Nigeria adopts cash payment for petrol imports
16 June 2023 | 1:48 pm
The Nigerian National Petroleum Company says it will start paying in cash for petrol imports as it ends the direct sale direct purchase contracts with foreign refiners. Kola Karim, the CEO of Shoreline Group, joins CNBC Africa for this discussion.
February 21, 2024
4 days ago
Residents of Grünheide near Berlin have voted against expansion plans for the large Tesla facility there. But the vote is not binding and local authorities can still decide. Turnout was high, though, indicating interest.
The government will unveil its latest economic forecasts for 2024 on Wednesday, with media reports suggesting a sharp downgrade to a mere 0.2 percent growth. In its autumn projections, the government was still expecting output to expand by 1.3 percent.
3 days ago
California-based chipmaker Nvidia showed with its latest earnings call that there is still room to grow, with revenue for the last quarter of 2023 surging 265 percent over the year to $22 billion and forecast to keep rising. In this edition of Business Daily, we take a look what Nvidia's success has been built on, and the potential challenges it could face moving forward.
2 days ago
On January 6, the US aviation regulator FAA ordered the temporary grounding of certain Boeing 737-9 MAX aircraft operated by US airlines or in US territory, affecting 171 planes.
14 hours ago
As shoppers await price cuts, retailers like Home Depot say their prices have stabilized and some national consumer brands have paused price increases or announced more modest ones. Yet some industry watchers predict deflation for food at home later this year.
4 hours ago
Palestinian Authority PM Mohammad Shtayyeh resigns
5 hours ago
The technological and economic feasibility of CCS is central in the conversation around "abated" production. Given the challenges that the technology has faced, limiting its use and efficacy to date, it is clear that CCS is not able to abate emissions from fossil fuels sufficiently.
5 hours ago
Agriculture ministers from around the European Union are gathering in Brussels this Monday to discuss ways to address demands of protesting farmers. In today's Business Daily, we look at some of the proposals put forward by the EU Commission to make things easier for farmers. Also in this edition, FRANCE 24's Emerald Maxwell takes a look at a type of online scam called "pig butchering", where users of dating websites fall for fake crypto investments.
7 hours ago
However, in recent decades the country has also begun coming to terms with some of its colonial-era atrocities, including in Tanzania and Namibia. Germany's mass killings of Nigeria's Indigenous Herero and Nama people in the early 1900s has been referred to by many historians as the first genocide of the 20th century.
7 hours ago
As the country gears up for its first elections since 2020, human rights activists have said the conditions for a democratic vote do not exist in Belarus. The regime is doing its utmost to keep voters under its control.
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