Ahead of the 2027 election, Primate Babatunde Elijah Ayodele has released a prophecy on the presidential ticket that may sack President Bola Ahmed Tinubu.
Nigeria's naira appreciated by 4.13% in February, buoyed by higher oil prices and improved reserves, despite Central Bank interventions to maintain stability.
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc's trade chief said Wednesday. He was speaking in Singapore after signing a digital trade agreement between the EU and the city-state on Wednesday.
Mexico will fight to keep its free trade agreement with the United States and Canada in the face of President Donald Trump's trade war, Mexican President Claudia Sheinbaum said Wednesday. The United States-Mexico-Canada Agreement (USMCA) replaced the previous NAFTA accord in July 2020, after Trump successfully pushed for a renegotiation during his first term in office.
After months of battling gas supply problems, Nigeria's number one gas supplier, NLNG, has entered a deal with Seplat that has the potential to change the situation.
Foreign exchange inflows into the Nigerian forex market dropped significantly in April following the ongoing global tariff war and falling crude oil prices.
The EU is preparing to hit US goods worth nearly 100 billion euros ($113 billion) with tariffs in retaliation for President Donald Trump's sweeping levies if talks fail, European diplomats told AFP Wednesday.
Germany's new Chancellor Friedrich Merz said on Wednesday EU countries should "quickly" ratify a free trade deal with four South American nations that has met with staunch opposition from France. "The Mercosur deal should be ratified quickly and implemented," Merz said at a joint press conference with President Emmanuel Macron as he visited Paris on his first trip abroad.
The Walt Disney Company on Wednesday unveiled plans for a new theme park in the United Arab Emirates, underscoring the country's emergence as a financial and entertainment global hub. Disney's announcement came ahead of US President Donald Trump's visit to Saudi Arabia, Qatar and the United Arab Emirates next week.
Germany's new Finance Minister Lars Klingbeil said Wednesday there was "no time to lose" to jump-start Europe's beleaguered top economy, even as hardline US trade policies complicate his task. Klingbeil also said that he would speak with European finance ministers Wednesday and that a key challenge would be finding ways of boosting investment using EU institutions.
Despite tomato prices surging almost 1000% in 2024, the farmers still recorded huge losses amounting to N1.3 billion. This has been traced to Tomato Ebola.
Economy
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