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Tag: Turkey

News

Nigeria, Turkey set to boost bilateral relations

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, along with the Nigeria Türkiye Business Council, has committed to enhancing bilateral relations between Nigeria and Turkey. During the inauguration of the Independent Industrialists and Businessmen Association at the Turkish Embassy in Abuja, participants emphasized the importance of increasing investments in both countries’ security […]

Meta tests in-house AI chip to reduce reliance on Nvidia
News

Turkey moves to curtail Meta over competition law violation

Turkey’s competition on Monday, the authority implemented an interim measure targeting Meta Platforms Inc. This measure aims to impede data sharing between the Instagram and Threads platforms while the authority conducts an investigation into potential abuse of Meta’s dominant market position. Initiated in December, the investigation scrutinizes Meta, the parent company of Facebook, over potential […]

Nigeria, Turkey partner to promote automotive industry
Business

Nigeria, Turkey partner to promote automotive industry

The Nigerian government has collaborated with an automotive manufacturing entity located in Turkey to advance the country’s automobile sector. According to the News Agency of Nigeria, this was disclosed by the Director-General of the National Automotive Design and Development Council, Jelani Aliyu, in an interview with newsmen. Aliyu noted that the agreement was reached when he […]

Collapsed buildings in Turkey after the earthquake
Business

Earthquake: Turkey’s Central Bank gets $5bn from Saudi

Saudi Arabia announced on Monday that it was depositing $5 billion in the Turkish central bank in an effort to help the country combat inflation and the effects of last month’s earthquake ahead of presidential elections. According to Agence France Presse, this was said in a statement by the Saudi government. The statement revealed that […]

Collapsed buildings in Turkey after the earthquake
Banking

Syria loses 10% GDP to earthquake – World Bank

The World Bank has said the damage caused by the earthquake on buildings and infrastructures is estimated to be 10 percent of Syria’s Gross Domestic Product. According to Reuters, this was in a statement released on Friday by the Bank where it described the damage as a broad but preliminary damage estimate. The quake caused […]

Collapsed buildings in Turkey after the earthquake
Business

Turkey earthquake may cost Ankara $84.1bn – Group  

A business group has estimated that the impact of Turkey’s earthquake may cost the state capital, Ankara about $84.1 billion. This was based on the report that was published over the weekend by the Turkish Enterprise and Business Confederation. According to the estimation, $70.8 billion would be for the repairs of affected areas. An amount […]

Collapsed buildings in Turkey after the earthquake
Business

How earthquake’ll affect Turkey’s $819bn economy

The $819 billion economy-sized country, Turkey, is expected to experience an economic slow down following the earthquake that has disrupted its activities. The quakes which were nine hours apart on Monday have on Friday recorded about 22000 deaths.  This was reported to be one of the deadliest earthquakes on earth. It has affected almost all […]

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