It was a major breakfast for the opposition as a prominent former governor, who served under the PDP platform, joined the APC ahead of major governorship election.
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.
South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.
US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation. Chaired by the Treasury secretary, it comprises representatives of top financial regulators including the Federal Reserve, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation.
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 as much as two percent on Thursday after the announcement.
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.
Economy
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