The Supreme Court has delivered its judgment on the leadership dispute within the ADC, a key ruling with implications ahead of the 2027 general elections.
The Nigerian naira shows modest recovery against the US dollar, buoyed by improved liquidity and interbank turnover, despite rising global oil prices.
Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant Copilot. But there was a partly hidden third option -- visible only when people started to cancel -- of sticking to existing "Classic" plans without Copilot for the original price, the Australian Competition and Consumer Commission said in a statement.
Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, with the San Diego-based biopharmaceutical company being valued at $12 billion. Novartis, based in Basel in northern Switzerland, announced in April that it planned to invest $23 billion in the United States over five years. rjm/jj
The Network for Fiscal Transparency and Development (NFTD), has praised the Director-General of the Budget Office, Tanimu Yakubu for his transparency.
US Treasury Secretary Scott Bessent on Sunday signalled a tentative deal with China to de-escalate their damaging, tariff-fueled trade war -- just days before a summit between Presidents Donald Trump and Xi Jinping. Bessent said he expected the two leaders to formally announce the deal at their summit.
Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' time with an expansion doubling its capacity, its owner said on Sunday. "This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential and our commitment to building energy independence for our continent," Dangote said.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
The Nigerian currency, the naira, is a on a surge, rising for seven consecutive days in the official foreign exchange market to N1,457.79 per dollar.
India and China resume direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. Exports from India to China were $ 1.47 billion, modest by comparison, but up around 34 percent year-on-year.
The recent bankruptcies of US companies First Brands and Tricolor have focused attention on risks associated with the growth in the private credit market, or lending outside traditional banks. However, anxiety about the sector rose following bank losses from First Brands, a US auto supply company and Tricolor, a subprime auto lender.
Economy
Load more
