Mohammed Badaru and four other ministers and appointees of President Bola Ahmed Tinubu have resigned. The full list of exits from his administration has emerged.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
Danish pharmaceutical giant Novo Nordisk, maker of weight-loss drugs Ozempic and Wegovy, announced Thursday an unsolicited bid to acquire obesity treatment maker Metsera, topping an offer from US rival Pfizer which called the move "reckless". Pfizer called Novo Nordisk's offer a "reckless and unprecedented proposal".
Recording industry giant Universal Music Group said Thursday it had struck a licensing deal with AI music generation startup Udio, in an industry-first tie-up aiming to launch an AI creation platform next year.
A rare meeting between leaders Donald Trump and Xi Jinping has succeeded in temporarily stabilising US-China relations, analysts said on Thursday, with the talks drawing cautious optimism on the streets of Beijing. - Beijing residents told AFP on Thursday they hoped to see a knock-on effect from the talks.
The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday, buoyed by better-than-anticipated growth in France despite political turmoil in Europe's second-biggest economy. Thursday's data also showed the eurozone economy grew by only 0.1 percent in the second quarter of this year.
British oil and gas giant Shell on Thursday said its net profit rose 24 percent in the third quarter as trading margins and sales volumes improved, despite falling oil prices. - Lower oil prices - French rival TotalEnergies also reported a sharp rise in third-quarter net profit on Thursday, jumping 61 percent to $3.7 billion.
Economists and policy analysts have asked the Central Bank of Nigeria (CBN) to introduce higher naira notes, such as N10,000 and N20,000 notes to ease portability.
British entrepreneur Richard Branson vowed Thursday to "shake up" cross-Channel train services after regulators approved a key bid by his Virgin Group to share an east London depot with Eurostar. Although the tunnel is only used at about 50 percent capacity, previous rival bids for a new Channel service have hit hurdles including regulation and restricted station capacity.
Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche. It is the latest bad news for VW and the wider German auto industry, and reflects broader problems for traditional manufacturers in Europe's struggling top economy.
A beaming US President Donald Trump hailed his "great success" in talks with Chinese President Xi Jinping in the South Korean city of Busan on Thursday. However, he said after the talks in Busan the tariffs would be reduced to 10 percent -- bringing overall US tariffs on Chinese goods to 47 percent.
Economy
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