President Bola Tinubu nominates 32 ambassadors for Senate approval, including high-profile non-career nominees like Reno Omokri and Femi Fani-Kayode.
Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
Starbucks was facing another lawsuit over a spilled hot drink Wednesday, just weeks after a court ordered the coffee giant to pay $50 million to a man who was injured by a cup of tea. Last month a jury in Los Angeles ordered the firm to pay $50 million to delivery driver Michael Garcia, who suffered burns when a super-sized drink spilled in his lap at a drive-through.
The Interest rates increased from 18.75% at the beginning of 2024, to 27.50% at the end of the year. The financial reports show that banks earned a lot from loans.
Tesla reported a 13 percent drop in first quarter auto sales Wednesday amid lower production during factory upgrades and blowback over CEO Elon Musk's work for President Donald Trump's administration.
Japanese video game giant Nintendo announced Wednesday that its new Switch console would be available on June 5, starting the countdown for one of the most hotly awaited gaming launches in years. It will launch on the Switch 2 in June and be included for the sale price, which was not revealed.
The Central Bank of Nigeria (CBN) has reported a growth in Nigeria's net foreign exchange reserves, which hit $23,11 billion in 2024, marking an improvement.
Before May 2023, fuel importation was the order of the day and the tank farms received high patronage, but all that changed after fuel subsidies were removed.
Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties. DWS had already been hit in 2023 with $19-million penalty by financial regulators in the United States over misleading green statements.
President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".
New rules came into force Wednesday requiring European visitors to the UK to buy an online entry permit as the government revised longstanding regulations to boost border security.
Economy
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