
The Nigerian government recently launched the $100,000 Creative Economy Development Fund, asking applicants and interested persons to apply via its website.
The Nigerian government recently launched the $100,000 Creative Economy Development Fund, asking applicants and interested persons to apply via its website.
Nigeria and other African countries have been described as operating a pit to port model where raw materials are exported without adding value to them.
French fashion giant Dior named the highly-rated designer Jonathan Anderson as creative director of Dior Men on Thursday. Anderson replaces British designer Kim Jones at Dior Men.
Turkey's central bank hiked its key interest rate to 46 percent on Thursday after a month of protests over the arrest of Istanbul's opposition mayor and economic uncertainty provoked by US President Donald Trump's sweeping tariffs.
As President Donald Trump's tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world's key trading and reserve currency. - The dollar initially gained on news of Trump's tariffs owing to concerns the levies will push up inflation.
US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform. "Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."
The electronic call-up system has faced challenges with racketeering, leading to congestion at Tin-Can and Apapa ports, with truckers now paying exorbitant fees.
The spectre of a transatlantic trade war is also fuelling hopes of a silver lining in Europe: that a commerce deal with four South American countries could get a final green light despite longstanding French opposition. In exchange, the South American nations would be able to export meat, sugar, rice and soybeans, which worries European farmers concerned about cheaper goods pricing them out.
The National Bureau of Statistics has disclosed that Nigeria's inflation rate spiked to 24.23%, caused by high food prices, which rose by almost 24%.
FG recently decided to change it revenue collection system, and now, the House of Representatives wants the company to refund N182.77 billion to FG.
Economy
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