President Bola Tinubu has sent a surprise warm message to opposition candidate in the 2027 election, Rabiu Kwankwaso, the NDC VP flagbearer. See the details.
Onafriq is closing Baxi PoS operations as inflation, naira depreciation and competition bite. Agents are given 30 days to move funds; the firm stays in Nigeria too.
NATO chief Mark Rutte wants member countries to agree at a summit in June to reach five percent of GDP on defence-related spending by 2032, Dutch premier Dick Schoof said Friday.
The Nigerian government recently launched the $100,000 Creative Economy Development Fund, asking applicants and interested persons to apply via its website.
Data from the World Bank's website has shown that Nigeria has received additional fund under its national safety net scheme, which targets 15 million households.
US President Donald Trump signaled on Friday that he could lower tariffs on Chinese imports, as the rival superpowers prepare for trade talks over the weekend. Chinese official data on Friday showed that the country's global exports rose in April despite the trade war.
Switzerland will once again Friday try to talk its way out of punitive tariffs on its exports to the United States, which would have serious ramifications for Swiss jobs and businesses.
A tax expert, Aderonke Atoyebi, has hailed the recently passed reform bill by the Nigerian Senate, describing the moves as the most significant ever.
IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a multi-billion dollar order for Boeing and Airbus planes, as it maintained its outlook despite economic uncertainty. The orders are in addition to those exercised in March for 12 Airbus and six Boeing planes, bringing the total number announced Friday to 71.
Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. Job cuts would be needed "in order for us to perform at a competitive level against other firms", he told the Nikkei.
The International Monetary Fund (IMF) has responded to mixed reactions from citizens following the announcement that Nigeria has cleared its remaining debts.
Economy
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