Governor Siminalayi Fubara of Rivers has address a major allegation that was leveled against him by his estranged political godfather and FCT Minister Nyesom Wike.
Nigeria's banks face a recapitalisation deadline by March 31, 2026, prompting strategic shifts as lenders aim for long-term stability and financial resilience.
Heritage Bank’s operating license was revoked in June 2024, and the Nigeria Deposit Insurance Corporation took over its assets to liquidate and settle depositors.
The arrests were made in a South-eastern state in Nigeria, after the commission received a tip-off about the unauthorised buying of NIN from the public.
US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.
Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and worsening trade wars. In March, Delta had trimmed its first quarter forecast on the weakening outlook.
Recently published data show that the US import from Nigeria in January and February 2025 amounted to about $643 million amid 25 banned items from the US.
US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.
Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders. Tata Steel in November 2023 announced it was scrapping 800 jobs but in reality few jobs were slashed after the announcement.
For Tony Healy, an Irish whiskey producer in Dundalk, near the UK border with Northern Ireland, US tariffs of 20 percent on EU alcoholic drinks were a huge and unexpected "curve ball". Producers in the Republic of Ireland are looking enviously at distilleries across the border in the UK region of Northern Ireland where the tariff rate is just 10 percent.
Customs duties, or tariffs, have become a political punching ball as the European Union prepares to respond to US President Donald Trump's recent offensive. Typically, very low customs duties are applied to oil or liquefied gas "because consumers and companies need them, and the European Union does not necessarily produce them," said Guimbard.
Economy
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