Wole Soyinka urges caution on foreign aid in Nigeria, visits Benue IDP camps, and backs Alia as he clarifies comments on killings and ongoing insecurity.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Between jabs at Donald Trump's US trade tariffs and criticism of Beijing's assertiveness in the South China Sea, French President Emmanuel Macron warned Vietnamese students Tuesday that "on the impulse of a superpower, everything can change". Communist-run Vietnam has also been threatened with a hefty 46 percent tariff by US President Donald Trump as part of his global trade blitz.
Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday. The European Automobile Manufacturers' Association (ACEA) said Tesla sales in April fell to 5,475 cars, down 52.6 percent from the same month last year.
Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.
The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion.
A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility. - Fuel supply 'guaranteed' - Petroecuador, which operates the facility, did not specify the amount of fuel that was in the tank when the fire broke out.
The European Union remains "fully committed" to reaching a trade agreement with the United States, the bloc's trade commissioner Maros Sefcovic said Monday following calls with top US officials. Trump has called for eliminating the EU's surplus in goods trade with the United States.
Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan.
After approving zero duties on goods contained in the AfCFTA, the government has launched the air corridor to crash export logistics costs for Nigerian exporters.
Data from the Central Bank of Nigeria (CBN) shows that Nigeria spent about $2.01 billion servicing external debts in the first four months of 2025.
Economy
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