It was another tragedy in the south-south as a prominent outspoken politician and popular APC chieftain died, a day after the demise of Senator Peter Nwaoboshi.
The Federal Government has launched YouthCred, a new scheme allowing Nigerian youths aged 18–39 to access loans up to N5 million with flexible repayment terms.
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).
Just days after major network operators warned about imminent network blackout, the federal government has set up a panel to look into possible cable cuts.
Producers of one of Nigeria's most preferred rice brand are to be acquired by Saudi Agriculture and Livestock Company (SALIC) in a multi-billion dollar deal.
Facing a slowing German economy, high energy bills, onerous bureaucracy and the threat of US tariffs, a Black Forest-based factory equipment maker is issuing a plea for help to the country's next government. And now the company, which has about 3,700 workers worldwide, is facing the threat of US tariffs after Donald Trump's return as US president.
The Indonesian government has agreed to terms with Apple to lift a ban on sales of the iPhone 16 model, a government source familiar with the matter told AFP on Tuesday, ending months of negotiations between Jakarta and the tech giant. The government source did not disclose any information about the terms, nor when the agreed conditions would be presented to the public.
The Nigeria Customs Service (NCS) has asked importers to recapture their entries following the cancellation of the four per cent Free-on-Board (FOB) charge.
Economy
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