Ezenwo Nyesom Wike, the minister of the FCT, has appointed Mukhtar Usman Galadima to a key role. The announcement was made late on Wednesday, December 3.
Staring at a pile of freshly cut beechwood, forestry manager Johannes Brodowski wonders if he is looking at the future of Germany's chemicals industry. Germany's traditional chemicals industry has been battered by high energy prices and cheap competition from Asia, with national output now at its lowest level since 1995.
High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry. Such visas are widely used by the tech industry.
The Central Bank of Nigeria (CBN) is making huge plans to boost the naira's value, thereby exposing dollar accounts to risks in the foreign exchange markets.
The Nigerian economy is on a massive rally, with GDP hitting 4.23% growth in the second quarter. Data has revealed the fastest-growing sectors in Nigeria.
The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday. In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump's tariffs would stifle the world economy.
Microsoft's plan to halt updates for its Windows 10 operating system in mid-October has raised hackles among campaign groups and left some users worried they must buy new computers to be safe from cyberattacks. - Computers running Microsoft's 2015-vintage Windows 10 will receive no further updates from the American tech giant from October 14.
Asian markets struggled Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data that could dictate Federal Reserve policy in coming weeks. The tepid performance came after a hot couple of weeks on trading floors fuelled by optimism over an easing of US monetary policy.
Maverick Georgian designer Demna makes his debut for Gucci at Milan Fashion Week on Tuesday with a film of a family of Italian characters bursting with attitude, as the house pledged a "new era" its history. The Italian fashion house, famous for its handbags, has struggled since the Covid pandemic against a slowing Chinese appetite for luxury goods that has hit the sector hard worldwide.
A Singapore shipping company told AFP on Tuesday it will refuse to pay Sri Lankan court-ordered damages of US$1 billion for causing that country's worst case of environmental pollution. Sri Lanka's Supreme Court in July ordered the company to pay Colombo an "initial" US$1 billion in damages within a year, with the first tranche of US$250 million to be paid by Tuesday.
All eyes are on China this week, as the world's biggest polluter readies a new emissions-cutting plan -- reinforcing its role as a steadfast defender of global climate diplomacy while Europe stalls and the United States doubles down on fossil fuels. And the United States under President Donald Trump has recast itself as a zealous promoter of fossil fuels.
Economy
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