Ahead of the 2027 general elections in Africa's largest democracy, Nigeria, Peter Obi has been predicted to work for President Bola Ahmed Tinubu.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil. Green bonds are similar to sovereign bonds: Investors are paid interest on what is essentially a loan to the government, but in this case the money funds environmentally friendly projects.
Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Traders are now fully expecting two rate cuts this year, while there was a pick-up in bets on a third, according to Bloomberg News.
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.
Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs.
Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years during which she was often hailed as the single most influential figure in the fashion world. Wintour has for many years also run the Met Gala, an extravagant Manhattan fundraiser that attracts an A-list of dressed-up stars from the worlds of fashion, film, politics and sports.
Apple announced changes to its App Store payment rules in Europe as it hit a Thursday deadline to address accusations of breaking EU digital competition rules -- or face steep new daily fines.
Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media reported Thursday. Wintour, who took the helm at US Vogue in 1988, announced her departure at a staff meeting, but she will stay on as group owner Conde Nast's global chief content officer and as editorial director at Vogue, People magazine reported.
The recall covers certain 2019-2024 Chevrolet Silverado vehicles and the U.S. National Highway Traffic Safety Administration has warned of a serious defect.
President Bola Tinubu has finally signed the four Tax Reform Bills into law, nine months after presenting it to National Assembly as experts explain the benefits
Economy
Load more