A former Kano state governor, Mallam Ibrahim Shekarau, is mourning a personal loss. President Bola Ahmed Tinubu has reacted to the sad development.
West African leaders are uniting to advance the Eco currency initiative, with Nigeria's central bank pivotal in shaping its launch and future economic stability.
US President Donald Trump promised financial "help" for struggling Argentina in a meeting with close ally Javier Milei, who is seeking a US loan to calm markets ahead of crucial mid-terms elections. Budget-slashing libertarian Milei has sought to halt on the peso following a provincial election trouncing for his party that was seen as a litmus test for next month's national mid-terms.
US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving forward. The reduction came while the independent central bank faced intensifying pressure from Donald Trump.
The Central Bank of Nigeria (CBN) has cut the benchmark interest rate to 27%, the first time in five years, following a myriad of economic achievements.
The Central Bank of Nigeria has cut its benchmark interest rate, for the first time in five years, easing credit conditions after disinflation, experts hail move.
On Monday, September 22, 2025, the naira experienced a mixed fortune in the official and parallel markets, closing at N1,488 and N1,517 per dollar, respectively.
The head of French defence company Dassault said on Tuesday his firm could build the future European fighter jet by itself, as tensions persist with Germany over the multi-billion-euro project. Both European leaders have expressed support for the fighter jet project but tensions between the two aerospace contractors have marred cooperation.
Atletico Madrid's owners are in advanced negotiations to sell a majority stake of the Spanish football club's shares to US private equity firm Apollo Global Management, according to various reports citing sources close to the deal.
The US central bank should preemptively address worsening labor market conditions by lowering interest rates, a top Federal Reserve official said Tuesday, warning that policymakers risk running "behind the curve." She warned that a shock could tip the labor market into a sudden and significant deterioration.
The EU said Tuesday it will seek a new one-year delay to sweeping anti-deforestation rules cheered by green groups but assailed by key trading partners from the United States to Indonesia. But the ban has faced opposition from trading partners, including Brazil and the United States, and some EU capitals, amid concerns over red tape, costs and lack of clarity over some aspects of the law.
Economy
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