Sanusi Lamido Sanusi has questioned Nasir El-Rufai’s prolonged detention, asking whether the case reflects Nigeria’s anti-corruption fight or a political battle.
Nigeria’s Skills-to-Jobs Initiative will train 300,000 young Nigerians, backed by $617.7 million, and aims to link 80% of trainees to jobs across the country.
The Nigerian currency, the naira, depreciated in the official and parallel markets on Wednesday, October 16, 2024, to trade at N1,700 and N1,659, respectively.
A long-awaited trial into whether Australian miner BHP is liable for one of Brazil's worst environmental disasters opens in London on Monday, potentially triggering compensation totalling billions of dollars. Vale has offered to share any compensation BHP ends up paying as a result of the London trial.
More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected. The five countries accounted for nearly half of the 1.1 billion poor people. af-nr/bjt/jgc
China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy. "An additional one million worn-out homes... will be renovated," he added.
European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates. "The ECB is on a path to cut interest rates at each one of the next five policy meetings," including Thursday's gathering, HSBC bank analyst Chris Hare said.
Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector.
Raytheon, a subsidiary of major American defense contractor RTX, will pay more than $950 million to resolve fraud and bribery charges, the US Justice Department announced Wednesday. Raytheon has "agreed to pay more than $124 million to resolve charges that it violated the Foreign Corrupt Practices Act," the SEC said. bur-elm-st/wd/des/md/des
Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.
The Central Bank has revealed that banks operating in the country have refunded about N7.05bn and $714,569.03 to customers following its intervention.
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