Ahead of the 2027 general elections in Nigeria, key political structures believed to be backing former Governor Peter Gregory Obi have been identified.
CBN has eased its cashless PTA and BTA rule, allowing 25% cash access for travellers. Discover key reforms in the new FX Manual aimed at boosting investor confidence
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
Since 2019, over 400 filling stations in border communities have been shut down, but the federal government recently lifted the restriction, allowing some to resume.
The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats. His Labour government added it is "the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU".
A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.
The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout. The trade gap was the result of a 4.4 percent rise in imports to $419.0 billion, as people rushed to buy goods ahead of the introduction of the widely trailed tariffs.
The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout. This is a challenging situation for the Fed's rate-setting committee, which began its two-day meeting in Washington at 8:30 am local time (1230 GMT).
Nigeria is making her strides to join the rest of the world in the transition to clean energy, and has waived VAT on Compressed Natural Gas (CNG) and others.
Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk. Some German Tesla drivers have put "I bought this before Elon went crazy" stickers on their vehicles and the backlash has also taken more forceful forms.
The EU on Tuesday is due to unveil a keenly anticipated plan to phase out its remaining gas ties to Moscow, a challenge given Europe's longstanding dependence on Russian fossil fuels. The commission has highlighted its efforts to reduce dependence on Russian fossil fuels since the 2022 invasion of Ukraine.
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