Former President Olusegun Obasanjo has finally taken action over Ayo Fayose's $20,000 collected to attend the ex-Ekiti state governor's birthday.
The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
Tesla is recalling more than 46,000 Cybertrucks because of a defect that can lead an exterior panel to detach, increasing the risk of a crash, according to a safety notice reviewed Thursday by AFP. The recall affects essentially all of the futuristic-looking vehicles delivered in the United States.
Switzerland's central bank cut its key interest rate on Thursday, citing the "high uncertainty" in the global economy triggered by US President Donald Trump's tariff wars. However, "This scenario for the global economy is currently subject to high uncertainty.
Sales of previously owned homes in the United States topped analysts' expectations in February, as increasing inventory allowed more buyers to enter the property market, according to industry data released Thursday. "Home buyers are slowly entering the market," said NAR chief economist Lawrence Yun.
The CBN Monetary Policy Rates, also known as interest rates, have generated a lot of discussions since 2024 especially due to the repeated decisions to increase them
The NBA's Boston Celtics are being sold to the head of a California private equity firm for $6.1 billion, a record price for a US sports franchise, The Boston Globe reported Thursday. It said the $6.1 billion purchase price is the highest ever paid for a North American sports team, surpassing the $6.05 billion paid for the NFL's Washington Commanders.
The EU said Thursday its tariffs targeting American goods in retaliation for US levies on steel and aluminium would start in mid-April, two weeks later than planned, to give more time for dialogue.
The Bank of England kept its key interest rate at 4.5 percent Thursday, as it warned of "a lot of economic uncertainty" caused largely by US President Donald Trump's tariffs. "There's a lot of economic uncertainty at the moment," Bank of England governor Andrew Bailey said in a statement.
The once-pristine white oil tanks of Sudan's largest refinery have been blackened by nearly two years of devastating war, leaving the country heavily dependent on fuel imports it can ill afford. As the refinery grew nearer, the blackened skeletons of storage tanks loomed in the distance and the acrid smell of burnt oil grew stronger.
Despite recording major FX losses, the major telecom operators will still be able to declare profits by the end of 2025. Analysts have listed factors that will help.
Economy
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