Tension has escalated after the Donald Trump-led US launched fresh strikes on Iran, prompting a swift retaliatory response from Tehran amid growing concerns.
The US dollar faces pressure from soaring inflation and global energy tensions, while Nigeria's naira slips despite rising investor confidence and reserves.
India has signed a contract to purchase 26 Rafale fighter jets from France, New Delhi's defence ministry said Monday, with the multi-billion-dollar deal to include both single and twin-seat planes. "The governments of India and France have signed an inter-governmental agreement for the procurement of 26 Rafale Aircraft," the defence ministry said in a statement.
When Nigerians pay their monthly rent on residential buildings, they would now be required to pay stamp duties as a tax to the government under the new law.
The FAAN recently shut down a runway at the Murtala Muhammed Airport, Lagos, due to concerns that it could endanger take-off and landing, and compromise safety.
Italian bank Mediobanca, itself battling to fend off a hostile takeover by a rival, announced on Monday a 6.3-billion-euro ($7.2 billion) bid to buy wealth management firm Banca Generali. Mediobanca is itself trying to fend off a hostile takeover by state-backed Banca Monte Paschi di Siena (MPS) as the Italian banking industry sees a wave of hostile bids.
A top Chinese economic official on Monday said Beijing was on the "right side of history" in its gruelling trade war with the United States. Speaking in Beijing at a news conference at which officials vowed greater steps to shield China's flagging economy from the impact of the standoff, senior economic planner Zhao Chenxin said Beijing was "on the right side of history".
NDIC has disbursed the first tranche of monies recovered from liquidating Heritage Bank assets. Depositors who are yet to get their payments are to lodge a complaint
Dangote Refinery has reacted to a Bloomberg report claiming that fuel supply could be impacted in West Africa due to an ongoing maintenance of a key unit.
Nigeria Customs Service recently released a report to show that rice smuggling is still at all-time high, and this influx has reflected on the price of rice.
Asian stocks were mixed Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs. The discussions will be closely watched as a barometer for efforts by other countries seeking tariff relief.
Economy
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