An Atiku Abubakar campaigner has named an APC governor as a key figure in what he claims could mark the end of Nyesom Ezenwo Wike’s political career.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
Nigeria has raised $2.25 billion through a heavily oversubscribed dual-tranche Eurobond issuance, according to a report by the Debt Management Office (DMO)
Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push to compete with Nvidia in the lucrative market for artificial intelligence computing power.
The services sector maintained the lead over other non-oil sectors as Nigeria recorded 3.98% GDP growth in Q3 2025, down from 4.23% in the previous quarter.
The Nigerian Foreign Exchange Market (NFEM) experienced a massive dollar inflows to the tune of $841 million in the past week, leading to the naira's appreciation.
Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Versace's lustre had been waning in recent years, unlike that of the Prada Group, which is in robust health, fuelled by strong sales of its younger Miu Miu Line.
Germany's economy is suffering its "deepest crisis" since the aftermath of World War II, an industry group warned Tuesday, calling on Chancellor Friedrich Merz's government to take urgent action to spark a revival.
The world economy has been "surprisingly resilient" in the face of adversity this year, the OECD said Tuesday, raising its growth estimates for key economies, notably the US and the eurozone. "The global economy has shown surprising resilience in 2025," the OECD said.
Savings deposits across Nigerian banks have increased recently due to improved interest rates, encouraging more Nigerians to save and grow their funds.
South Korea's president ordered on Tuesday swift action to penalise those responsible for a major data leak at e-commerce giant Coupang affecting more than 33 million customers. The case follows a major breach at South Korea's largest mobile carrier SK Telecom, which was fined about 134 billion won ($91 million) in August after a cyberattack exposed data on nearly 27 million users.
Economy
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