There is a new development in the ongoing investigation of the attempted coup against Nigeria's democracy and President Bola Tinubu. The EFCC and NFIU have a role.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
The arilines insist on only collecting payments in dollars, and with the CBN $10,000 daily transaction limit, the travel agents end up defaulting on the payments.
President Donald Trump's plans to dramatically slash drug prices for Americans could make Swiss pharmaceutical giant Roche cancel major investments in the United States, it said Wednesday. Swiss newspaper NZZ reported Trump's move could lead Roche to reassess plans it announced just last month to invest $50 billion in the United States over five years.
German Chancellor Friedrich Merz on Wednesday pledged reforms and investment for Europe's biggest economy to transform it once again into a "growth engine" after two years of recession. "We can, through our own efforts, became a growth engine once again that the world looks up to with admiration."
The Central Bank of Nigerian (CBN) has launched the Non-Resident Bank Verification Number (NRBVN) platform for Nigerians in diaspora to promote transparency.
If Kenya Airways fail to pay the N3 million fine, make refunds and compensation to the passengers within 7 days, stiffer penalties lie ahead; the NCAA has warned.
An exceptionally-rare blue diamond went under the hammer in Geneva late Tuesday, selling for $21.5 million, Sotheby's auction house said. Ahead of its final showing in Geneva on Tuesday, it was unveiled as part of a Sotheby's debut exhibition in Abu Dhabi last month, where it was showcased alongside seven other "extraordinary" diamonds and gemstones collectively worth over $100 million.
This implies that customers from these nine banks pocketed about N1.89 trillion as interest on their deposits, while 10% was paid as withholding taxes.
Russia on Wednesday sentenced a high-profile election monitor to five years in prison, part of an intensifying crackdown by the Kremlin against independent critics and opponents. Melkonyants was arrested in August 2023, as part of a crackdown on Kremlin critics and opponents that has accelerated amid Moscow's military offensive on Ukraine.
A consortium that includes the US owner of sportswear brand Umbro and French telecom billionaire Xavier Niel unveiled Wednesday an offer to acquire France's struggling sportswear label Le Coq Sportif for 60 million euros ($68 million). The consortium would immediately inject 60 million euros into Le Coq Sportif and save its historic site at Romilly-sur-Seine in northeastern France.
Economy
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