The PDP has suffered another political loss as a serving senator from Nasarawa state resigned from the party and is expected to join the coalition ADC.
As the naira dips to N1,419.71 per dollar amid cautious trading, analysts foresee stability in 2026, despite oil market uncertainties impacting Nigeria's FX inflows.
South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75 billion) for the January–March quarter, up 21.7 percent on-year.
China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.
Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors. The White House quickly shifted its tone on China and Trump reassured the public that he won't fire Powell.
US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.
China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz. Some BRICS members have, however, escaped the worst of Trump's trade ire.
France will from next year impose a handling tax for every small parcel sent from China sent by platforms such as Shein and Temu, a minister said Tuesday. French officials say that unless a European system is set up, parcels taxed by France will just enter the EU through another member country.
The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy. "The president will sign the executive order on auto tariffs later today," White House Press Secretary Karoline Leavitt told reporters.
France's beloved comic book heroes Asterix and Obelix are set for their latest incarnation in a Netflix mini-series being released Wednesday, hoping to win over new fans, notably in the United States and Asia.
US consumer confidence has fallen to its lowest level since the onset of the Covid-19 pandemic, according to survey data published Tuesday, reflecting concerns about President Donald Trump's tariff plans. Donald Trump's tariff plans have unnerved investors, sending market volatility soaring and consumer confidence plunging.
Economy
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