Police operatives have arrested Pastor Daniel Ololo of Omega Prophetic Prayer Ministry for allegedly sleeping with three sisters in Sapele, Delta State.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Wealth inequality is a global emergency that threatens democracy and social cohesion, experts warned Tuesday, urging G20 leaders meeting in South Africa this month to establish a panel to tackle the crisis. The proposed panel on inequality was inspired by the UN's expert Intergovernmental Panel on Climate Change (IPCC), which analyses the risks of global warming and proposes solutions.
US tech giant Nvidia and Deutsche Telekom said Tuesday a one-billion-euro ($1.1 billion) industrial artificial intelligence hub will soon be launched in Germany, Europe's latest bid to catch up in the global AI race. Industry in Germany, Europe's biggest economy, is especially concerned about speeding up adoption of AI to ensure it can keep pace internationally.
Pfizer reported a drop in third-quarter profits Tuesday as lower sales of Covid-19 products more than offset gains in other medications. Lower sales in Covid-related products were partially compensated for by gains in other products.
Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026. Telefonica said it would cut its dividend by half next year to 15 cents per share as part of a new five-year strategic plan as it seeks to reduce its debt.
The Nigerian currency, the naira and Nigerian bonds have taken major hits after President Donald Trump threatened military action against Nigeria.
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices. Weaker oil prices hit Saudi Aramco, which reported on Tuesday a 2.3-percent drop in quarterly net profit.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
CPPE has warned that Trump’s military threat could harm Nigeria’s economy, trigger capital flight, weaken the Naira, and erode investor confidence.
Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.
Economy
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