Former Deputy Senate President Ovie Omo-Agege endorses Peter Obi for the NDC presidential candidacy in 2027, aiming for the Delta Central senatorial seat.
The CBN has unveiled a new FX framework, enhancing domiciliary account access for Nigerians while imposing stricter compliance on exporters to boost liquidity.
US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab. A lower court ruled against Trump in May, but the US Court of Appeals for the Federal Circuit put the ruling on hold as it considers the case.
German industrial titan Thyssenkrupp's shareholders on Friday backed a spin-off of its warship and submarine-building unit, seeking to better position the group to benefit from a European defence boom. Shareholders overwhelmingly backed the spin-off of a 49-percent minority stake of the marine division at a specially convened meeting.
Champagne growers say President Donald Trump's tariffs on European goods will hurt sales to the United States, their biggest export market, but hope that the sector may yet escape the new duties.
The Nigerian currency, the naira, rebounded in the official foreign exchange market after a brief fall. The development comes as the FX reserves hit nearly $40bn.
Germany will halt the export of military equipment to Israel which could be used in the Gaza Strip, Chancellor Friedrich Merz said Friday, reacting to Israel's plan to take control of Gaza City. "Under these circumstances, the German government will not authorise any exports of military equipment that could be used in the Gaza Strip until further notice," he said in a statement.
The presidency has listed the achievements of Bola Tinubu in direct response to a newspaper editorial that argued that the citizens are hungry and hopeless.
About 29 state governors spent close to N80 billion on domestic and international travels in six months, with the South-West governors leading the list.
Environmental NGOs are raising concerns about the growing presence of petrochemical industry lobbyists at talks to forge a global treaty to combat plastic pollution. - 'Here to listen' - The International Council of Chemical Associations (ICCA) confirmed they had 136 delegates at the talks representing the plastic, petrochemical and chemical manufacturing industries.
Brazil's state-owned oil company Petrobras posted a hefty net profit of $4.7 billion in the second quarter, recovering sharply from net losses in the same period last year, the company said Thursday. Petrobras reported a net profit of $6 billion in the first quarter, a 48.5 percent increase year on year.
Economy
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