Nigerians have started expressing mixed reactions over the life imprisonment handed over to estranged leader of the proscribed IPOB by Federal High Court.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
The US trade deficit more than halved in April, government data showed Thursday, pulling back from a record as imports on a plunge in imports as President Donald Trump's global tariffs kicked in. In March, the overall US trade deficit widened to a new record of $138.3 billion as businesses sought to get ahead of Trump's promised duties.
Investment in clean energy technologies is set to strike a record this year despite global economic uncertainty, double the spending on fossil fuels that will dip for the first time since 2020, the International Energy Agency said Thursday. It expects investment in clean technologies, including nuclear and electricity distribution grids, to hit a record $2.2 trillion this year.
A former Director at Asset Management Corporation of Nigeria (AMCON) has testified in court, spilling the details into Arik's heavy indebtedness and the fraud case.
French oil and gas giant TotalEnergies goes on trial in Paris on Thursday over allegations of misleading climate claims, an unprecedented "greenwashing" case against a fossil fuel firm in France. A greenwashing case against Australian oil and gas producer Santos, challenging its claim to be a "clean fuels" company, has been ongoing since 2021.
The Economic and Financial Crimes Commission (EFCC) is making progress with the CBEX investigations and has named another two suspects connected to the scam.
US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. The ECB is expected to cut its inflation predictions when it releases its own new economic forecasts Thursday, with most observers now believing that Trump's tariffs will add to downward pressure.
Gamers on Thursday finally got their hands on Nintendo's new Switch 2 console, which could score record early sales for the Japanese "Super Mario" creator. Serkan Toto from Tokyo consultancy Kantan Games said he "would not be surprised to see Switch 2 breaking sales records in the next weeks and months".
Hundreds of protesting Myanmar tribespeople march up a hillside to a cavernous facility where a Chinese joint venture's giant milling machines stand ready to grind up the rocks of their ancestral homeland for lead ore. They say Myanmar firm Four Star Company and a Chinese partner have planned a mega-project mining lead upriver from their village, Thi Kyeik, in Pekon township.
Asian shares mostly rose Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week. However, the readings ramped up bets on a Fed cut, with markets pricing in two by the end of the year, with the first in September.
Economy
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