Former President Goodluck Jonathan has finally opened up on leaving the troubled Guinea Bissau on Ivorian air rathan Nigerian aircraft when he was trapped.
The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
The Ferrero Group will acquire US cereal mainstay WK Kellogg for $3.1 billion as the Italian food giant expands further in North America, the companies announced Thursday. "Over recent years, Ferrero has expanded its presence in North America," said Giovanni Ferrero.
E-commerce giant Shein faces a possible 150-million-euro ($175-million) fine in France for failing to properly get consent to track users on the internet. It also found during a 2023 inspection that when users refused the tracking cookies Shein continued to read information from them.
The Central Bank of Nigeria (CBN) has harmonised the Customs FX rate with the current foreign exchange rate following the strengthening of the naira.
German auto giant Volkswagen said Thursday it had suspended deliveries of its electric minivan ID. Buzz due to a technical issue amid reports the decision was influenced by costly US tariffs on cars.
An Irish regulator helping police European Union data privacy said Thursday it had launched an investigation into TikTok over the transfer of European users' personal data to servers in China. The DPC on Thursday said it had been informed by TikTok in April that "limited EEA user data had in fact been stored on servers in China," contrary to evidence presented by the company.
Italy's competition watchdog said Thursday it had opened an investigation into UK online bank Revolut over "misleading" messages to customers about its investment services. The Competition and Market Authority (ACGM) also alleged that the bank employed "aggressive ways" of handling banking services.
Many banks are exploring talks about mergers in a bid to meet the recapitalisation target. Six banks are still left at the negotiation table talking to investors.
The EU unveiled on Thursday long-delayed recommendations to rein in the most advanced AI models such as OpenAI's ChatGPT and help companies comply with the bloc's sweeping new law. Under the law, developers of such models must give details about what content they used -- like text or images -- to train their systems and comply with EU copyright law.
The Nigerian currency, the naira, gained N9 on Wednesday, July 9, 2025, after a brief loss the previous day to close trading at N1,520 from N1,529 per dollar.
Economy
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