President Bola Tinubu's administration has been notified of another nationwide protest in Nigeria. The date and reason for the development has been revealed.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition. Nedeljkovic currently oversees the group's factories worldwide, which produce both electric and combustion engine models on the same production lines.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
EU reassurances over its plan to use frozen Russian assets to help fund Ukraine have failed to quell worries about the untested scheme, the organisation holding most of the funds told AFP. "We've made very, very clear that we still have concerns," Guillaume Eliet, chief risk officer at Brussels-based clearing house Euroclear, told AFP in an interview.
International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry's trade association said on Tuesday. Global passenger numbers this year are expected just shy of the five-billion figure, at 4.98 billion, up from 4.77 billion in 2024 the previous record figure. tq/jh/tw
Greece's government was on Tuesday scrambling to keep angry farmers from blocking key infrastructure after airports were occupied on Crete in a growing nationwide protest for agriculture funds. On Monday, farmers on the island of Crete broke through police lines and occupied the main airports of Heraklion and Chania, forcing several flights to be cancelled or rescheduled.
The EU announced Tuesday it had opened a probe to assess whether Google breached antitrust rules by using content put online by media and other publishers to train and provide AI services without appropriate compensation.
The Central Bank of Nigeria (CBN) has taken a bold step in the foreign exchange market, injecting $100 million to stabilise the naira as demands resurges.
German exports almost stagnated in October, official data showed Tuesday, as heavy declines in shipments to the United States and China eclipsed growing trade with the rest of Europe. Shipments to the United States -- Germany's top export market -- plummeted almost eight percent as the effect of tariffs continues to exact a heavy toll.
The Central Bank of Nigeria (CBN) has directed commercial banks to exempt dollar accounts on its newly implemented withdrawal limits on bank accounts.
Economy
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