Court stops Rivers govt’s allocations

The Federal High Court in Abuja, on Wednesday, restrained the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to Rivers State Government. The News Agency of Nigeria (NAN) reports that the order also affected the Accountant-General of…

Volkswagen profit drops 64% as China sales slump

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Volkswagen has stressed “the urgent need” to carry out significant plant closures and job cuts after Europe’s largest carmaker reported…