President Bola Tinubu has been told to remove Nyesom Wike as FCT Minister in a fresh development amid move by the Rivers assembly to sack Governor Siminalayi Fubara.
The Federal Government has launched YouthCred, a new scheme allowing Nigerian youths aged 18–39 to access loans up to N5 million with flexible repayment terms.
The federal government has just set a new record, securing a $747 million loan, the largest-ever loan to be taken for a road infrastructure project in Nigeria.
The world's top industrial supplier of chocolate, Barry Callebaut, revised its financial guidance lower on Thursday as the global chocolate market suffered its worst drop in sales volume in a decade, with high prices weighing on consumers.
The latest version of Grok, known as the SuperGrok Heavy, is said to be the equivalent of a team of super-intelligent AI agents, collaborating to solve users' query.
The Ferrero Group will acquire US cereal mainstay WK Kellogg for $3.1 billion as the Italian food giant expands further in North America, the companies announced Thursday. "Over recent years, Ferrero has expanded its presence in North America," said Giovanni Ferrero.
E-commerce giant Shein faces a possible 150-million-euro ($175-million) fine in France for failing to properly get consent to track users on the internet. It also found during a 2023 inspection that when users refused the tracking cookies Shein continued to read information from them.
The Central Bank of Nigeria (CBN) has harmonised the Customs FX rate with the current foreign exchange rate following the strengthening of the naira.
German auto giant Volkswagen said Thursday it had suspended deliveries of its electric minivan ID. Buzz due to a technical issue amid reports the decision was influenced by costly US tariffs on cars.
An Irish regulator helping police European Union data privacy said Thursday it had launched an investigation into TikTok over the transfer of European users' personal data to servers in China. The DPC on Thursday said it had been informed by TikTok in April that "limited EEA user data had in fact been stored on servers in China," contrary to evidence presented by the company.
Italy's competition watchdog said Thursday it had opened an investigation into UK online bank Revolut over "misleading" messages to customers about its investment services. The Competition and Market Authority (ACGM) also alleged that the bank employed "aggressive ways" of handling banking services.
Economy
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