Three in four Nigerians of working age were employed by the end of March, according to data released by the country’s National Bureau of Statistics (NBS). This contrasts sharply with…
Category: Business News
France: Airport to be renamed after Queen Elizabeth II in tribute
An airport in France will be renamed in honour of Queen Elizabeth II after receiving permission from the King, officials in the town have said. Le Touquet, in northern France,…
USA: FTX founder Bankman-Fried living on bread and water
Sam Bankman-Fried is struggling to prepare for his fraud trial due to a lack of adequate food in prison, the lawyer for the founder of collapsed cryptocurrency exchange FTX says.…
USA: Bank fined £5.4m after energy traders used WhatsApp
Morgan Stanley has been fined £5.41m ($6.9m) after energy traders discussed business over WhatsApp on private phones. Regulator Ofgem said the bank breached rules requiring firms to record messages linked…
Kenya: Employee accused of stealing coffins from funeral home
A sales employee in Kenya’s capital, Nairobi, has been charged with the theft of two coffins and 26 coffin handles, according to local reports. Maureen Khikani, who was an employee…
South Africa: New members top the agenda as Brics nations meet
A summit of the Brics group of nations – Brazil, Russia, India, China and South Africa – is getting under way in Johannesburg. The Chinese leader Xi Jinping, who’s attending,…
Tanzania: Authorities warn the nation about widespread power cuts
Many parts of Tanzania are likely to experience power cuts because of a system error, the East African nation’s state power firm Tanesco has warned. An error in a gas-fired…
Lebanon: Central bank chief Riad Salameh steps down
Lebanon’s central bank chief has stepped down as planned after 30 years, leaving the country facing an almost total collapse of its economy. Riad Salameh is widely blamed for a…
Kenya: President Ruto scolds tardy top officials at contract signing
Kenya’s President William Ruto has scolded top government officials for arriving late to a scheduled meeting saying it showed lack of discipline. “If you cannot keep time with your employer,…
USA: Fitch downgrades US credit rating from AAA to AA+
The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden. Fitch, one of three major independent agencies that assess…