Iran’s Ambassador to Nigeria pledged support in combating Boko Haram and ISWAP, while rejecting Israeli claims and reaffirming six decades of bilateral ties.
EKEDC has announced a planned three-day electricity outage in Lekki from March 13–15, 9am–5pm daily, for network upgrades to improve power reliability.
President Donald Trump signed a sweeping defense policy bill into law Thursday that signaled strong bipartisan support for Europe and defied the US leader's increasingly hostile posture toward NATO and America's closest allies.
TikTok said Thursday it had signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban threat over its Chinese ownership, US media reported.
Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China in results that sent shares sharply lower. But tariffs remained a drag.
Thousands of Argentines demonstrated on Thursday against President Javier Milei's plans to drastically overhaul the country's labor laws to make work more flexible, restrict the right to strike and make it cheaper to fire workers. Milei's government maintains that Argentine's current labor laws are too restrictive and dissuade employers from on-the-books hiring.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced plans to launch a microfinance bank and is seeking CBN's licence.
The largest Western bank still operating in Russia was on Thursday ordered to pay nearly $400 million in compensation for losses incurred by Russian company Rasperia due to European sanctions. According to Washington and Brussels, Rasperia is linked to the Russian businessman Oleg Deripaska, who has been under Western sanctions since Russia's invasion of Ukraine in 2022.
The Nigeria Customs Service (NCS) has announced a 3% fine for commercial banks defaulting in or delaying the remittances of its duties, threatening to publish names.
Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology. TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.
US consumer inflation slowed unexpectedly in November, delayed government data showed Thursday, although levels remained higher than earlier in the year before President Donald Trump's tariffs flowed through the economy.
Economy
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