The Nigerian government under President Bola Tinubu has reacted to the United States' backers' call for the abolition of Sharia law, outlining its stance.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could trigger hefty fines -- and ordering Apple to make its iPhone interact better with rivals' devices. US prosecutors accused Apple of making it hard for its users to interact easily with Android phone users and with rival smartwatches.
UniCredit's chief executive said Wednesday he could wait until 2027 to determine whether a takeover of Germany's Commerzbank made sense for Italy's second-largest bank. "At this point, patience is the most important point because we need to execute on our plan, get it done well," said UniCredit chief executive Andrea Orcel Wednesday.
Earlier in 2024, Nigerian Breweries acquired 80% stakes in the company. The latest acquisition of the remaining 20% means 100% ownership of the wine maker.
The global music industry raked in a record $29.6 billion last year as online streaming propelled revenues to their highest level since records began in the 1990s, new figures showed on Wednesday. Streaming now accounts for more than two-thirds (69 percent) of global revenues, or $20.4 billion.
Spanish bank Santander announced Wednesday plans to close one fifth of its UK branches, impacting 750 jobs, as the switch to online banking gathers pace. As part of the restructuring, Santander plans to contribute to the expansion of local banking hubs and to use "community bankers" who will provide face-to-face support.
Groups from five African countries filed fraud and corruption complaints Wednesday accusing French billionaire Vincent Bollore and one of his sons of illegally obtaining and benefitting from port concessions. Wednesday's complaint now accuses Bollore of corruption, benefitting from influence peddling and the unlawful taking of interests of local officials in Cameroon, Ghana and Ivory Coast.
The FX crisis started in 2023 and has since continued, resulting in almost 300% depreciation of the naira. Businesses like Dangote's have suffered huge losses.
PENGASSAN members had staged a protest at the company headquarters, over discrimination against Nigerians and other anti-labour practices, but nothing was done.
For the second time this month, the Debt Management Office is opening auction of two FGN bonds with attractive returns. The agency has listed benefits of subscribing
Economy
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