One of the trending scenario since the resumption of President Bola Tinubu into the presidency in prostrating, it involves the president and 4 governors so far.
The Federal Government launches the YOUTHCRED for Entrepreneurs initiative, offering loans of up to N2 million to empower 500,000 young Nigerians.
The European Central Bank proposed Thursday simplifying rules for the region's lenders to help them compete internationally, but insisted the move would not weaken guardrails aimed at preventing crises.
Widespread disruption hit Portuguese air travel and trains, hospitals and schools Thursday as the unions called the biggest nationwide strike action for more than a decade against government labour reforms. Lisbon's main train station was empty with most services cancelled and the TAP Air Portugal national airline called off about two thirds of its normal 250 flights.
Data from the Nigerian Foreign Exchange Market (NFEM) shows that dollar inflows into the forex markets increased marginally amid the naira's depreciation.
Finance ministers from Europe's 20-country single currency area are to choose the next Eurogroup chief on Thursday, as the EU weighs a tough decision on using frozen Russian assets to aid Ukraine. Created in 1997, the body coordinates the economic and budgetary policies of the 20 countries of the eurozone, which will soon number 21, as Bulgaria prepares to adopt the single currency on January 1.
Taiwan plans to keep making the "most advanced" chips on home soil and remain "indispensable" to the global semiconductor industry, the deputy foreign minister told AFP, despite intense Chinese military pressure.
After soaring for nearly two years, cocoa prices dropped sharply in 2025. - Record high prices in 2024 - Cocoa harvests between 2021 and 2024 failed to meet demand, which sent prices soaring.
Most Asian markets rose Thursday as traders welcomed the Federal Reserve's third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon. However, traders have lowered their expectations for a string of further cuts in 2026 after the bank's statement used language used in late-2024 to signal a pause in more rate cuts.
In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment. Building data centers requires raising significant capital, Luria points out.
Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market. Oracle's cloud and business computing unit accounted for $8 billion of that revenue, an increase of 34 percent from the same quarter in 2024, according to the earnings report.
Economy
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