Ex-Kaduna Governor El-Rufai warns Nigeria's security focus has shifted from citizen protection to regime security, urging a return to a constitution-based framework.
Nigeria's banks face a March 2026 recapitalisation deadline. Top performers like Access and Zenith exceed targets, while others risk mergers or exits if they fail.
Sudan's gold industry has become the lifeblood of its war, with nearly all of the trade channelled through the United Arab Emirates, enriching both the army and paramilitaries, according to official and NGO sources.
German rail operator Deutsche Bahn reported another massive annual loss Thursday as it battles a "serious crisis" but said government plans to ramp up infrastructure spending could get it back on track. "Deutsche Bahn is facing its most serious crisis" since major railway reforms of the mid-1990s, said CEO Richard Lutz.
Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, saying US President Donald Trump's tariffs on the sector were partly to blame for a decision which could cost up to 2,700 jobs.
The naira fell again in the official foreign exchange market on Wednesday, March 26, 2025, trading at N1,537 per dollar from N1,532 the previous day.
Deforestation, farming and climate-fuelled fires are driving increasing threats to fungi, the lifeblood of most plants on Earth, the International Union for Conservation of Nature warned on Thursday. Deforestation, for timber or to make way for crops, is the primary existential threat to at least 198 fungi species.
Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, blaming a decision that risks up to 2,700 job losses partly on US tariffs.
The PETROAN president noted that the announcement was not meant to trigger any panic, but to alert Nigerians as to what the end of the naira-for-crude deal meant.
China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing's approval for the sale of popular social media platform TikTok. Beijing swiftly rebuffed Trump's suggestion, with its foreign ministry saying that it has "repeatedly stated our position" on TikTok.
Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.
Economy
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