On Monday, December 1, 2025, the defence minister, Mohammed Badaru Abubakar, resigned his appointment from President Bola Tinubu's administration.
The Abia state governor, Alex Otti, has announced plans to begin the gradual payment of 20-year gratuity to pensioners, setting aside N60 billion for the scheme.
The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said Tuesday at the World Trade Organization. "These tariff shocks heighten economic uncertainty, disrupt global trade, and risk domestic inflation, market distortion, or even global recession."
Nigerian Breweries Plc has hit a new milestone, raking in over N1 trillion revenue in 2024 financial year despite economic challenges that had others posting losses.
Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.
The US Senate is expected to confirm Wall Street billionaire Howard Lutnick as commerce secretary Tuesday, a key step towards the rollout of President Donald Trump's "America First" trade policy with tariffs used as a broad negotiation tool. Already, the commerce secretary has a broad agenda to implement and negotiations with some of the United States' biggest trading partners to contend with.
As the Central Bank of Nigeria continues to drive the vision of a cashless economy, Nigerians appear to be resorting to POS operators for quick access to cash.
German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country's auto sector. Sports car maker Porsche announced 1,900 layoffs last week, citing weak demand for its electric cars, and Volkswagen last December reached an agreement with unions to cut 35,000 jobs across its German locations by 2030.
The National Bureau of Statistics (NBS) have released shocking figures showing that inflation is down, in the newly rebased Consumer Price Index (CPI) report...
The Nigeria Civil Aviation Authority (NCAA) has received about 2800 complaints against domestic and international airlines over maltreatment and flight delays...
Radically changing the European economy is more urgent than ever after US threats of a trade war with the EU, the author of a seminal report, Mario Draghi, warned Tuesday. "The sense of urgency to undertake the radical change that the report advocated has become even greater," Draghi told the European Parliament.
Economy
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