A mother said her family paid N6 million to free an abducted NYSC member, after kidnappers demanded N50 million per victim. Police confirmed the rescue in Imo.
Beans prices in September 2026 showed a mixed trend: Oloyin by the derica fell 6.1%, Drum by the derica dropped 5.4%, while Drum by the paint edged higher.
A global bond selloff extended into Asia on Wednesday with yields in Japan hitting record levels, while gold reached a new peak as investors fret about public finances in countries from Japan to the United States. The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.
Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump's attempt to fire her.
President Donald Trump's administration has revoked Taiwanese semiconductor giant TSMC's authorization to export US chipmaking equipment to China without a license, further restricting access to US technology in the country.
A US judge on Tuesday rejected the government's demand that Google sell its Chrome web browser as part of a major antitrust case but imposed sweeping requirements to restore competition in online search. The US currently has five pending antitrust cases against major technology companies.
US President Donald Trump said Tuesday that he plans to seek a swift ruling from the Supreme Court as his administration pushes to overturn a court decision that found many of his tariffs illegal. If these tariffs are ultimately ruled illegal, companies could potentially seek reimbursements. bys/bjt
Nestle's sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its strengths, industry analysts said Tuesday. "But in a positive scenario it could accelerate Nestle's return to its strengths," he said.
The Central Bank of Nigeria (CBN) has conducted a series of foreign exchange interventions in the FX market, leading to a surge in the naira's value.
Chloe Malle will follow Anna Wintour as editor of Vogue, the magazine said Tuesday, resolving an intrigue that has gripped fashion and journalism circles for months. - Wintour 'down the hall' - "Chloe Malle is Head of Editorial Content for American Vogue, effective immediately," Vogue said on its website.
Nigerian banks have slashed exchange rates on naira debit cards following the rebound of the local currency in the parallel and official windows recently.
Economy
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