It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
Economy
Most viewed
Popular
-
White House says Canada 'caved' to Trump on tech tax
-
EPA employees accuse Trump administration of 'ignoring' science
-
US judge orders Argentina to sell 51% stake in oil firm YPF
-
FG invites Nigerians to apply for N50k for their business, releases link
-
FG rolls out nationwide livestock empowerment programme, targets 1000 youths per state
Economy Latest News
US judge cancels planned Boeing trial over 737 crashes
A US federal judge on Monday cancelled the planned trial of US aviation giant Boeing over crashes of its 737 MAX aircraft that left nearly 350 people dead. The case dates to a January 2021 Justice Department agreement with Boeing that settled charges that the company knowingly defrauded the Federal Aviation Administration during the MAX certification.
Swiss glacier collapse could cost huge sums: insurers
The dramatic collapse of Switzerland's Birch glacier, which wiped out a village, is an unprecedented disaster likely to cost hundreds of millions of dollars, the Swiss Insurance Association said Monday. On Wednesday, the Birch glacier collapsed, sending scree, ice and mud hurtling down into the Lotschental valley in Switzerland's southern Wallis region.
As Tesla stalls across Europe, sales rise in Norway
Tesla sales have rebounded in Norway this year, official figures showed Monday, bucking a broader European trend as consumers turn away from Elon Musk's electric car brand. "Looking at Tesla sales in Norway in May and for the year so far, we stand out from the rest of Europe, where sales of this brand have seen a noticeable decline," OFV director Oyvind Solberg Thorsen said in a statement.
Amazon price rules anti-competitive: German regulator
Amazon's pricing rules are an abuse of its market power, Germany's competition watchdog said Monday, paving the way for possible demands for changes to its business practices in Europe's biggest economy. Germany's cartel office began investigating Amazon's pricing rules in November 2022. vbw/sr/rl
EU hits food delivery company Delivery Hero with 329 mn-euro-fine
The EU on Monday slapped German food delivery company Delivery Hero and its Spanish subsidiary Glovo with a fine worth 329 million euros ($376 million) after they violated antitrust rules. Delivery Hero will have to pay a fine worth 223 million euros, while Glovo must pay around 106 million euros, the commission said.
Stocks, dollar decline as Trump ups steel tariffs
Stock markets and the dollar recoiled Monday after President Donald Trump announced he would double US tariffs on global steel and aluminium, and accused China of violating a deal to slash tit-for-tat levies. China on Monday said it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up.
Jonathan Anderson named Dior's first men's and women's designer
French fashion house Dior named Northern Irish designer Jonathan Anderson on Monday as the first-ever creative director for both its women's and men's collections. "It is a great honour to join the House of Dior as Creative Director of both women's and men's collections," Anderson said in the company statement.
Dangote compares Nigeria's new petrol price to West African countries, confirms the cheapest
Aliko Dangote, President of the Dangote Group has shared the vision of its refinery to the Economic Community of West African States Commission (ECOWAS).
Jonathan Anderson becomes Dior's overall artistic director
Jonathan Anderson will become the first designer to head both the women's and men's lines at Dior, the French fashion house's parent company said on Monday. The Northern Irish designer was named as head of the women's line, LVMH said in a post on social media, following last week's departure of Italian peer Maria Grazia Chiuri.
Economy
Load more