President Bola Tinubu has been told to resign. A key condition has been set for the potential All Progressives Congress (APC) presidential candidate.
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).
Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive. Russia's gross domestic product (GDP) growth slowed to 1.4 percent year-on-year in the first quarter, the lowest quarterly figure in two years.
Nigerians may grapple with higher taxes before the end of 2025 due to the tax reform bills, approved telecom and electricity tariff hikes, and another tax raise.
The Central Bank of Nigeria (CBN) has updated the foreign exchange rate after selling $41 million to authorised dealers in the FX market to stabilise the naira.
The European Union on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts."
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. "President Trump's two-week 'thinking window' on whether to join Israel's war against Iran is no cooling-off period -- it's a ticking volatility clock."
Small, fuzzy and baring sharp teeth, Chinese toymaker Pop Mart's Labubu monster dolls have taken over the world, drawing excited crowds at international stores and adorning the handbags of celebrities such as Rihanna and Cher.
Sitting in his spacious office with a view of the Black Sea, Tayfun Denizer smiles: his rainbow trout, raised in submerged cages, have made him a wealthy man. Last year, the country exported more than 78,000 tonnes of trout raised in its cooler northern Black Sea waters, a figure 16 times higher than in 2018.
Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world.
Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. In May, Japan's core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent -- its highest level since January 2023 -- interior ministry data showed.
Economy
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