It was another strategy as bandits launched fresh attack in Kano and kidnapped women and children. The number of abductees have been released and published.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
Brazilian coffee beans, French champagne and Chinese teas -- drinks are a profit driver for US restaurants, but higher import costs have eaten into margins and fed into consumer prices in the three months since President Donald Trump unveiled sweeping global tariffs.
The Nigerian naira has depreciated over 400% since 2023, now trading close to the N1600/$ mark. It is now ranked among the top 10 weakest currencies in Africa.
President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products.
A US senator renewed calls Wednesday for a bribery probe into Paramount following its reported $16 million settlement with President Donald Trump over a lawsuit the entertainment giant initially described as meritless.
Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk's political activities. But Musk's political activism on behalf of right-wing figures has also made the company a target of boycotts and demonstrations, weighing on sales.
PZ Cussons Nigeria had staged a comeback from the heavy losses it suffered in the 2024 financial year. The latest report shows healthy profits for shareholders.
The British government said Wednesday that finance minister Rachel Reeves was "going nowhere" after she appeared visibly upset in parliament as rumours swirled around her future. It came after Starmer's Labour government U-turned over key welfare reforms, wiping out a multibillion-pound boost to public finances and triggering speculation that Reeves could lose her job.
The US private sector unexpectedly lost jobs in June, according to data from payroll firm ADP on Wednesday, a potential sign of labor market weakness amid uncertainty from President Donald Trump's tariffs.
A French court sentenced three former Ubisoft executives on Wednesday to suspended prison terms for enabling a culture of sexual and psychological harassment at the gaming giant. For his part, former chief creative officer Serge Hascoet was given an 18-month suspended sentence for psychological harassment and complicity in sexual harassment.
Economy
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