The PDP has suffered another political loss as a serving senator from Nasarawa state resigned from the party and is expected to join the coalition ADC.
As the naira dips to N1,419.71 per dollar amid cautious trading, analysts foresee stability in 2026, despite oil market uncertainties impacting Nigeria's FX inflows.
French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits. TotalEnergies said Wednesday it would reduce its investments in low-carbon energy, mainly for electricity, by $500 million -- from $5 billion to $4.5 billion.
It is a contradiction to see a sharp increase in internet data consumption, even as the number of active phone connections and internet users continue to dwindle.
Beijing accused the United States Wednesday of "suppression" after its postal service said it was suspending parcels from China and Hong Kong, a move that could hit e-commerce giants Temu and Shein. A postal services worker at the General Post Office in Macau told AFP that parcels could still be sent to the United States from the semi-autonomous Chinese city.
Baltic states Lithuania, Latvia and Estonia are to disconnect from the Russian power grid on Saturday, a politically-charged move that severs their Soviet-era energy ties with Moscow.
Norwegian oil and gas giant Equinor said on Wednesday it would scale back its renewable energy ambitions as it reported a steep drop in net profit in 2024. Like other oil and gas enterprises, Equinor has been loathe to move away from its profitable fossil fuel business and replace it with renewable energy infrastructure.
The NCAA has blasted Kenya Airways over maltreating a Nigerian passenger. The NCAA also asked the airline to tell the public the truth about what provoked the lady.
The US Postal Service (USPS) said Tuesday it was temporarily suspending inbound parcels from China and Hong Kong, shortly after President Donald Trump's imposition of fresh tariffs targeting Beijing. However, the USPS gave no reason for its pause on Tuesday.
The Federal Inland Revenue Service (FIRS) has set the ambitious goal of N25.6 trillion in revenue collection for the fiscal year 2025 after smashing 2024 targets.
Spanish banking giant Santander announced record annual profits for a third consecutive year on Wednesday as a strong commercial performance offset the impact of falling interest rates. But Santander UK chair William Vereker announced that he would leave his post this year, a decision which business media attributed to disagreements with Botin. vab/imm/bc
Economy
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