Governor Fubara has finally reacted after members of the Rivers Assembly initiated impeachment proceedings against him and his deputy, Professor Ngozi Odu.
The naira dips against the dollar despite improved forex liquidity, with total FX inflows rising. Analysts foresee stronger trade opportunities ahead in 2026.
President Claudia Sheinbaum defended a tariff increase on goods from China and other countries with which Mexico has no trade agreements, saying the measure was intended to strengthen the national economy. "The reason for these legal adjustments is to strengthen the national economy," she said.
Steam still rises from the chimneys of Serbia's only oil refinery as it slowly grinds to a halt under US sanctions, fuelling fears of job losses and uncertainty. Vladimir Mutavdzic, 33, from Pancevo, also feared job loss -- and the impact not just locally, but across Serbia.
A new ranking of Where to Invest in Africa (WTIIA) conducted by Rand Merchant Bank (RMB) has shown that Nigeria has fallen dramatically to the 18 position from 9th.
Time magazine named the "Architects of AI" as its Person of the Year on Thursday, highlighting the US tech titans whose work on cutting-edge artificial intelligence is transforming humanity. Yet the magazine notably steered away from using AI to generate its cover art, opting instead for human artists.
Nigerians face soaring airfares as over 54 taxes, hidden fees, and new security levies push local and international flight costs to record highs.
The Central Bank of Nigeria (CBN) has released a new foreign exchange limit for personal and business travels for Nigerians sourcing FX from BDCs.
Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence. Disney shares rose by about two percent on Thursday after the announcement.
The US trade deficit narrowed unexpectedly in September to the smallest since 2020, delayed government data showed Thursday, with imports rising just slightly as President Donald Trump's new tariffs set in.
Leading German institutes on Thursday downgraded their 2026 growth forecasts, in another bad sign for Chancellor Friedrich Merz whose efforts to reboot Europe's biggest economy face mounting criticism. But critics say his efforts so far have not been radical enough as challenges mount for the economy, from a deepening industrial slump to US tariffs.
Economy
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