The White House has reacted to viral rumours claiming President Donald Trump has died, providing a notable update as speculation spreads widely online.
The naira strengthens to N1,302 against the US dollar, gaining N11 in a day as forex turnover rises 62%, supported by Nigeria's $54 billion reserves.
Argentina and the United States signed off on a $20 billion financial lifeline Monday, hoping to avert economic meltdown and boost President Javier Milei ahead of tough legislative elections. President Donald Trump has plied Argentina with political and economic support ahead of the October 26 vote, which will decide whether his close ally Milei can force through labor, tax and pension reforms.
The Budget Office of the Federation has revealed that Nigeria’s fiscal deficit has widened, exceeding the Fiscal Responsibility Act’s 3% threshold.
The outage that hit the world's leading cloud provider Amazon Web Services on Monday has highlighted global reliance on the technology, which offers businesses on-demand IT resources without heavy investment in expensive server farms.
Brazil's Petrobras said Monday it has permission to drill for oil near the mouth of the Amazon River, casting a shadow over the country's green ambitions as it prepares to host UN climate talks. Brazil will host COP30 climate talks in the Amazon city of Belem next month.
Shares in France's biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed in Sudan. The big drop in BNP Paribas's shares in afternoon Paris trading outstripped a decline for other French banks, which sank around one percent.
Many popular internet services, from streaming platforms to messaging services and some banks, went offline for hours on Monday due to an outage in Amazon's crucial cloud network. The disruption affected streaming platforms, including Amazon's Prime Video service and Disney+, as well as Perplexity AI, the Fortnite game, Airbnb, Snapchat and Duolingo.
A Swedish court began hearing arguments Monday in a lawsuit brought by Swedish price comparison site Pricerunner, owned by Klarna, against tech giant Google for over $8 billion for promoting its own shopping comparisons in search results. It also said that prior to Google launching its own price comparison service, independent price comparison sites were shown high up in search results.
The Association of Chartered Certified Accounts (ACCA) has begun begun a programme in Nigerian schools to sensitise young students on Sustainable Development Goals.
Multiple expert predictions have said that the Nigerian currency will appreciate between N1,400 and N1,450 per dollar as Nigeria's inflation rate continues to fall.
Economy
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