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Washington, Feb 25, 2026 –  BMW is recalling 58,713 vehicles in the U.S. due to a wiring harness for the air conditioning system that may be damaged and cause a short circuit, the U.S. National Highway Traffic Safety Administration said on Wednesday. The recall covers several vehicles, including the M5 Sportwagon, M5, and 750e xDrive, according to NHTSA. A company spokesperson confirmed the recall to Reuters. He said a quality inspection had shown that the cable routing in the affected vehicles must be improved. “No accidents are known to have …

Singapore, Feb 25, 2026 – Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the U.S. and Iran that could disrupt supply continued to worry investors, with talks between the parties set for Thursday. Brent futures were up 42 cents, or 0.6%, at $71.19 per barrel at 0730 GMT. WTI futures rose 41 cents, or 0.6%, to $66.04 per barrel. Brent prices reached their highest since July 31 on Friday, while WTI hit its highest since August 4 on Monday, and both contracts …

London, Feb 24, 2026 – Ivory Coast will have accumulated about 200,000 metric tons of unsold cocoa by end-March when its main crop concludes unless the government cuts state-regulated farmer prices in order to ‌unlock sales from farmers to traders, industry experts and global trading executives said. Ivory Coast and neighbouring Ghana, which ‌together produce some 50% of the world’s cocoa, are facing a growing crisis as unsold cocoa stocks from the main crop have piled up both ​inland and at the ports over the past months. The unsold cocoa …

Abuja, Feb. 24, 2026 – President Bola Tinubu has sacked Kayode Egbetokun as the Inspector-General of Police.  Sources within the presidency conformed the development this afternoon, saying that indications to this emerged as early as Monday when the president ordered Egbetokun out of a meeting. Meanwhile, President Tinubu on Tuesday accepted the resignation of Egbetokun, following his letter of resignation citing pressing family considerations. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, disclosed in a statement on Tuesday. The statement said Tinubu received Egbetokun’s resignation earlier …

Abuja, Feb. 24, 2026 – Nigeria’s external reserves have risen to $50.45 billion as of February 16, 2026. Olayemi Cardoso, the CBN governor, said this in Abuja on Tuesday while briefing the media on the outcome of the two-day meeting of the Monetary Policy Committee (MPC). He described this as the highest level of the reserves in the last 13 years, which he attributed to higher export earnings and increased foreign exchange remittance from abroad. The CBN governor said the committee was impressed by the remarkable performance of Nigeria’s external …

New York, Feb 24, 2026 – Oil prices were little changed near a seven-month high on Tuesday as traders waited for news from nuclear talks between the U.S. and Iran. Brent futures fell 25 cents, or 0.4%, to $71.24 a barrel at 10:41 a.m. EST (1541 GMT), while U.S. West Texas Intermediate crude fell 25 cents, or 0.4%, to $66.06. Earlier in the session, Brent was on track for its highest close since July 31 and WTI was on track for its highest close since August 1. Iran and the …

London, Feb. 23, 2026 – The dollar has lost some, but not all, of its safe-haven value since 2024, ING said in note on Monday, adding however, that it saw no broad deterioration in global demand for the US currency. The dollar index shed almost 10% of its value last year, in its worst annual performance since 2017. Erratic U.S. trade policy, U.S. President Donald Trump’s tariff threats towards allies and attacks on the Federal Reserve have weighed on the currency. ING said in its report: * The dollar has lost …

Lagos, Feb. 23, 2025 – Fidelity Bank Plc, a leading financial institution, has announced the launched of the second edition of its flagship women-empowerment initiative, the HerFidelity Apprenticeship Programme 2.0 (HAP 2.0). Designed to equip women with practical, income‑generating skills and structured pathways to entrepreneurship; HAP 2.0 will build on the success of its inaugural edition held in 2023. Speaking with journalists at a media chat to herald the launch of HAP 2.0, the Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede, explained that the initiative has been enhanced …

Lagos, Feb. 23, 2026 – The Federal Airports Authority of Nigeria (FAAN) has reported a fire outbreak at Terminal 1 of the Murtala Muhammed International Airport in Lagos on Monday. FAAN announced the development via a post on its X handle on Monday. It said its firefighting team had been mobilised to the scene and was working to contain the situation. The statement reads: “The Federal Airports Authority of Nigeria (FAAN) wishes to inform the public of a fire outbreak at Terminal 1 of the Murtala Muhammed International Airport, Lagos. …