The immediate past Chief of Defence Staff (CDS), Retired Gen. Christopher Musa, has broken his silence after he and others were sacked by President Bola Tinubu.
Italy's foreign minister called on the European Central Bank on Friday to reduce interest rates to weaken the euro, warning its strength was hurting his country's exporters.
The key steps taken by the Central Bank of Nigeria (CBN) have helped to stabilise the naira against the dollar and increase Nigeria's foreign exchange reserves.
A Milan prosecutor on Monday said that Meta, the parent company of Facebook and Instagram, owes more than 887 million euros in value added taxes on estimated revenue it generated in Italy between 2015 and 2021.
UK finance minister Rachel Reeves advocated Monday for "more normal trading relations" with the European Union, as she became the first British chancellor since Brexit to attend a meeting of eurozone counterparts.
China on Monday launched an investigation into US chip giant Nvidia for allegedly violating its anti-monopoly laws, a top government agency said, as the two countries race for global chipmaking dominance. The US government in 2023 restricted Nvidia from selling some of its top AI chips to China, which the US sees as a strategic competitor in the field of advanced semiconductors.
The introduction of the Electronic Matching System by the Central Bank of Nigeria has enabled the naira to gain against the US dollar in the foreign FX markets.
Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential services to millions of people without access to banking, particularly in hard-to-reach rural areas.
Air India has placed an order to buy 100 more Airbus aircraft, the Tata Group-owned carrier said Monday, in a deal aimed at bolstering its fleet and winning over flyers. Since taking over the former national carrier in 2022, the sprawling Tata Group conglomerate has sought to turn around the loss-making airline by ordering new aircraft and upgrading its existing fleet.
Thousands of Volkswagen workers walked out on Monday in the second round of strikes in the escalating conflict between unions and management over the German carmaker's drastic savings plans. The walkout was timed to coincide with the latest round of negotiations between unions and management over VW's savings plan.
Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. "Next year we should... implement a more active fiscal policy and an appropriately relaxed monetary policy," they added.
Economy
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