President Bola Tinubu has announced appointment of an ex-President's nephew. That would be the third former president, Tinubu, who will be appointing his family.
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.
Chairman of Tax committee, Taiwo Oyedele has listed out several benefits Nigeria stands to gain from rebasing GDP. He says it sends strong signal to investors
Donald Trump and Chinese President Xi Jinping spoke by phone on Friday, days before the incoming US president returns to the White House, with both leaders vowing to take a positive approach to improving ties between the rival countries.
The US Supreme Court on Friday upheld a law that will ban TikTok in the United States, potentially denying the video-sharing app to 170 million users in two days. The Supreme Court last week heard arguments from the company, ByteDance, that the law should be stopped because it was a violation of free speech.
Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries. The Fund left its outlook for growth in Japan unchanged this year and next, and slightly increased its outlook for the United Kingdom in 2025.
Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House. Other proposals the president-elect has floated, such as cutting red tape and taxes, could also fuel inflation by boosting demand, he added.
With 33 dead in four days and 29 in intensive care after drinking bootleg liquor in Istanbul, the politically-charged debate over Turkey's soaring alcohol taxes has swung back into the spotlight. Last year, 48 people died in Istanbul after drinking tainted alcohol, the governor's office said.
Consumers pinching pennies, businesses seeing fewer customers, and a pervading sense that the economy just isn't bouncing back -- the mood was grim in Beijing as China posted some of its lowest growth in decades. "For us who do business, it's obvious that there are much fewer customers coming to our store, and customers' consumption levels don't compare to before," Yang said.
The Nigerian naira has recovered against the dollar in the official market after a week-long loss. The naira traded at N1,548.75 against the US dollar.
Apple pushed out a software update on Thursday which disabled news headlines and summaries generated using artificial intelligence that were lambasted for getting facts wrong. Apple's decision to temporarily disable the recently launched AI feature comes after the BBC and other news organizations complained that users were getting mistake-riddled or outright wrong headlines or news summary alerts.
Economy
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