President Bola Tinubu has reportedly dropped an influential former governor as an ambassador designate to a European country, hours after his name was announced.
FG invites Nigerian youths to register for the 3MTT NextGen Fellowship before January 31 to gain digital skills, mentorship, and real-world tech experience.
US President Donald Trump's trade envoy nominee Jamieson Greer told his confirmation hearing Thursday that universal tariffs should be "studied and considered" as a potential way to reverse offshoring and deficits. Greer told lawmakers Thursday that the United States should be a "country of producers," as he faced questions by lawmakers on trade.
Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher. Volvo Cars shares slumped back around 11 percent mid-afternoon on the Stockholm Stock Exchange, with investors disappointed over year-end profitability and concerned about the 2025 outlook.
Businesses that default the provisions of the Company and Allied Matters Act (CAMA) will now have to answer to the CAC's Administrative Proceedings Committee.
US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say.
The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm. "The Commission is requesting Shein to provide internal documents and more detailed information on risks linked to the presence of illegal content and goods on its marketplace," it said.
French company Decathlon, the world's biggest sports equipment retailer, on Thursday defended its human rights record after reports it had benefited from forced labour in China.
Britain's Labour government on Thursday said changes to planning laws will speed up the country's rollout of mini-nuclear reactors aimed at providing cheaper and cleaner energy.
The French parliament on Thursday finally adopted the state's 2025 budget following a tumultuous months-long process that saw the previous government toppled and the current administration survive multiple no confidence votes.
The Central Bank of Nigeria (CBN) has threatened to revoke the licences of banks and other foreign exchange traders, violating its new FX guidelines.
Economy
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