
The Lagos state ban targets plastic materials below 40 microns, because they pose major environmental threats, clog the drainage channels and pollute the ecosystem.
The Lagos state ban targets plastic materials below 40 microns, because they pose major environmental threats, clog the drainage channels and pollute the ecosystem.
Poland's prime minister on Thursday hailed the progress made in talks with Ukraine on farm imports and border blockades by Polish farmers that had frayed ties between the neighbouring allies. Talks between ministers from both governments are also scheduled for Thursday, to discuss defence cooperation between the allies.
Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable". The company added it was in "ongoing" talks with industry regulator Ofwat over a plan that is "affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors".
UK greenhouse gas emissions fell by 5.4 percent in 2023, largely due to a reduction in the amount of gas used in power stations, according to official data published on Thursday. Gas use for electricity generation fell 21.1 percent in 2023, "primarily due to higher electricity imports from France, as well as UK electricity demand continuing to decline", said the report.
A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation. It was not immediately clear how much Mercedes might have to ultimately pay out, or how many vehicle owners may seek to claim compensation.
Poland's prime minister on Thursday hosted his Ukrainian counterpart for long-awaited talks designed to ease friction over Ukrainian farm imports and border blockades by disgruntled Polish farmers.
The Nigerian government spent about $5.3 billion in debt service from January to December 2023, according to new data from DMO, which says Nigeria now owes N97.38trn
Black market dealers have said there is no truth in the report that the naira has crashed below N1,300 in the black market, saying the reported crash is a hoax.
Commercial banks in Nigeria are expected to respond to the recent MPR hike by the Central Bank of Nigeria (CBN) to raise interests rates on savings accounts.
Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before. That comment came a week after the bank lifted interest rates for the first time in 17 years as it shifts away from its long-running ultra-loose monetary policy.
Economy
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