Sosoliso plane crash survivor, Kechi Okwuchi, has shared her harrowing experience and recounted what she did as the aircraft was about to go down.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government. The Democratic Alliance party that is a pillar of South Africa's young government of national unity immediately announced it would not support the budget.
While the naira-for-crude renegotiations are still ongoing, Dangote Refinery is not slacking and has moved ahead to source from international suppliers.
Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.
US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies. The consumer price index (CPI) came in at 2.8 percent last month from a year ago, down from 3.0 percent in January, said the Department of Labor.
The EU put on a quick show of force Wednesday against sweeping new US steel and aluminium tariffs, striking back with countermeasures that seek to hurt the United States and force it to the negotiating table. They will target US states controlled by Trump's Republican Party as well as goods that the EU believes will hurt American businesses enough to force the president to row back.
The marketers explained that the sudden price cuts from big players like the NNPCL and Dangote Petroleum Refinery is harmful to the small players in the industry.
Data from the National Bureau of Statistics (NBS) shows that China, India, Belgium, the US, and France emerged as Nigeria's top five trading partners in Q4 2024.
Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday. The battery maker stressed that in its attempts to secure financing it had found "significant traction with potential partners and interest from investors".
In the drive to cleaner energy, the federal government is out to ensure that every filling station has a CNG pump, and has detailed how the support will be offered.
Economy
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