Primate Elijah Ayodele warns that President Bola Tinubu could face reduced support in the 2027 election amid alleged growing dissatisfaction with his administration.
Naira strengthens in official and parallel markets as reserves top $54.72bn; dollar turnover falls 28.4%, with ₦1,300 projected by 2026 as naira gains persist.
The Nigerian naira has rebounded slightly against the dollar after starting the month of May on a negative note following the drop in crude oil prices.
Banks and merchant banks have refrained from lending to the real sector due to the increasing threat to Nigeria's economic climate posed by supply chain problem.
Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.
In an attempt to secure their current licenses ahead of the CBN recapitalisation deadline, several Nigerian banks are now going after private investors.
American investor Warren Buffett, 94, will remain as chairman of Berkshire Hathaway's board of directors once he steps down as chief executive at the end of this year, the conglomerate announced Monday.
The Nigerian government plans to increase electricity tariffs across various bands, but a recent poll shows that 3 in 4 Nigerians are against the move.
French President Emmanuel Macron and European Commission head Ursula von der Leyen took aim at Donald Trump's policies on science on Monday, as the European Union seeks to encourage disgruntled US researchers to relocate to Europe.
Spain welcomed a record 17 million foreign tourists in the first three months of 2025 as the buoyant sector drives an economy outshining European peers, official data showed on Monday. Britain, France and Germany supplied the most holidaymakers to the world's second most-visited country, which last year hosted a record 94 million foreign tourists seeking its sun, beaches and culture.
The cause of last week's massive power outage in Spain and Portugal remains unclear but it has shone a spotlight on solar and wind energy, which critics accuse of straining electricity grids. - No sun or wind - Just before the massive blackout on April 28, wind and solar power provided 70 percent of Spain's electricity output.
Economy
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