Former President Olusegun Obasanjo has finally taken action over Ayo Fayose's $20,000 collected to attend the ex-Ekiti state governor's birthday.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
The "Japa" trend has fueled the business of decluttering unwanted items as many Nigerians put their properties on the market to raise funds to emigrate abroad.
Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share. In the past few months, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Oman and Algeria have already raised their quotas by more than 2.5 million barrels a day.
The Nigerian currency is at its strongest level in 10 months. However, experts have warned of the potential impact of a stronger naira on the economy.
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.
French air traffic controllers have called off a three-day strike that threatened to disrupt European skies next week, a top union said on Saturday. In early July, French air traffic controllers staged a strike that brought chaos to European skies.
Flights resumed "progressively" on Saturday at Munich airport, but delays were expected after a drone scare caused a second shutdown in as many days, affecting over 6,500 passengers, the operator said. Forty-six departures from the airport had to be cancelled or delayed until Saturday, with a total of 6,500 passengers affected.
President Bola Tinubu’s economic special adviser Tope Fasua has shared reasons Nigerians live better today than in 1960, dismissing poverty reports.
Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in Italy on Friday, but the benefits to society will be "immense".
A power surge that caused a paralysing blackout across all of Spain and Portugal in April was an unprecedented event in Europe and possibly the world, but the root cause remains unknown, an expert panel said Friday. Cortinas added that "we think (it is unprecedented) in the world as well", but cautioned that the experts did not have information from every country.
Economy
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