The presidency has explained why President Bola Tinubu retained some service chiefs while reacting to the reports of the alleged military coup plot by some generals.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
Consulting giant McKinsey & Company will pay $650 million to settle US criminal charges that it collaborated with Purdue Pharma to intentionally misbrand opioids, worsening a public health crisis, officials announced Friday.
Hundreds of staff at London's luxury department store Harrods will walk out just days before Christmas, a union said Friday, in a row over pay and working conditions.
The Federal Inland Revenue Service is seeking the collaboration of security agencies in Nigeria to boost tax collection and revenue generation nationwide.
The UK, Italy and Japan on Friday launched a joint venture to develop a supersonic next-generation fighter jet by 2035, replacing the Eurofighter Typhoon.
Moldova's parliament approved Friday a 60-day state of emergency as an expected cut of Russian gas to the power station that supplies a majority of its electricity could trigger blackouts. That will cut supplies to Transnistria and its Cuciurgan power plant, which provides 70 percent of Moldova's electricity.
Germany's central bank on Friday sharply downgraded its growth forecasts for next year and 2026, predicting a prolonged period of weakness for Europe's biggest economy as it battles multiple headwinds. For 2026 it forecast growth of 0.8 percent, down from a 1.4 expansion expected previously.
UK postal operator Royal Mail has been fined £10.5 million ($13.3 million) for delays in delivering mail for the 2023/2024 financial year, Britain's communications regulator Ofcom said Friday. Britain's communications regulator has previously proposed that Royal Mail cut delivery to five days a week, or even just three days, potentially saving the company hundreds of millions of pounds.
Britain's economy shrank for the second consecutive month in October, official data showed Friday, dealing a blow to the Labour government that has made economic growth a priority. Analysts have attributed part of the decline to uncertainty after the Labour government warned of "tough" measures in its budget at the end of October.
The Nigerian currency, the naira, gained in all segments of the foreign exchange markets on Thursday, December 12, 2024, after pausing briefly in the EFEMS.
Economy
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