President Bola Ahmed Tinubu has declared an emergency on security training institutions in Africa's most populous nation, Nigeria, it emerged on Tuesday.
FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on Nigerians, small businesses, and supporting low-income earners.
Asian markets gained on Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year's holiday. The Wall Street losses were driven in part by disappointing results from Tesla, which slumped 6.1 percent after fourth-quarter auto sales lagged expectations.
Apple has agreed to pay $95 million to settle a lawsuit accusing its digital assistant Siri of listening in on users' private conversations. A class action lawsuit filed five years ago accused Siri of listening in on private conversations of people with iPhones, iPads, HomePods or other Apple devices enhanced with the digital assistant.
The South Korean co-founder of Terraform Labs appeared in a New York court on Thursday to face fraud charges stemming from the multi-billion-dollar collapse of his cryptocurrency company. Kwon, who is also wanted in South Korea, is charged in the United States with commodities fraud, securities fraud, wire fraud and money laundering and faces up to 130 years in prison if convicted of all charges.
Former British deputy prime minister Nick Clegg said Thursday he is stepping down from his role as president of Meta's global affairs and will be replaced by Republican stalwart Joel Kaplan. Clegg ceding his job to Kaplan, who served as deputy chief of staff for policy under then-president George W. Bush from 2006-2009, comes as Republican Donald Trump is set to return to the White House.
Tesla reported a dip in full-year auto sales Thursday, missing a company forecast in a sign of rising electric vehicle competition in China and other markets. Besides rising competition from producers like China's BYD and legacy auto companies, analysts pointed to a sluggish ramp-up of production of the futuristic Cybertruck.
The United States is considering new rules to address risks posed by drones with tech from foreign adversaries like China and Russia, the Commerce Department said Thursday. Flagging the risk from China and Russia, the Commerce Department said: "These countries can leverage their political and legal frameworks to co-opt private entities for national interests."
Electric cars accounted for 89 percent of the new cars sold in Norway last year, a report said Thursday, pushing the country closer to reaching its goal of going fully electric by 2025. Despite being a major oil and gas producer, Norway aims for all new cars sold to be "zero emission" starting in 2025, which is 10 years ahead of the goal set by the European Union, of which Norway is not a member.
The Nigerian currency, the naira, topped the list of worst-performing African currencies in 2024 as it depreciated by 40% to end the year at N1,542 per dollar.
President Bola Tinubu has revealed that the Nigerian government would launch a new company to reduce prices of food and essential medical supplies.
Economy
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