The Nigerian senate, led by Godswill Akpabio, has called on President Bola Tinubu to sack the registrar-general of the CAC amid unfolding developments.
The Nigerian naira experiences a slight decline after impressive gains, prompting CBN's dollar purchases to stabilise the currency amidst cautious market optimism.
The Nigerian National Petroleum Corp (NNPC) Limited has clinched a breakthrough export deal and will ship out its cargo to the customer in a few days.
The World Bank has explained that the $10.50 million funding sought by the Central Bank of Nigeria was a grant and not a loan as previously reported.
Should the European Union target US Big Tech and services in response to President Donald Trump's tariff onslaught? Backed by Germany and Austria, Paris has been pushing for the EU to consider targeting US services, including digital -- drawing fire from Ireland which relies heavily on US investment, particularly in the pharmaceutical and tech sectors.
Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said. "It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights... has become the subject of an allegation of conduct contrary to these principles," it said.
One of these companies secured secured 24 permits to generate electricity with mini-grids in 24 locations across Benue, Nasarawa, Niger, Ondo and Kano States.
US buyers have begun halting orders from Bangladesh, the world's second-biggest garment manufacturer, after punishing US tariffs, leaders of the South Asian nation's critical industry warned on Monday. US President Donald Trump hit Bangladesh with punishing new tariffs of 37 percent on Wednesday, hiking duties from the previous 16 percent on cotton products.
Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis. - 2020: Pandemic - Global stocks crashed in March 2020 after the World Health Organization declared Covid-19 a pandemic, putting much of the world under lockdown.
The NGX noted that this move will ensure transparency in the capital market as the affected companies had defied repeated warnings and suspension.
Hong Kong small-time investors were left reeling on Monday as US President Donald Trump's punishing tariffs and Beijing's retaliation saw the city's stock market suffer its worst day in almost three decades. Lawyer Ray Chan, 30, was among those left unscathed on Monday, as he sold all his Hong Kong and US shareholdings two weeks ago, netting gains in the seven figures.
Economy
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