Nigeria's 16th and current president, Asiwaju Bola Ahmed Tinubu, was on Friday, November 21, told to resign from his role. Legit.ng has the details.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
French energy multinational TotalEnergies and German energy group RWE have won a contract to built a large offshore wind energy project with a potential to supply the equivalent of one million households with electricity, the French government said Wednesday. By 2030 already, French wind energy is to produce the electricity needs equivalent of two million French households, the ministry said.
The Nigerian currency has continued its gains in the official and parallel markets, still trading below the N1,500 ceiling in the official window and gaining 0.08%.
An influential consumer rights association on Wednesday urged a court to ban the sale of Perrier bottled water in France, saying the brand's claim that its product is "natural" was misleading. The Swiss conglomerate had been already been under pressure over Perrier and its other brands as EU regulations strictly limit what treatments are allowed for any product marketed as natural mineral water.
Labour unions, including NUPENG and PENGASSAN, have rejected the proposed sale of critical national assets by the Nigerian government, especially NNPC oil assets.
Amazon plans to shut all its grocery stores in Britain, after the shops without checkout registers failed to compete with online delivery demand. It is set to completely shut 14 Amazon Fresh stores, and convert the remaining five into Whole Foods Market shops, the organic grocery chain it bought in 2017.
German Chancellor Friedrich Merz on Wednesday rejected claims his government was undermining the climate change fight, but insisted that industry also needed to be protected to revive the crisis-wracked economy. In a fiery debate in parliament marked by loud heckling from the opposition benches, the chancellor noted his critics claimed he was "undermining climate protection".
The Channel Tunnel's operator and train service Eurostar have expressed confidence that the European Union's much delayed new border-check system will run smoothly when launched next month. AFP journalists noted that some glitches remained ahead of the UK launch, with some Eurostar and Channel Tunnel scanners not operating smoothly. bur-bcp/ajb/lth
The federal government plans to continue borrowing despite the Federal Inland Revenue Service (FIRS) announcing an increase in revenue collection by 411%.
Embattled Australian telco giant Optus was hit with a $66 million fine on Wednesday over "appalling" sales conduct as the firm grapples with fallout from a network outage linked to several deaths. The outage prevented calls to emergency services, with four deaths now linked to the outage.
Economy
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