Ahead of the 2027 elections in Nigeria, speculations are building that President Bola Ahmed Tinubu may drop VP Kashim Shettima from his political ticket.
About 1.8 million PoS operators may lose their businesses following the new directives by the Corporate Affairs Commission (CAC) to register before January.
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls. Under the deal, China "will review and approve applications for the export control items that meet the requirements in accordance with the law".
Nigeria's debt profile has surged to N144.6 trillion as of December 31, 2024, pushing debt per citizen to a historic high, as the Nigerian government seek more loans
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.
Economy
Load more