The Nigerian government has secured a $500 million loan from the World Bank to boost the electricity sector and improve DisCos' performance nationwide.
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Traders increase price of rice, beans, Eggs across markets
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G20 nations agree central bank independence 'crucial'
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Nigerians react as Anambra releases state's highest taxpayers to counter Peter Obi
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Diesel prices increased in Nigeria as report lists 10 African countries with the highest prices
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Naira nears equal exchange rate at banks and black market as oil output surges
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Chinese electric car maker BYD aims for Europe boost
Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival continental brands. The European Union has imposed a 17-percent tariff on Chinese electric vehicles to make up for Chinese state subsidies.
12 listed companies report N1.4 trillion losses, may not pay dividends
The economic climate in 2024 was plagued with rising inflation, low purchasing power resulting to low sales, rising operations costs, causing many businesses losses.
Italy says Baku Steel submits 'best offer' for ex-Ilva plant
A year after ousting ArcelorMittal, Italy is preparing to hand over control of its giant ex-Ilva steelworks to Azerbaijan's Baku Steel, the industry minister said Thursday. Baku Steel currently operates a steel plant in Baku, the capital of Azerbaijan, with a production capacity of 800,000 tonnes per year.
Explosive Meta memoir tops US best-seller list
A scathing book about Facebook parent company Meta, whose author has been barred from promoting her work, entered at the top of the New York Times bestseller list after its first week of release in the United States. An arbitration court granted Meta's request to bar Wynn-Williams from promoting the book or making derogatory statements about the company.
Embattled Tesla recalls Cybertrucks over risk of panel detachment
Tesla is recalling more than 46,000 Cybertrucks because of a defect that can lead an exterior panel to detach, increasing the risk of a crash, according to a safety notice reviewed Thursday by AFP. The recall affects essentially all of the futuristic-looking vehicles delivered in the United States.
Swiss cut rates again over global economic 'uncertainty'
Switzerland's central bank cut its key interest rate on Thursday, citing the "high uncertainty" in the global economy triggered by US President Donald Trump's tariff wars. However, "This scenario for the global economy is currently subject to high uncertainty.
US existing home sales beat expectations in February
Sales of previously owned homes in the United States topped analysts' expectations in February, as increasing inventory allowed more buyers to enter the property market, according to industry data released Thursday. "Home buyers are slowly entering the market," said NAR chief economist Lawrence Yun.
65% of Nigerians want CBN to reduce interest rates amid high inflation, food prices
The CBN Monetary Policy Rates, also known as interest rates, have generated a lot of discussions since 2024 especially due to the repeated decisions to increase them
NBA's Celtics sold for record $6.1 bn: Boston Globe
The NBA's Boston Celtics are being sold to the head of a California private equity firm for $6.1 billion, a record price for a US sports franchise, The Boston Globe reported Thursday. It said the $6.1 billion purchase price is the highest ever paid for a North American sports team, surpassing the $6.05 billion paid for the NFL's Washington Commanders.
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