Nigeria stocks lower at close of trade

Jack Dorsey has defended Twitter's decision to ban Donald Trump over his role in inciting violence offline. He added that such a move has "real and significant ramifications."

The CEO of Robinhood, a Reddit influencer and Wall Street hedge fund managers have all faced a grilling from US lawmakers over the recent frenzy around GameStop. The House Financial Services Committee asked six key witnesses whether the extreme volatility in the shares last month, which rose almost 2,000 percent in a short space of time, exposed questionable market practices and potential conflicts of interest. But first, Renault booked a net loss of €8 billion for 2020 as global car sales dropped by more than a fifth, although the situation recovered strongly in the second half of the year.

The CEO of Apple took the stand to reject a lawsuit filed by Epic Games claiming the tech giant is abusing its position with its online marketplace and claiming outsized commissions.

Commissioner of Police Lagos command Hakeem Odumosu revealed that more suspects have been apprehended as more clues are being unraveled into the murder of SuperTV CEO, Usifo Ataga.

Federal prosecutors in New York have said the Nikola founder and CEO "brazenly lied" to investors about the the company's green vehicles to inflate market value and drive up his earnings. The SEC has also filed charges.

Google CEO Sundar Pichai announces that the tech giant will invest $1 billion over the next five years to allow for faster and more affordable internet access and support entrepreneurship in Africa. Internet reliability is a problem in Africa where less than a third of the continent's 1.3 billion people are connected to broadband, according to the World Bank. But the continent, where nearly half the population is under 18, is a promising market.

The head of the Fairtrade Foundation says consumers, businesses and governments need a ‘reality check’ on the situation facing farmers in developing countries. CEO Michael Gidney speaks to FRANCE 24 ahead of the COP26 climate conference, where Fairtrade will be bringing a pledge for businesses. In this pledge, companies will promise to invest in more sustainable supply chains and provide guaranteed prices to farmers.

Former Danone CEO Emmanuel Faber has just attended the COP26 climate summit in Glasgow. Now a partner at the impact investor Astanor Ventures, he has long called for the private sector to play a greater role in the fight against climate change. "No one has stepped up enough at this stage. But people and companies are moving," he told FRANCE 24's Kate Moody.

Twitter co-founder Jack Dorsey is stepping down as chief executive of the company. He will be replaced by the current chief technical officer, Parag Agrawal, Twitter said. Mr Dorsey, who co-founded Twitter in 2006, has been serving as chief executive of both Twitter and payment firm Square.

This week, Twitter co-founder Jack Dorsey announced he was stepping down as CEO, and named Parag Agrawal, the company's chief technology officer, as his replacement.⁣ ⁣ Agrawal has played a key role in driving the "re-acceleration" of Twitter's growth and helped oversee its fledgling cryptocurrency initiatives and machine learning efforts, a possible nod to why the Indian-American may have been the top choice for the CEO position.⁣ ⁣

The robotics startup Exotec has become France's 25th unicorn company, valued at $2 billion after its latest fundraising round. The firm makes robots for e-commerce depots, and counts big names like Carrefour, Uniqlo and Decathlon among its customers. Exotec's CEO Romain Moulin told FRANCE 24 the inspiration for the company actually came from online retail giant Amazon.

The CEO of Kenya Airways Allan Kilavuka gives an update on efforts to turn around the airline's operations, which have been severely constrained by COVID-19 and a financial crisis that predates the pandemic.