The PDP, which governed Nigeria from 1999 to 2015, has announced its consensus presidential candidate for the 2027 elections following internal party processes.
Nigeria and the World Bank cancel $717.7m in funds for electricity reforms, raising concerns over ongoing power supply crises and future infrastructure investments.
US President Donald Trump said Tuesday that China has gone back on a major Boeing deal, after a news report that Beijing ordered airlines not to take further deliveries of the US aviation giant's jets. Trump took aim at Beijing again on Tuesday, saying on Truth Social that China did not fully fulfil an earlier trade deal.
Social media titan Mark Zuckerberg took the stand for a second day Tuesday in a landmark US antitrust trial where his conglomerate Meta is accused of taking over Instagram and WhatsApp before they could become competitors.
The US rating agency, Fitch Ratings, has projected that Nigeria may spend about $5.2 billion on external debt servicing in IN 2025, exceeding 2024 record.
Days before the crash of the CBEX platform, SEC warned Nigerians against investing with unregistered online trading or investment platforms in a statement.
The blistering tariff war launched by Donald Trump this month cast a shadow Tuesday as businesses met to strike deals at a trade show in southern China, for decades a key hub for exports to the United States. She told AFP at the firm's booth that the trade war will still hurt -- even though it does a limited amount of business with the United States.
Nigerian banks face a recapitalisation deadline by 2026, with the CBN enforcing strict rules to guide the sourcing of funds. Some banks may downgrade by 2026.
China has told its airlines to stop taking deliveries of jets from American aviation giant Boeing, a report said Tuesday, as a trade war between Beijing and the United States deepens. Bloomberg News reported Tuesday that China had also ordered airlines to halt deliveries of Boeing planes, citing people familiar with the matter.
Japanese authorities said Tuesday they had issued a cease-and-desist order to US tech titan Google over an alleged violation of national antitrust laws. The problem is "related to the implementation of search functions for Android smartphones, in violation of the antitrust law", she said.
After achieving one month of uninterrupted power supply, Aba Power Plc has now partnered meter vendors to ensure that all 350,000 customers get metered.
Economy
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