The federal government has sent five warnings to Nigerians living in or travelling to Iran and its neighbouring Gulf countries as the US and Israel launched attacks.
Startups can access up to $10,000 in funding as the Sola and Ibukun Adeyinka Foundation opens applications for Cohort 3 of its SIA Startup Foundry programme.
Pfizer reported a drop in third-quarter profits Tuesday as lower sales of Covid-19 products more than offset gains in other medications. Lower sales in Covid-related products were partially compensated for by gains in other products.
Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026. Telefonica said it would cut its dividend by half next year to 15 cents per share as part of a new five-year strategic plan as it seeks to reduce its debt.
The Nigerian currency, the naira and Nigerian bonds have taken major hits after President Donald Trump threatened military action against Nigeria.
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices. Weaker oil prices hit Saudi Aramco, which reported on Tuesday a 2.3-percent drop in quarterly net profit.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
CPPE has warned that Trump’s military threat could harm Nigeria’s economy, trigger capital flight, weaken the Naira, and erode investor confidence.
Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.
Nintendo said Tuesday it aims to sell 19 million Switch 2 consoles within this financial year, up from its previous target 15 million for the smash-hit gadget.
Recent raids on one of Myanmar's most notorious internet scam hubs sparked a recruitment rush as fleeing workers scrambled to enlist at nearby fraud factories, experts and insiders told AFP. Online scam hubs have mushroomed across Southeast Asia, draining unsuspecting victims of billions of dollars annually in elaborate romance and crypto cons.
Economy
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