Nigerian troops have killed notorious bandit commander Kachalla Kallamu in a major operation in Sokoto, causing confusion in the camp of kingpin Bello Turji.
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
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.
Japan's biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally. A spokesperson for Airbus said: "We are pleased that ANA has decided to grow its fleet with a new order for 24 A321neo and three A321XLR aircraft.
US Treasury Secretary Scott Bessent said Tuesday that tariffs are a crucial part of President Donald Trump's economic strategy, asserting that they can be a source of government revenue to help fund investment. They are able to boost US industrial capacity, help improve national security, and can be "an important source of government revenue, which can help fund investments," he added.
Shares of the US electric vehicle pioneer Tesla slumped as much as nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics. Alongside its European struggles, Tesla also faces stiff competition from automakers like BYD in China -- a key market for electric vehicles.
The National Bureau of Statistics (NBS) has announced that Nigeria's Gross Domestic Product which measures the economic performance grew in the fourth quarter.
The International Monetary Fund (IMF) report shows some African countries with the most debt exposure in 2025, ranking Egypt on top of the list with over $8bn.
Germany's next leader, conservative Friedrich Merz, has raised the alarm over European defence but the clock is ticking for him to muster the funds needed to refurbish the armed forces. According to Bloomberg News, he is in discussions to top up Germany's special defence fund with another 200 billion euros ($210 billion).
Economy
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