Rabiu Kwankwaso, the former governor of Kano, has raised a fresh controversy on the Emirship tussle between Muhammadu Sanusi II and Aminu Ado Bayero in the state.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
A jump in electric car sales helped give a slight boost to Germany's troubled auto market last month, official data showed Wednesday, although Elon Musk's Tesla fared poorly again. But electric car maker Tesla, which has suffered across Europe due to anger that Musk played a role as a key advisor to US President Donald Trump, saw its sales slide again, this time by 36 percent.
The EU gave the green light on Wednesday for Bulgaria to adopt the euro on January 1, 2026, in a "historic" step for the southeastern European country set to become the 21st member of the single currency area.
Critically needed economic growth in Africa is being held back by high borrowing costs imposed by international lenders, with unpredictable US policy changes adding to the strain, the head of the G20 panel on the continent said.
The United States doubled steel and aluminum tariffs Wednesday, casting a pall on a gathering of OECD ministers as President Donald Trump's intensifying trade war weighs on the world economy. Despite the doubling of steel and aluminum tariffs Wednesday, imports from the UK will remain at 25 percent for now, while both sides work out duties and quotas in line with the terms of their trade pact.
Asian shares extended a global rise Wednesday following data indicating the US economy remained resilient, with South Korean equities and the won standing out as the election of a new president ended months of political paralysis.
The United States will double its tariffs on imported steel and aluminum starting Wednesday, according to the White House, as it published an order signed by President Donald Trump.
The Nigerian currency, the naira, has continued its upward trajectory in the official and parallel foreign exchange markets, appreciating to N1,579 per dollar.
Nigeria’s cocoa industry is set for a major boost as the government has pledged vast land. VP Kashim Shettima has also revealed a personal cocoa farm project.
The Federal Government of Nigeria, through the Federal Civil Service Commission (FCSC), seeks to employ qualified Nigerians into various departments and agencies.
Economy
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