The 16th and current president of Nigeria, Bola Tinubu, has reacted after a prominent minister won an international election on Tuesday, February 10, 2026.
Nigeria's banks face a March 2026 recapitalisation deadline. Top performers like Access and Zenith exceed targets, while others risk mergers or exits if they fail.
With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China. Here is a rundown of what tariffs Trump has implemented in his second presidency, as a trade fight between Washington and Beijing again heats up.
Latin American leaders on Wednesday urged a united front to tackle US President Donald Trump's tariff onslaught and the economic uncertainty it has brought. Trump's tariffs on imports of non-US products, some of them suspended and altered numerous times, threaten economic disruption for CELAC economies.
The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump raised tariffs on China to 125 percent on Wednesday as the world's two largest economies fought over retaliatory levies.
Argentina is bracing for fresh austerity protests Wednesday, with a 24-hour general strike slated to start at midnight against President Javier Milei, who remains focused on Washington and a new IMF loan. Thursday's labor action will be the third general strike in budget-slashing Milei's 16-month-old presidency, and was called by unions to protest his brand of "chainsaw" austerity.
German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged down its first quarter operating profit. Trump last month announced a 25-percent tariff on autos imported to the United States, which is the number one destination for German car exports.
Heritage Bank’s operating license was revoked in June 2024, and the Nigeria Deposit Insurance Corporation took over its assets to liquidate and settle depositors.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.
Economy
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