Economy
US orders Boeing 787 inspections after LATAM plane plunge
US regulators said Monday they ordered inspections of pilot seats on hundreds of Boeing 787 planes following a March flight in which the plane's sudden plunge led to passenger injuries. The move is in response to a March flight on a New Zealand-bound plane operated by LATAM Airlines that suddenly lurched downward while flying from Sydney to Auckland, injuring some 50 passengers.
FG reintroduces fuel subsidy, to pay NNPC trillions of naira debt from projected revenue
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.
No more N2,003/£: CBN quotes new exchange rate as Naira falls against British Pound
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.
Customs clarifies rice import via land borders as FG begins implementation of free import
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.
Kenya govt plans to reinstate some taxes to raise $1.2 bn
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).
Government cronies co-opt beloved Hungary lakeside, locals warn
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 get week off to largely positive start
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.
After successfully repaying debt to China, IMF, others, Nigeria moves to borrow from another source
Nigeria is using its domestic dollar bond market to make up for the infrastructure funding gaps, while the Eurobond market has not performed well.
FG makes move to stabilise naira, announces sale of $500 million dollar bond
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.
Economy
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