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.
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White House says Canada 'caved' to Trump on tech tax
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EPA employees accuse Trump administration of 'ignoring' science
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US judge orders Argentina to sell 51% stake in oil firm YPF
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FG invites Nigerians to apply for N50k for their business, releases link
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FG rolls out nationwide livestock empowerment programme, targets 1000 youths per state
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'Monster Hunter' on prowl for new audiences as latest game drops
With "Monster Hunter Wilds" pitting intrepid players against a menagerie of rampaging beasts on PC and consoles from Friday, the game's creators tell AFP they hope the 20-year-old franchise can still find new audiences. It was up to the studio to "try and find new ways to make sure that the 'Monster Hunter' name spreads among as large an audience around the world as possible".
Banks' loans to private sector decline in 2025, N1.59 trillion less than January 2024
In a worrisome change of trend, banks seem to be extending less credit to businesses in the private sector. Analysts have shared what may be the cause.
Currency in circulation hits new high at N5.24 trillion, cash outside banks now 90 per cent
The Central Bank of Nigeria (CBN) data shows that the currency in circulation rose to a new high in January 2025 at N5.24 trillion from N3.65 trillion in 2024.
Apple says to invest $500 bn in US over four years, hire 20,000 staff
Apple said on Monday it will spend more than $500 billion in the United States over the next four years and hire 20,000 staff, with President Donald Trump quickly taking credit for the announcement.
LCCI lists what FG, CBN must do to contain Nigeria's inflation, interest rates
The Lagos Chamber of Commerce and Industry has reacted to the rebased inflation figures from NBS and advised the federal government what to do. to curb inflation
German business urges 'new beginning' after election
German business leaders called Monday for the swift formation of a new ruling coalition to usher in a "new beginning" for Europe's crisis-wracked top economy after the conservatives' election win. After political paralysis under the last government, there are hopes that conservative election winner Friedrich Merz can quickly build a more stable coalition capable of driving much-needed reform.
New exchange rate: Dollar falls in all markets as naira strengthens amid declining reserves
The naira's value improved in the foreign exchange market against the US dollar, closing the week positively, with the forex markets converging for the first time.
China's Alibaba to invest $50 bn in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Alibaba plans to "invest at least 380 billion yuan ($53 billion) over the next three years to advance its cloud computing and AI infrastructure", a company statement said.
Indonesia launches new multi-billion-dollar sovereign wealth fund
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy. Danantara will be Indonesia's second sovereign wealth fund, after the Indonesia Investment Authority which was launched in 2021 and holds $10.5 billion in assets.
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