
It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
At least four people have died in the Indian Ocean island of La Reunion during the passage of a devastating cyclone that sowed destruction across the overseas French territory, officials said on Saturday. On Friday, Cyclone Garance struck the territory of 900,000 people, uprooting trees, tearing off roofs and flooding homes.
Commercio Partners has projected that, following the CPI rebasing, Nigeria's inflation rate would range between 15% and 20% in their base-case scenario for 2025.
There were discordant tones during the Public Hearing on Tax Reform Bills with several bodies such as labour unions, Nigeria Customs Service raising concerns.
An investigation has uncovered how some rice traders in Nigeria deceive consumers by repackaging local rice in foreign brands to make higher profits.
Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, saying it is taking a prudent approach to the $28 billion project. For the full year 2024, Intel recorded a net loss of $18.8 billion as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.
If US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with 25-percent tariffs on Tuesday. On Tuesday, the tariffs he announced on all Mexican imports shortly after taking office are due to go into effect, after being suspended for a month.
Despite what may have been a fairly good sales year for MTN Nigeria, the company has reported major losses arising from its exposure to the FX market.
Nigeria is heading towards the "light at the end of the tunnel" as the country grinds through the second year of a cost-of-living crisis, President Bola Tinubu said Friday. "Today, we see a light at the end of the tunnel."
Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- though experts say any revival is at least a decade away. In a 10-year energy and climate plan published last year, Rome said it aims to install enough nuclear capacity by 2050 to generate between 11 percent and 22 percent of the power it uses.
Economy
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