United States (US) president, Donald Trump, on Friday, March 6, 2026, signalled intent to end the war with Iran, but the 79-year-old set a major condition.
Naira weakens by N25 in the parallel market as demand for US dollars rises, widening the gap with official rates amid Central Bank interventions.
Faberge's The Winter Egg, considered one of his most beautiful creations, sold for nearly £23 million ($30 million) at auction Tuesday in London, smashing the sales record for the legendary jeweller of Imperial Russia.
Nigeria has raised $2.25 billion through a heavily oversubscribed dual-tranche Eurobond issuance, according to a report by the Debt Management Office (DMO)
Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push to compete with Nvidia in the lucrative market for artificial intelligence computing power.
The services sector maintained the lead over other non-oil sectors as Nigeria recorded 3.98% GDP growth in Q3 2025, down from 4.23% in the previous quarter.
The Nigerian Foreign Exchange Market (NFEM) experienced a massive dollar inflows to the tune of $841 million in the past week, leading to the naira's appreciation.
Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Versace's lustre had been waning in recent years, unlike that of the Prada Group, which is in robust health, fuelled by strong sales of its younger Miu Miu Line.
Germany's economy is suffering its "deepest crisis" since the aftermath of World War II, an industry group warned Tuesday, calling on Chancellor Friedrich Merz's government to take urgent action to spark a revival.
The world economy has been "surprisingly resilient" in the face of adversity this year, the OECD said Tuesday, raising its growth estimates for key economies, notably the US and the eurozone. "The global economy has shown surprising resilience in 2025," the OECD said.
Savings deposits across Nigerian banks have increased recently due to improved interest rates, encouraging more Nigerians to save and grow their funds.
Economy
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