The Nigerian government has asked for the speedy implementation of the Presidential Food Coordinating Unit (PFSCU) to accelerate provision of N250bn loan to farmers
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira gains massively as Nigeria’s external reserves hit $41.7 billion
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FG suspends 4% FOB Customs charge after backlash, import costs to Drop
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US imports from Nigeria crash by 41% as Trump's tariff escalates trade tensions
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Asian markets plunge with Wall St after Nvidia rout, weak US data
Tech firms led a plunge across Asian markets Wednesday after a rout on Wall Street fuelled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears. That led Asian markets deep into the red.
Coal generates less than 50% of Australian electricity for first time
Coal generated less than 50 percent of Australia's electricity in the last week of August, dropping to a record low as renewable production surged, data showed Wednesday. According to market monitor Open-NEM, coal generated 49.1 percent of the country's electricity, while renewables accounted for 48.7 percent as storms boosted wind production.
Eco-friendly French cargo ship revives sail power
A French ship navigating past New York City to harbor laden with Champagne, Cognac and jam under sail might recall a long-forgotten age of wind navigation. But with the Anemos, the world's largest cargo sail ship, a French company is seeking to revive the eco-friendly and cost-effective technology to become a regular fixture on the high seas once again.
UK announces record green energy auction
The UK on Tuesday said it had awarded a record 131 new green infrastructure projects in a single auction, including plans for Europe's two biggest offshore windfarms. The auction awarded contracts for nine new offshore wind projects, including for what will be Europe's largest and second largest windfarms, Hornsea 3 and Hornsea 4 off the Yorkshire coast in northern England.
Turmoil in Italy over plan to hike tourist tax
Overtourism, which is already causing headaches from Venice to the Italian Riviera, risks costing travellers dearly as Rome considers hiking the tourist tax to make them "more responsible" -- and raise cash.
Vegan Nutella to hit European shelves
Food giant Ferrero on Tuesday announced the imminent launch of a vegan version of its popular hazelnut spread Nutella in Italy, France and Belgium, saying the move was in response to changing consumer tastes. "No compromises" were made concerning the taste of Nutella, launched 60 years ago and marketed in around 170 countries, the Italian company said.
French lawmakers warned of ballooning budget deficit risk
The public deficit in France is at risk of reaching 5.6 percent of GDP this year and even 6.2 percent in 2025, the finance ministry has warned, as a political crisis rumbles on.
Cathay says 15 Airbus planes need new engine parts after fleet-wide inspections
Hong Kong carrier Cathay Pacific said Tuesday that 15 of its Airbus A350 jets needed new engine parts after inspecting its entire fleet, which was grounded following a "first of its type" engine component failure.
CBN crashes dollars for importers to clear goods as largest container terminal opens in Onne
The Central Bank of Nigeria (CBN) has adjusted the Customs exchange rates for cargo clearance in Nigeria's ports, despite naira's crash in official market.
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