The naval officer who stood against FCT Minister Nyesom Wike has got Nigerians talking after a video of him addressing his men as the minister left emerged.
In October 2025, the Nigerian government launched a 12-month paid internship programme to provide training for the youth, with a N150,000 monthly stipend.
The United Nations said it held talks Monday with rival powers in Libya over the country's central bank crisis which has threatened vital oil income. The UN mission said the talks in the capital Tripoli "concluded with significant understandings" between the two sides "on ways to address" the bank crisis.
Analysts predict that following the CBN recent infusion of FX sales to BDCs, the value of the naira will stabilize at roughly N1,500 in the second half of the year.
The Central Bank of Nigeria (CBN) has unveiled its data on international payments, bordering on debt servicing in the first seven months of 2024.
German automotive giant Volkswagen said Monday it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled. - 'Insufficient' - Volkswagen last year announced plans for a 10-billion-euro ($11-billion) savings programme and has flagged cuts to its workforce over the coming years to improve profitability.
Weeks of fuel scarcities in Nigeria are compounding a cost-of-living crisis, with the state-run oil company acknowledging "financial strain" was hampering supplies. "This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply," Soneye said in the statement.
German automotive giant Volkswagen said Monday it could close production sites in Germany, as the auto industry struggles to manage rising costs.
The British government has said it will probe surge pricing after furious Oasis fans faced huge hikes in ticket prices for the Britpop band's much-anticipated reunion. However, with a limited supply of tickets, and huge demand for the Oasis reunion tour, fans slammed the practice as "greedy", "disgusting" and a "rip off".
Major stock markets mostly fell Monday as more weak Chinese economic data offset optimism over an expected US interest-rate cut. Elsewhere, focus remained fixed on by how much the Federal Reserve would cut US interest rates in September.
Africa faces a disproportionate burden from climate change and the costs of adapting, the World Meteorological Organization (WMO) said in a new report on Monday.
Economy
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