The APC has been defeated in one of the six area councils in Abuja and the PDP bounced back in major victory as INEC announces major winner in the ongoing election.
West African leaders are uniting to advance the Eco currency initiative, with Nigeria's central bank pivotal in shaping its launch and future economic stability.
The central bank governor of G20 chair South Africa warned Thursday that the ongoing trade talks sparked by US President Donald Trump's tariff plans could prolong uncertainty in the global financial markets. This, he added, meant that the uncertainty that has roiled global financial markets could be around for a "long" time to come.
As inflation raises the cost of living across Nigeria, a new survey has revealed a widening gap between the rich and poor. It shows how much Nigerians really earn.
Grupo Modelo, the producer of Corona and other Mexican beer brands, said Thursday that it would invest more than $3.6 billion in Mexico despite trade tensions with the United States. Last month, US retail giant Walmart said that it would invest more than $6 billion in Mexico this year, generating several thousand jobs.
American Airlines withdrew its full-year profit forecast Thursday, citing economic uncertainty that has clouded its outlook for hiring and capacity additions. While American plans to add between two and four percent flying capacity in the second quarter, the outlook is fuzzier for the second half of 2025.
Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the world's largest car market, seeking to claw back sales lost to domestic rivals. Volkswagen, the largest foreign automaker operating in the country, announced that by 2027 it would release more than 20 new cars for the local market.
President Donald Trump should be free to voice his opinion about the US Federal Reserve, a senior bank official said Thursday, while defending the central bank's independence to tackle inflation.
The activities of multiple refineries in Nigeria has increased refining capacity and marketers are projecting when Nigeria will become a net exporter.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has sent out a notice to shipowners as the Federal Government finally makes Cabotage funds available.
After years spent working in sweatshops in California, Francisco Tzul got a job at a trendy lingerie brand that prides itself on ethical business practices and a "Made in America" approach. "My whole point was that I wanted to... create jobs in an ethical way, and now they're making it impossible for me to do that," Hughes said.
Economy
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