A crisis erupted at PDP headquarters as rival factions clashed, governors Makinde, Bala, others were blocked, tear gas was fired, and Wike escalated the standoff.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Dutch brewer Heineken sold less beer in the first half of the year, it announced Monday, as a slump in sales in Europe and the US failed to offset better performance in Asia. Heineken said total sales were 14.2 billion euros in the first half year, compared with 14.8 billion euros in the first six months of 2024.
Most stock markets rose with the euro Monday after the European Union and United States hammered out the "biggest-ever" deal to avert a potentially damaging trade war.
French wine producers, already reeling from a downturn in their market, still do not know how bitter a taste the US tariffs on wine will leave on their palates. Sunday's announcement of a trade deal between the United States and the European Union did not clear up what tariffs European wine and spirits producers will face in the United States.
Top economic officials from the United States and China are set to renew negotiations Monday -- with an extension of lower tariff levels on the cards -- as President Donald Trump's trade policy enters a critical week.
US tariff negotiations with key trading partners have shifted into high gear as economies race to avoid steeper duties before an August 1 deadline. The twice-postponed deadline for duties to take effect is now Friday, August 1.
Dozens of economies including India, Canada and Mexico face threats of higher tariffs Friday if they fail to strike deals with Washington. - Global tariffs - US "reciprocal" tariffs -- imposed under legally contentious emergency powers -- are due to jump from 10 percent to various steeper levels for a list of dozens of economies come August 1, including South Korea, India and Taiwan.
Comic-Con fans pulled out their lightsabers Sunday to welcome "Star Wars" creator George Lucas to the prominent pop culture convention for the very first time. Comic-Con, which draws some 130,000 attendees, has become an important platform for movie studios and their stars to showcase the latest film and television offerings, especially those with a genre fan base.
EU chief Ursula von der Leyen clinched an agreement Sunday with US President Donald Trump to avoid crippling tariffs from hitting the bloc, with both leaders hailing a "good deal". Von der Leyen described the deal as a "framework" agreement.
The Central Bank of Nigeria reassures the public of the banking sector's stability amid misleading reports and urges reliance on official information.
Economy
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