Nigerian soldiers’ pay was raised to N100,000, Defence Minister Musa confirmed, while noting funding gaps and urging death penalty for kidnappers.
The Nigeria Immigration Service introduces a Contactless Passport Application System for Nigerians abroad, simplifying renewals and maintaining identity verification
Top finance leaders from the G7 nations gather in Canada starting Tuesday, with concerns including war in Ukraine at the fore while the advanced economies grapple with fallout from US President Donald Trump's sweeping tariffs.
Asian markets rose Tuesday as investor sentiment returned following the previous day's US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows. Both rates were last cut in October to what were then record lows.
India's plans to massively expand coal-based steel and iron production threaten global efforts to reduce the sector's carbon emissions, a key contributor to climate change, a report said Tuesday. Meanwhile India, which targets carbon neutrality only by 2070, plans to massively expand domestic capacity.
Chile's state-owned copper giant Codelco announced a partnership on Monday with British-Australian miner Rio Tinto to extract lithium from a salt flat that contains the world's second-biggest deposits of the prized metal.
Nigerians and others looking to relocate to Canada for work opportunities now have more to worry about, as foreign workers in Canada face fear of deportation.
The CEO of CBS News, one of America's best-known broadcast media outlets, quit Monday citing a "challenging" last few months as the network became embroiled in legal and business tensions with the Trump administration. "The past few months have been challenging," CEO Wendy McMahon wrote in a goodbye letter to staff.
Securing South Africa's trade ties with the United States will be a key aim of President Cyril Ramaphosa, who Monday began a Washington visit that will feature a meeting with Donald Trump, Ramaphosa's office said.
The ban on alcoholic drinks in sachets and PET bottles was first raised in 2018, and confirmed for implementation in 2024. NAFDAC has confirmed the effective date.
The Nigerian currency, the naira, has continued its appreciation against the dollar in the foreign exchange market, at N1,597 per dollar on Monday, May 19, 2025
Economy
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