Nigerians have started expressing mixed reactions over the life imprisonment handed over to estranged leader of the proscribed IPOB by Federal High Court.
The Federal Government has reopened the YEIDEP 2025 portal, offering Nigerian youths aged 18–35 grants of N50,000 to N500,000 with required documents.
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs. In late 2024, Shell announced it was cutting hundreds of jobs from its oil and gas exploration division to reduce costs.
Fed up with paying ever increasing prices at grocery stores and shopping outlets, Croatians have begun channeling their anger into a nascent boycott movement targeting retailers that shows signs of spreading across the Balkans.
Britain's vehicle production slid below one million units last year as the sector transitions to electric cars, an industry body said Thursday as it warned over US President Donald Trump's tariff threats. Output is forecast to decline further this year to 839,000 units before returning to above one million vehicles in 2028, it added.
The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday. The institute had expected the economy to post zero growth in the October-to-December period after growing by 0.4 percent in the third quarter, which includes the summer months of the Olympic games.
The naira has continued its gains against the US dollar in the official and black market windows, gaining N10 and N11 naira respectively amid CBN's new FX Code.
EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China. The car industry in particular has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles (EV) and increased competition from China.
Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. Felix Schmidt from Berenberg Bank was among economists predicting a fresh rate cut by the ECB Thursday, believing that inflation will ease in 2025.
Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China's DeepSeek explosion onto the global AI scene. The DeepSeek news provided an extra facet to the current earnings season, with focus on how US tech giants will react.
Australia's reliance on coal-fired power stations has dropped to a record low, accounting for less than 50 percent of its electricity for the first time, the market operator said Thursday.
Economy
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