The Federal Capital Territory (FCT) Minister Nyesom Wike asserts that only President Bola Ahmed Tinubu can remove him from office amid calls for his sacking.
As the naira dips to N1,419.71 per dollar amid cautious trading, analysts foresee stability in 2026, despite oil market uncertainties impacting Nigeria's FX inflows.
Struggling Japanese carmaker Nissan said it expected to suffer an operating loss of 275 billion ($1.8 billion) in its fiscal year that ends in March as it faces further economic headwinds. It also said it expected an operating loss of 30 billion yen for the first six months of the fiscal year, which runs through September.
Italy's government said Thursday it would address concerns over a new bridge to Sicily, after Prime Minister Giorgia Meloni condemned a court ruling against the project as an "intolerable intrusion". Meloni, leader of the far-right Brothers of Italy party, condemned Wednesday's ruling as "yet another encroachment on the jurisdiction of the government and parliament".
Danish pharmaceutical giant Novo Nordisk, maker of weight-loss drugs Ozempic and Wegovy, announced Thursday an unsolicited bid to acquire obesity treatment maker Metsera, topping an offer from US rival Pfizer which called the move "reckless". Pfizer called Novo Nordisk's offer a "reckless and unprecedented proposal".
Recording industry giant Universal Music Group said Thursday it had struck a licensing deal with AI music generation startup Udio, in an industry-first tie-up aiming to launch an AI creation platform next year.
A rare meeting between leaders Donald Trump and Xi Jinping has succeeded in temporarily stabilising US-China relations, analysts said on Thursday, with the talks drawing cautious optimism on the streets of Beijing. - Beijing residents told AFP on Thursday they hoped to see a knock-on effect from the talks.
The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday, buoyed by better-than-anticipated growth in France despite political turmoil in Europe's second-biggest economy. Thursday's data also showed the eurozone economy grew by only 0.1 percent in the second quarter of this year.
British oil and gas giant Shell on Thursday said its net profit rose 24 percent in the third quarter as trading margins and sales volumes improved, despite falling oil prices. - Lower oil prices - French rival TotalEnergies also reported a sharp rise in third-quarter net profit on Thursday, jumping 61 percent to $3.7 billion.
Economists and policy analysts have asked the Central Bank of Nigeria (CBN) to introduce higher naira notes, such as N10,000 and N20,000 notes to ease portability.
British entrepreneur Richard Branson vowed Thursday to "shake up" cross-Channel train services after regulators approved a key bid by his Virgin Group to share an east London depot with Eurostar. Although the tunnel is only used at about 50 percent capacity, previous rival bids for a new Channel service have hit hurdles including regulation and restricted station capacity.
Economy
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