President Bola Tinubu has ordered the withdrawal of police officers currently providing security for Very Important Persons, VIPs in the country.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
The federal government's Lagos-Calabar Coastal Highway project spans 47.7 kilometers across nine Nigerian states, and now EBID has injected funding.
Thousands of local tourists poured into China's first-ever Legoland as it opened its gates in Shanghai on Saturday, the latest theme park hoping to capitalise on a domestic tourism boom. Companies have taken note of the wider local tourism boom and stepped up their plans in China.
Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August. By approving another output hike, heavyweight Saudi Arabia might seek to up pressure on members for not keeping to agreed quotas via slashing expected oil profits due to lower prices.
Nigerians are groaning under the hardship caused by inflation. The price of filling a 5kg cylinder of cooking gas increased by 10%, while 12.5kg increased by 32.5%.
The much-feared AI evolution appears to have arrived as employers are now replacing several roles with AI. Microsoft is letting 9,000 job roles to be replaced by AI.
The Nigerian-owned company promised that it will embark on routes that were not earlier offered to businesses, and ship goods within and outside Nigeria.
The Nigerian currency has maintained its pressure on the dollar for the fifth consecutive day, with the Central Bank of Nigeria releasing a new exchange rate.
Stock markets mostly fell alongside a retreating dollar Friday as international tensions over tariffs dominated sentiment. European stock markets retreated around midday, also as China said it will impose "anti-dumping" taxes of up to 34.9 percent on cognac and other brandy imported from the European Union starting from Saturday.
The Customs Area Comptroller of the Apapa Terminal explained the series of operations that led to the seizures, and released a list of the seized cargoes.
Economy
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