Abubakar Bawa, the chairman of the PDP in Taraba State, has announced his resignation from the party amid more movements in Nigeria's political sphere.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Asian markets were mixed Thursday after AI powerhouse Nvidia's quarterly earnings beat expectations, but its shares slipped over worries about the company's stalled business in China. The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant's fortunes.
Its modern architecture complemented by latticework inspired by local Yoruba textiles, Alara, west Africa's first fashion and design "concept store", is an imposing sight in Lagos, Nigeria's bustling economic capital.
The Norwegian state and environmental groups face off in court again Thursday over three oil fields ruled illegal last year due to insufficient environmental impact studies. The state said the operators of the fields, Equinor and Aker BP, had conducted additional impact studies to address concerns raised in the lower court's ruling.
Qantas Airways said Thursday it lifted annual net profit and saw a bright outlook for travel demand, days after it was fined for illegally firing staff during the Covid-19 pandemic. Last week, an Australian court fined Qantas Aus$90 million for unlawfully laying off 1,800 ground staff during the Covid-19 pandemic.
When veteran fisherman Brian Tapper checked his 1,200 crab pots in waters off southwest England during this year's crabbing season, he got a series of unwelcome surprises. Sue MacKenzie, whose Passionate About Fish firm sources produce from southwest England, said the octopus are "eating our indigenous species at a rate that nobody can anticipate -- it's quite scary".
AI powerhouse Nvidia on Wednesday reported quarterly earnings that beat market expectations, but shares slipped amid fears of an AI chip spending bubble and concerns that the company's business may be stalled in China.
US President Donald Trump's move to oust Federal Reserve Governor Lisa Cook marks a direct attempt to politicize the central bank and is "profoundly dangerous," former Fed chief Janet Yellen warned Wednesday. On Wednesday, Yellen warned that the Fed's interest rate decisions would lose credibility if markets believed the central bank was guided by political orders.
German weapons-maker Rheinmetall opened Europe's largest munitions plant on Wednesday, a move hailed as boosting Western defences by NATO chief Mark Rutte.
When zombie-blasting survival game "Resident Evil" launched on the very first PlayStation console in 1996, Japanese publishers Capcom never thought the series would reach tens of millions of people or endure for three decades.
Economy
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