A powerful minister in Tinubu’s cabinet has been told to resign immediately amid claims of “divided loyalty,” adding a new twist to the insecurity issue.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
Nvidia on Monday announced plans to build top-end artificial intelligence supercomputer chips entirely in the United States for the first time. "The engines of the world's AI infrastructure are being built in the United States for the first time," Nvidia chief executive Jensen Huang said in the blog post.
Argentina's currency dropped 8.4 percent against the US dollar as markets opened in Buenos Aires Monday, after the partial lifting of exchange controls in place for six years. "Everyone is waiting to see what happens," a trader told AFP. There are fears that loosening exchange controls could fuel inflation, which has dropped under Milei from 211 percent in 2023 to 118 percent last year.
Beijing on Monday warned against "politicising" the rescue of Chinese-owned British Steel, as the UK government raced to secure raw materials to keep the country's remaining steelmaking blast furnaces running. He added the government is "confident in securing the supply of materials needed" to keep running the two blast furnaces at the plant -- the last in the UK which makes steel from scratch.
According to Dr. Dele Alake, Nigeria's Minister of Solid Minerals Development, U.S. tariffs may benefit African economies by encouraging intra-African trade.
After deporting over 200 Nigerians from the US, the Department for Homeland Security is going after more foreign nationals, and has announced heavy penalties.
With oil revenues falling and the naira under renewed pressure, economists are warning of deeper macroeconomic challenges ahead. Naira has depreciated again.
Keep in mind that the government is also set to commence direct flights to other countries like Tunisia and Algeria, as part of measures to deepen bilateral ties.
Britain's government on Monday raced to secure raw materials to keep the country's last steelmaking blast furnaces running after passing emergency legislation to take control of British Steel. The Labour-run government must now secure the materials to keep the two blast furnaces at the plant -- the last in the UK which makes steel from scratch -- running.
Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors. Google is facing two cases and was found guilty of search-market dominance abuse last August, while Apple and Amazon are also heading to court.
Economy
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