It was a jubilation night as reports emerged that the 24 schoolgirls who were abducted at the Government Girls Secondary School in Maga, Kebbi state, were rescued.
The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
US President Donald Trump on Thursday alleged that jobs data had been "purposely" altered by the government's commissioner of labor statistics to bolster his predecessor Joe Biden, presenting different figures in the wake of her firing. The revision infuriated Trump, who sacked commissioner of labor statistics Erika McEntarfer, who was confirmed in that role in January 2024.
The Nigerian Customs Service (NCS) has reintroduced the controversial Free On Board Charges, prompting strong condemnation from stakeholders and importers.
OpenAI on Thursday released a keenly awaited new generation of its hallmark ChatGPT, touting "significant" advancements in artificial intelligence capabilities, as a global race over the technology accelerates. "It is a significant step toward models that are really capable," he said.
German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.
The National Bureau of Statistics recently announced that Nigeria's economy is larger than previously reported, following the successful rebasing of its GDP.
Plastic pollution treaty talks stuck in 'dialogue of the deaf'
The Nigerian currency, the naira, performed mixed in the official and parallel markets on Wednesday, August 6, 2025, narrowing the gap between the windows.
Siemens warned on Thursday that US tariffs were prompting its customers in key sectors to slow investment decisions, even as the German industrial giant reported forecast-beating quarterly profits. CEO Roland Busch added that, in several key industries, "sales cycles have been extended and investment decisions are taking longer".
Weeks after he was forced to return from Iran, Mohammad Mohsen Zaryab was still searching for somewhere to live in Kabul, where rental prices have soared along with an influx of Afghans expelled from neighbouring countries. Multiple Kabul property dealers told AFP that rental prices had skyrocketed with the influx of returnees.
Economy
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