 billion, leading to the naira crossing the N1,500 per dollar barrier.
Thousands of Greek workers prompted large-scale disruption during a 24-hour general strike on Wednesday, protesting against the conservative government's plans to introduce a 13-hour work day. - Fragile economy - The bill, which has not yet been submitted to parliament, allows staff to work 13 hours a day for the same employer under exceptional circumstances, for extra pay.
A Spanish court opened a trial on Wednesday over a 550-million-euro lawsuit brought by more than 80 Spanish media organisations against Facebook owner Meta for allegedly breaching European Union data protection rules. Spanish radio and television stations have launched a separate lawsuit against Meta for the same reasons, seeking 160 million euros in damages.
The chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, has revealed that the Nigerian government has exempted three new sectors from VAT.
Economy
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