The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
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Experts analyse CBN’s MPR decision, say policy should lower lending costs
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Transport costs may drop as FG distributes 4,000 electric tricycles to Nigerian youths
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Nigerians struggle as bread prices refuse to fall despite drop in cost of flour
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Belgian PM digs in against EU push to use Russian assets for Ukraine
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Driven by TikTok trends, new beauty brands target children
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Mexico seeks compensation from Adidas in cultural appropriation row
Mexico's government said Friday it was seeking compensation from Adidas, which is accused of cultural appropriation for bringing out sandals resembling traditional design from the southern state of Oaxaca.
Swiss gold refining sector hits US tariff mine
The first casualty of the imposition of a hefty 39-percent tariff on Swiss imports into the United States may be gold refining after it emerged certain gold bars would face the levy. Gold bars produced in the Belgian city Antwerp face the 15-percent tariff applied to the European Union when imported into the United States.
Trump says court halt of tariffs would cause 'Great Depression'
US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab. A lower court ruled against Trump in May, but the US Court of Appeals for the Federal Circuit put the ruling on hold as it considers the case.
Thyssenkrupp to spin off marine division amid defence boom
German industrial titan Thyssenkrupp's shareholders on Friday backed a spin-off of its warship and submarine-building unit, seeking to better position the group to benefit from a European defence boom. Shareholders overwhelmingly backed the spin-off of a 49-percent minority stake of the marine division at a specially convened meeting.
'Optimistic': Champagne growers hope for US tariff shift
Champagne growers say President Donald Trump's tariffs on European goods will hurt sales to the United States, their biggest export market, but hope that the sector may yet escape the new duties.
Dollar falls at official window as Nigeria’s FX reserves near $40 billion after 21 inflows
The Nigerian currency, the naira, rebounded in the official foreign exchange market after a brief fall. The development comes as the FX reserves hit nearly $40bn.
Germany suspends arms exports to Israel for use in Gaza
Germany will halt the export of military equipment to Israel which could be used in the Gaza Strip, Chancellor Friedrich Merz said Friday, reacting to Israel's plan to take control of Gaza City. "Under these circumstances, the German government will not authorise any exports of military equipment that could be used in the Gaza Strip until further notice," he said in a statement.
Presidency lists economic achievements of Tinubu, rejects hunger, hardship claims
The presidency has listed the achievements of Bola Tinubu in direct response to a newspaper editorial that argued that the citizens are hungry and hopeless.
Governors on spending spree: 29 Nigerian states burn N80bn on travel while citizens groan
About 29 state governors spent close to N80 billion on domestic and international travels in six months, with the South-West governors leading the list.
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