Nigeria’s top business news
13 June 2017 |
11:46 am
Nigeria's acting President Yemi Osinbajo has signed the country's 7.4 trillion naira 2017 budget into law, just over a month after the National Assembly passed the appropriation bill.
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1 day ago
Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.
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To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.
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The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
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The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
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The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.
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China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.
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The number of births and weddings in Germany has fallen to its lowest level in a decade, especially in the eastern part of the country.
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A team of experts commissioned by the French president warned against screen and social media use for children. Children under three years old should not have any screen time and up to age six it should be “strongly limited,” according to an expert panel commissioned by French President Emmanuel Macron.
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Georgia's Interior Ministry said 63 people were detained and six police officers injured in the latest night of protests against a controversial draft law.
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Legislators have been scrambling to repeal the law, which predates Arizona's statehood, since a 2022 Supreme Court ruling paved the way for its return. The vote was 16-14 and the state's governor will likely sign off.
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Finnair suspended flights to the Estonian city of Tartu after GPS signal interference prevented two planes from landing. Estonia and Lithuania have blamed Russia for jamming GPS signals in the region.
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