The ruling All Progressives Congress (APC) senatorial candidate for Kaduna Central, Senator Shehu Sani, has gotten a new appointment ahead of the 2027 election.
IMF reveals Nigeria's naira is undervalued by 25.6%, proposing a fair rate of N1,130/dollar amid ongoing forex reforms and urges CBN to maintain rate flexibility.
Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.
The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion.
A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility. - Fuel supply 'guaranteed' - Petroecuador, which operates the facility, did not specify the amount of fuel that was in the tank when the fire broke out.
The European Union remains "fully committed" to reaching a trade agreement with the United States, the bloc's trade commissioner Maros Sefcovic said Monday following calls with top US officials. Trump has called for eliminating the EU's surplus in goods trade with the United States.
Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan.
After approving zero duties on goods contained in the AfCFTA, the government has launched the air corridor to crash export logistics costs for Nigerian exporters.
Data from the Central Bank of Nigeria (CBN) shows that Nigeria spent about $2.01 billion servicing external debts in the first four months of 2025.
US President Donald Trump said on Sunday that he would pause his threatened 50-percent tariffs on the European Union until July 9, after a "very nice call" with European Commision president Ursula von der Leyen. But he agreed on Sunday to delay the tariffs until July 9 after von der Leyen said the European Union needed more time to negotiate.
From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands, a tide of misinformation is casting a shadow over a temporary trade truce between Washington and Beijing.
Economy
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