Police have finally broken the silence on the report of withdrawing the security of Ex-VP Atiku Abubakar, FCT Minister Nyesom Wike and ex-first lady, Aisha Buhari.
Economists say the CBN Monetary Policy decision to retain interest rates but narrow the policy corridor signals cautious easing expected to cut interbank costs.
Technology giant Microsoft on Wednesday said its profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence (AI) units. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry.
European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year. The jump in profits to 1.5 billion euros came a year after Airbus reported a 46-percent slump in earnings for the first half of 2024.
President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy. Bolsonaro is on trial for allegedly plotting a coup to stay in power after losing the 2022 election to leftist Lula.
Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.
French auto giant Renault said Wednesday that Francois Provost, currently in charge of procurement, would take over as chief executive following Luca de Meo's departure in June. Procurement director Prevost, 57, has been with Renault for 23 years and was one of De Meo's closest advisors, in particular for his "Renaultution" strategic plan.
Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.
US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" over New Delhi's purchases of Russian weapons and energy.
Six teams in English cricket's controversial Hundred competition have now been sold to private investors, with deals for the Oval Invincibles and Trent Rockets still to be formally completed, officials announced Wednesday.
The Nigerian government has announced a new N50 million Student Venture Capital Grant for full-time undergraduates in universities and polytechnics.
Economy
Load more