Former Obidient Movement director of mobilisation, Morris Monye, comments on Nyesom Wike’s alleged plan to position his son for the Rivers State governorship.
Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
South African President Cyril Ramaphosa said Wednesday that his country has advanced to "text-based" negotiations with Washington towards securing a better tariff deal -- and hoped one would materialise "soon".
Billionaire media and telecoms tycoon John Malone will step down as chairman of his multinational companies Liberty Global and Liberty Media after decades influencing the global communications landscape, the businesses announced Wednesday. He will also step down as chairman at Liberty Media, which operates Formula 1 racing, MotoGP, and Live Nation entertainment.
AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors remain confident that artificial intelligence will deliver a new wave of innovation and growth. The eyewatering valuations linked to artificial intelligence also include OpenAI becoming the world's most valuable private company, currently valued at $500 billion.
A new report by BugeIT, the social accountability platform, disclosed that about 10 Nigerian states are carrying heavy debt capita, led by Lagos and Edo.
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.
Economy
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