Abba Atiku Abubakar, son of the former vice president, Atiku Abubakar, has dumped the camp of his father and joined the ruling APC, endorsed President Bola Tinubu.
Nigerians will face a new 7.5% VAT on digital banking services from January 2026, sparking concerns over financial strain amid criticism from consumer groups.
The Central Bank of Nigeria (CBN) has reported a growth in Nigeria's net foreign exchange reserves, which hit $23,11 billion in 2024, marking an improvement.
Before May 2023, fuel importation was the order of the day and the tank farms received high patronage, but all that changed after fuel subsidies were removed.
Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties. DWS had already been hit in 2023 with $19-million penalty by financial regulators in the United States over misleading green statements.
President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".
New rules came into force Wednesday requiring European visitors to the UK to buy an online entry permit as the government revised longstanding regulations to boost border security.
Heathrow airport was warned about its power supply in the days before the entire hub was shut down due to an outage that caused massive disruption, lawmakers were told on Wednesday.
Air traffic in Nigeria is now in a major decline as NCAA data shows almost 50,000 missing or delayed luggage, with thousands still unaccounted for.
Greece will spend 25 billion euros ($27 billion) through to 2036 in the "most drastic" defence overhaul in its modern history, Prime Minister Kyriakos Mitsotakis said on Wednesday. "Τhe plan involves the most drastic transformation of the armed forces in the country's modern history," Mitsotakis told parliament.
Swedish insurance company Folksam said Wednesday it had given up its $160 million stake in Tesla due to the electric carmaker's approach to labour rights. Folksam said that Tesla's approach to its employees' rights to unionise was "problematic" given its investment criteria, and that attempts to influence the company as a shareholder had been ineffective.
Economy
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