The Nigerian government recently launched the $100,000 Creative Economy Development Fund, asking applicants and interested persons to apply via its website.
Economy
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France summons cryptocurrency businesses after kidnappings
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Sony logs 18% annual net profit jump, forecast cautious
Germany inaugurates IBM's first European quantum data centre
Chancellor Olaf Scholz on Tuesday inaugurated US firm IBM's first quantum data centre in Europe, saying Germany aims to be at the forefront of the revolutionary technology. Scholz hailed the data centre as "good news for Germany", adding that Europe's biggest economy needs such "key technologies".
European airlines extend suspension of Middle East flights
Top European airlines Lufthansa, KLM and Swiss announced Tuesday they were extending their suspension of flights to the Middle East, as tensions spiral throughout the region.
France's richest man takes control of Paris Match magazine
Paris Match, a glossy French weekly known for its celebrity exclusives on Tuesday became part of the media empire of France's richest man Bernard Arnault, after a stint under right-wing tycoon Vincent Bollore's ownership.
US dockworkers launch mass strike month before election
Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in action that could drag on the world's largest economy just ahead of the November presidential election. ILA members began picketing at 14 major ports on the East and Gulf coasts soon after the announcement.
October 1: 6 major economic issues affecting Nigeria since independence
As Nigeria celebrates its 64th independence anniversary, Legit.ng examines some of the major economic issues affecting the country in the last few decades.
Nigeria inspiring other African countries using biotechnology to solve food Security issues - expert
Jean Baptiste Tignegre has disclosed that other African countries are learning how to deploy biotechnology to drive food security on the continent
UAE oil giant ADNOC swoops on German chemicals firm Covestro
German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis. - Chemicals crisis - ADNOC's bid for Covestro comes while the challenges facing the Germany's energy-intensive chemicals industry show no signs of abating.
Eurozone inflation falls under 2% for first time since 2021
The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut. The slowdown in inflation comes after energy prices fell sharply by 6.0 percent in September, compared with a drop of 3.0 percent in August, Eurostat data showed.
Naira’s spot rate nears N1,700 per dollar in official window as turnover tumbles
Currency dealers in the official markets quoted the US dollar at a high of N1,691 per dollar and a low of N1,540 as the naira reversed its two-day gain.
Economy
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