Nigerians have started expressing mixed reactions over the life imprisonment handed over to estranged leader of the proscribed IPOB by Federal High Court.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
The federal government owes huge sums to the electricity generation and distribution companies, and these debts are inhibiting the players from investing.
Italian fashion house Prada announced Thursday it had reached a deal with US group Capri Holdings to buy its flashy rival Versace for 1.25 billion euros ($1.38 billion). In 2018, Capri paid 1.83 billion euros (then $2.1 billion) to acquire Versace, which was previously owned 80 percent by the Versace family and 20 percent by the US investment fund BlackRock.
Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite in terms of style. Made from silk and lycra, with a sharply plunging neckline and a long slit up the side, the dress was held together by several oversize golden safety pins.
US consumer inflation cooled last month on plunging gas prices, according to government data published Thursday, as consumers and businesses waited nervously for President Donald Trump's sweeping tariffs to come into effect.
Nineteen films were announced Thursday in the main competition at Cannes Film Festival, which kicks off on the French Riviera on May 13. - 'Sentimental Value' by Joachim Trier (Norway) - A comedy drama featuring a filmmaker trying to reconnect with his daughters from a director whose last feature "The worst person in the world" also premiered in competition at Cannes in 2021.
As stock prices flashed across a huge screen at a bustling intersection in China's business hub Shanghai, finance workers shared their concerns after getting front-row seats to the global market turmoil wreaked by Donald Trump this week.
The US dollar soared against the naira on Wednesday, April 9, 2025, despite CBN's injection of $197.71 million into the foreign exchange market to boost liquidity.
There has been a public outcry against exploitative real estate practices, with many Lagosians complaining of fees running as high as 40% of rents.
Leading economic institutes Thursday slashed their 2025 growth forecast for Germany to near stagnation, warning Europe's struggling top economy will face extra pain from US President Donald Trump's tariff blitz.
Economy
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