Nigerians have started expressing mixed reactions over the life imprisonment handed over to estranged leader of the proscribed IPOB by Federal High Court.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
The Nigerian currency has depreciated in the foreign exchange market on Tuesday, June 17, 2025, after a positive outing on Monday, June 16, 2025.
US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as Washington negotiates tariff agreements with friends and foes alike. Trump imposed a blanket 10 percent tariff on most US trading partners and unveiled higher individual rates on dozens of economies, including India and the European Union -- although he swiftly paused the elevated rates.
Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.
Swiss insurers on Tuesday put the damage caused by last month's glacier collapse, which largely destroyed the Alpine village of Blatten, at 320 million Swiss francs ($393 million). To "repair the damage caused to buildings and personal property," nearly 260 million Swiss francs will be paid out to the local population, according to the association.
The drivers' union recently embarked on a strike to protest, and in the aftermath, they wrote a petition to the lawmakers regarding Uber, Bolt, and others.
A major power outage that paralysed the Iberian Peninsula in April was caused by "overvoltage" on the grid that triggered "a chain reaction", according to a government report released Tuesday.
In a small London workshop, a prototype mimics the process of capturing carbon emissions from a cargo ship's engine. Once absorbed, the carbon was transformed into limestone through a chemical process.
Britain's auto sector on Tuesday welcomed news that the United States and UK have agreed to implement key parts of their tariff-cutting trade deal, as levies on steel remain. Tariffs of 25 percent on the UK steel industry remain however, despite a bilateral agreement in May to completely remove the levy for British aluminium.
The Nigerian government, through the Federal Inland Revenue Service (FIRS), has raised the thresholds for corporate and personal income income tax.
Economy
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