Godiya Akwashiki, the senator who represented Nasarawa North Senatorial District in the National Assembly, has died at the age of 52. Family sources confirmed.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
The cause of last week's massive power outage in Spain and Portugal remains unclear but it has shone a spotlight on solar and wind energy, which critics accuse of straining electricity grids. - No sun or wind - Just before the massive blackout on April 28, wind and solar power provided 70 percent of Spain's electricity output.
Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand. "Yet global growth expectations have been crumbling due to a heated trade war between the US and the rest of the world, and rising output only worsens oversupply concerns.
US President Donald Trump said Sunday he was ordering new tariffs on all films made outside the United States, claiming Hollywood was being "devastated" by a trend of US filmmakers and studios working abroad. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States," Trump wrote Sunday.
Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply.
US President Donald Trump said in remarks airing Sunday that he does not know whether he must uphold the US Constitution, the nation's founding legal document. Pressed on whether he believes he needs to uphold the supreme law of the land, Trump repeated: "I don't know."
The Central Bank of Nigeria (CBN) has incurred a loss of N9 billion, about N13.9 trillion, as it tries to save the Nigerian currency, the naira in 2024.
The Central Bank of Nigeria (CBN) has pegged the Customs exchange rate for cargo clearance at N1,601 to the dollar, due to the naira's depreciation at N1,606.
Dangote cement, BUA cement and Lafarge cement started 2025 with a strong performance, posting a total revenue of N1.53 trillion in the first quarter (Q1).
The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's largest economy.
Economy
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