Former vice president Atiku Abubakar might be having a tough time within the ADC as his strong allies have started dumping the party ahead of the 2027 elections.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
About 10 African countries, including Nigeria, have labeled some of the countries facing debt exposure to the International Monetary Fund (IMF) as of July 19, 2024.
The naira has maintained its strong rally against the US dollar in the official and black markets, rising to N1,476 per dollar in the official forex window.
European Central Bank chief Christine Lagarde said Tuesday US tariffs had not hit the eurozone as badly as feared, but warned new risks could lie ahead in an uncertain world. After bringing rates down from record highs, the central bank has held them steady at its past two meetings, and most analysts do not expect a change soon. sr/jsk/rmb
Spotify co-founder Daniel Ek will step down as CEO on January 1 and become executive chairman, handing the reins to two of his deputies in a leadership shake-up, the music streaming giant said Tuesday. "In my role as executive chairman, I will focus on the long arc of the company and keep the board and our co-CEOs deeply connected through my engagement," Ek said. jll/lth
The EU on Tuesday cleared Italian fashion label Prada's 1.25-billion-euro ($1.5-billion) purchase of rival Versace after finding the acquisition raised no competition concerns. The European Commission said it concluded the purchase "would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction".
US President Donald Trump on Monday set a slate of tariffs for lumber imports to go into effect October 14. In a proclamation, the White House imposed a "10 percent global tariff on imports of softwood lumber."
Equities rallied for a second day and gold hit another record Tuesday on growing Federal Reserve interest rate optimism, though traders were preparing for a possible US government shutdown that could affect the release of key economic data.
US startup Anthropic on Monday announced the launch of its new generative artificial intelligence model, Claude Sonnet 4.5, which it says is the world's best for computer programming. In a key benchmark, Claude Sonnet 4.5, a new generation of language model, can operate autonomously for 30 hours straight once it is assigned a task.
Video game giant Electronic Arts, known for The Sims and FIFA games, announced Monday it would be acquired for $55 billion by a consortium led by Saudi Arabia's Public Investment Fund. FIFA was updated annually from 1993 to 2023, before Electronic Arts lost the license following a financial disagreement between EA and the FIFA organization.
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