Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
Indian Prime Minister Narendra Modi met Argentine President Javier Milei in Buenos Aires on Saturday, urging the expansion of New Delhi's preferential trade deal with South America's Mercosur bloc. "Excellent meeting with President Javier Milei of Argentina," Modi wrote on X of the leaders' second bilateral talks.
BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
Turkey's competition authority has launched an investigation into Spotify for anti-competitive practices as a deputy minister demanded legal action over "provocative" playlists allegedly offensive to the president's wife and disrespectful of Islam.
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.
Economy
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