Ahead of the 2027 general elections in Africa's largest democracy, Nigeria, Peter Obi has been predicted to work for President Bola Ahmed Tinubu.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
Asian markets retreated Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the day.
Australia banned under-16s from social media in a world-first crackdown on Wednesday, declaring it was time to "take back control" from formidable tech giants. "We will take back control."
The US Federal Reserve is expected to deliver a further interest rate cut Wednesday despite divisions among its ranks, with chief Jerome Powell's ability to secure support from fellow policymakers put to the test.
EU countries and lawmakers will wrangle Thursday over whether to give plant-based "sausages" and veggie "burgers" the chop, amid a push to restrict such labels to meat products. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.
South Korean chip giant SK hynix said on Wednesday it was considering a US stock market listing using treasury shares as part of efforts to boost shareholder value. In a regulatory filing, SK hynix said it was "considering various measures to enhance shareholder value, including listing on the US stock market using treasury shares, but no decisions have been finalised yet".
ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday. Under either investment scenario, the low-carbon ventures represent a small percentage in the company's overall capital budget, which is still heavily tilted towards conventional fossil fuels.
Canada on Tuesday launched a CAN$1.7 billion ($1.2 billion) program to recruit leading global researchers, part of the effort to poach intellectual talent looking to leave the United States because of President Donald Trump's policies. Canada's federal government has now joined this effort, in what it called "one of the largest recruitment programs of its kind globally."
The US Supreme Court heard arguments on Tuesday in a Republican challenge to campaign finance rules that could impact next year's midterm elections. It was unclear during oral arguments on Tuesday how the court would rule although several of the six conservative justices on the nine-member court appeared inclined to strike down the restrictions.
The Federal Government has banned MDAs from accepting physical cash and directed them to deploy POS terminals within 45 days, due to revenue leakages.
Economy
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