Nigeria and the World Bank cancel $717.7m in funds for electricity reforms, raising concerns over ongoing power supply crises and future infrastructure investments.
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Eid al-Adha: Nigerian bank subsidises ram sales, residents rush to buy for N20,000
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CBN announces next step for five Nigerian banks that failed to meet recapitalisation target
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Naira trades at new rate as CBN injects N9.71 trillion to boost value
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Naira strengthens across official, black markets as FX reserves rise and dollar weakens
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FG begins new tax incentive system, 149 pioneer companies to enjoy tax exemption
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FG rolls out nationwide livestock empowerment programme, targets 1000 youths per state
The federal government of Nigeria has said that 1000 youths will be selected in each state of the country, and empowered to embark on a livestock project.
Distrusting Argentines loath to bank their 'mattress dollars'
Argentine "Rita Lopez," 84, keeps her US dollars hidden in an empty pea can in the kitchen. Either way, Lopez insists nothing can get her to part with her pea can.
Naira records highest appreciation in one month as CBN pumps more FX
The Nigerian currency has recorded its highest gains in 30 days, appreciating to N1,579 per dollar, up from N1,583.92 recorded the previous day at NFEM.
UK retailer suspends Labubu toy sales amid safety fears
A retailer in the UK has suspended in-store sales of Labubu toys amid rising concerns over public safety and staff threats, following reports of global thefts and queue violence tied to the sought-after collectibles. In California, The Sun reported a car break-in in which three Labubu toys were taken.
"Still more debts", petroleum marketers reveal how much FG still owes as bridging claims
The bridging claims now amount to over N200 billion having accumulated since 2022. However, the marketers revealed that the NMDPRA has paid part of the debt.
When London stood still For Nigerian tax icon, Zacch Adedeji
The Chairman of Nigeria's Federal Inland Revenue Service (FIRS), Zacch Adedeji, has been honoured by the Commonwealth of Tax Administrators (CATA).
S.Africa moves to ease black empowerment law under Starlink pressure
South Africa's government is moving towards easing its black ownership laws in the telecoms sector -- a policy change that would smooth the way for Elon Musk's Starlink to enter the local market.
FG recovers over $200 million bond from P&ID case, additional £10 million awarded
The Nigerian government was made to deposit a $200 million arbitration bond during the long-drawn case against Process and Industrial Development (P&ID).
Trump fires new tariff threats at Apple and EU
President Donald Trump ratcheted up the US trade war on Friday, threatening to impose a new 25 percent levy against Apple, and a 50 percent tariff on the European Union. Lamenting that negotiations with the EU "are going nowhere," Trump said on Truth Social that he is recommending "a straight 50% Tariff on the European Union, starting on June 1, 2025."
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