New development has emerged concerning the reported death of the deputy governor of Bayelsa, Senator Lawrence Ewhrudjakpo, as the PDP made great release.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
Boeing reported a $5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results. In 2020, Boeing booked a $6.5 billion charge on the 777X, citing the lengthy FAA certification process and the pushing back of demand from airlines for the jet due to Covid-19.
The EU said Wednesday it is seeking a swift resolution to a Chinese curb on chip exports linked to a row with the Netherlands over chipmaker Nexperia that has alarmed European businesses. "The aim is to find a swift resolution to this problem, which, as you rightly pointed out, is a serious one, and which has raised many concerns from European industry," Gill told reporters.
The Federal Government has announced plans to expand cash transfers, giving N75,000 to poor and vulnerable Nigerians as families face economic hardship.
Spanish banking giant Santander reported record profits on Wednesday for the first nine months of 2025, buoyed by strong client growth and a solid performance in its key markets.
The boss of German chemicals giant BASF on Wednesday called for the European Union to relax carbon trading rules, as the firm reported a drop in core profit with the industry in crisis.
The United Kingdom government has announced that it has removed or reduced tariffs on 3,000 items to improve trade ties with the Nigerian government.
German premium carmaker Mercedes-Benz sought to reassure investors Wednesday over a feared shortage of microchips as it reported plunging third-quarter profits. For the third quarter, Mercedes reported a 30.8-percent plunge in net profit to 1.19 billion euros ($1.38 billion), dragged down by US President Donald Trump's tariff blitz as well as slumping sales in China.
The Nigerian government has announced plans to expand the N75,000 cash transfer scheme to include more Nigerians beyond the initial 15 million households.
British pharmaceutical group GSK on Wednesday raised its full-year outlook after strong sales growth in its third quarter, brushing off the potential impact of US tariffs. The drugmaker on Wednesday said it expects full-year revenue to increase between six and seven percent, compared with an earlier forecast of three to five percent.
Economy
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