IGP Kayode Egbetokun has finally commented on the confrontation between the FCT Minister and some naval officers in Abuja and disclosed the steps taken so far.
Economists say the CBN Monetary Policy decision to retain interest rates but narrow the policy corridor signals cautious easing expected to cut interbank costs.
The US Department of Defense on Monday awarded OpenAI a $200 million contract to put generative artificial intelligence (AI) to work for the military.
World leaders at the Group of Seven summit in Canada on Monday tried to push US President Donald Trump to back away from his punishing trade war that poses a risk to global economic stability. A source at the summit said that French President Emmanuel Macron urged the American leader to quickly end the trade conflict once and for all.
Earlier on monday, the IDF said it had identified missiles fired from Iran towards Israel. Amid the rising conflict, an expert has predicted the impact on the naira.
The Nigerian currency, the naira, opened the week strongly against the dollar, appreciating to N1,543 from N1,544 per dollar following the Middle East tension.
An appeal court has overturned the November 2024 ruling from a federal high court that ordered the forfeiture of several assets belonging to Godwin Emefiele.
The National Bureau of Statistics (NBS) has provided a detailed breakdown of how Nigeria traded with the world, who is the biggest customers and products.
A Nigerian Navy operation was conducted on June 14, leading to the discovery of five illegal refining sites. The Commander has shared details of products recovered.
Britain is deploying extra fighter jets and other assets to the Middle East amid the escalating conflict between Israel and Iran, UK Prime Minister Keir Starmer has said. RAF Typhoon jets aided Israel in April 2024 when they shot down an unspecified number of drones fired by Iran, as confirmed by the UK's then-prime minister, Rishi Sunak.
Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group. Le Figaro newspaper reported that de Meo would take over at Kering, the French luxury group that owns Gucci, Yves Saint Laurent, Balenciaga and other premium brands.
Economy
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