Several officials and agencies were linked to an alleged coup plot in Nigeria, with arrests, raids, and financial trails sparking national concern.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
The Nigerian government, through the Federal Inland Revenue Service (FIRS), has raised the thresholds for corporate and personal income income tax.
An expert has explained how average Nigerians will gain from Dangote Refinery's plans to commence free fuel distribution to marketers nationwide.
US retail sales declined more than expected in May, government data showed Tuesday, dragged by a slowdown in auto sales as consumers pulled back after hurrying to get ahead of President Donald Trump's sweeping tariffs. Economists expect it will take a few months for the effects of new tariffs to show up in consumer costs -- and all eyes are on economic data during the summer.
Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday. Oil demand dropped dramatically in 2020, when countries locked down and shut their borders during the Covid pandemic, falling to 91.7 million bpd before steadily growing again in the following years.
Here are the top 10 most expensive states to live in as a Nigerian based on the NBS inflation rates for May 2025. Borno State tops the list with almost 40%.
People are increasingly turning to generative artificial intelligence chatbots like ChatGPT to follow day-to-day news, a respected media report published Tuesday found. The biggest-name chatbot -- OpenAI's ChatGPT -- is the most widely used, followed by Google's Gemini and Meta's Llama.
Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens. Another possibility is that a loss of trust in the stablecoin may ripple beyond the crypto world, hitting the assets that back these tokens.
A Taiwanese-made sea drone capable of carrying bombs skimmed across waters off the island Tuesday in a display of uncrewed surface vehicles that could boost its military firepower against China. High manufacturing costs from using non-China components made it "difficult for Taiwanese products to compete with Chinese-made products in the commercial market," DSET analysts said.
The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world's number four economy.
Economy
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