New development has emerged concerning the reported death of the deputy governor of Bayelsa, Senator Lawrence Ewhrudjakpo, as the PDP made great release.
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
The US dollar crashed again in the foreign exchange market as the naira continued to surge against major currencies, closing at N1,501 per dollar on Tuesday.
Asian markets mostly rose on Wednesday after a poor start to the week, with Hong Kong boosted by a rebound in tech firms that had taken a hit from US moves to curb Chinese investments in the country.
The EU is expected to roll back a slew of environmental rules on Wednesday as it charges ahead with a deregulation drive in a bid to keep up with the United States and China. Climate groups oppose paring back the rules.
The EU's top team is to embark on an "unprecedented" visit to India this week, as the bloc seeks to broaden its commercial and diplomatic ties to hedge against souring relations with the United States. The trip is the latest sign of a Brussels push to diversify ties away from the United States and position itself as a reliable partner for others looking to do business.
British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy. Last year, BP announced it would "significantly reduce" investment in renewable energy through the end of the decade.
Pacific microstate Nauru is selling citizenship to fund its retreat from rising seas, President David Adeang told AFP, opening a contentious "golden passport" scheme as other climate financing runs dry. - Golden passports - Existing climate funding efforts are "not sufficient" to address the challenge, said Edward Clark, who runs Nauru's new Economic and Climate Resilience Citizenship Program.
One of the world's largest rare earths producers outside China reported slumping net profits Wednesday, pointing to a "challenging" market for the hard-to-source metals used in renewable energy technologies. It bills itself as the "world's only significant producer of separated rare earth materials outside China".
Donald Trump ordered an investigation Tuesday into possible levies on US copper imports, with officials citing a need to rebuild domestic production and safeguard national security -- the latest salvo of the president's tariff threats. Trump on Tuesday signed an executive order tasking his commerce secretary with studying copper imports in order to end unfair trade.
Former Brazilian president Dilma Rousseff has been hospitalized in Shanghai for ear inflammation, her team said Tuesday. Brazilian President Luiz Inacio Lula da Silva named Rousseff to lead the Shanghai-based New Development Bank (NDB) in 2023.
Economy
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