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Volkswagen mulls plant closures and job cuts in Germany
Volkswagen mulls plant closures and job cuts in Germany

German automotive giant Volkswagen said Monday it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled. - 'Insufficient' - Volkswagen last year announced plans for a 10-billion-euro ($11-billion) savings programme and has flagged cuts to its workforce over the coming years to improve profitability.

State oil company’s 'financial strain' compounds Nigeria’s fuel shortage
State oil company’s 'financial strain' compounds Nigeria’s fuel shortage

Weeks of fuel scarcities in Nigeria are compounding a cost-of-living crisis, with the state-run oil company acknowledging "financial strain" was hampering supplies. "This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply," Soneye said in the statement.