Obasanjo and Makinde host a pivotal summit in Ibadan uniting opposition leaders to strengthen democracy and tackle Nigeria's socio-economic challenges.
Nigeria is absent from the 2026 IMF exposure list for Africa, amid rising debts in other nations, highlighting complex trade-offs in economic reforms.
Generative artificial intelligence now threatens job roles that had earlier been thought to be secure, and the ILO report has listed the worse-hit jobs.
Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting an auction of UK government debt. The service started working again but slower at around 1000 GMT. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues".
The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States. The EU also wants to establish common labelling so companies can sell the same product in EU states without the need for different labels.
South Africa's competition authority announced Wednesday it had approved the buyout of Africa's largest pay TV enterprise MultiChoice by France's Canal+, which wants to expand its footprint on the continent. It will also maintain the MultiChoice headquarters in South Africa.
Before submitting your application for a Canadian visa, you need to be sure you have are prepared. The most confusing part of a visa denial is not knowing why.
The Nigerian currency, the naira, has continued to appreciate in the foreign exchange market on Tuesday, May 20, 2025, closing at N1,588.50 per dollar.
British clothes-to-food retailer Marks and Spencer on Wednesday said a cyberattack disrupting its online service is set to last through to July and hit group profit by around £300 million ($404 million). The impact on annual group operating profit is estimated at around £300 million, "which will be reduced through management of costs, insurance and other trading actions", the retailer added.
Britain's annual inflation rate surged more than expected in April as energy and water bills rose sharply, official data showed on Wednesday. He noted that "water and sewerage bills also rose strongly... as did vehicle excise duty, which all pushed the headline rate up to its highest level since the beginning of last year".
Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.
Economy
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