It was a dramatic turn of event as some religious leaders staged protest over the performance of the FCT Minister, Nyesom Wike, amid workers strike and agitations.
Naira appreciates to ₦1,401.22 per dollar, buoyed by improved liquidity and rising reserves, despite global oil prices softening, signalling renewed confidence.
PZ Cussons Nigeria had staged a comeback from the heavy losses it suffered in the 2024 financial year. The latest report shows healthy profits for shareholders.
The British government said Wednesday that finance minister Rachel Reeves was "going nowhere" after she appeared visibly upset in parliament as rumours swirled around her future. It came after Starmer's Labour government U-turned over key welfare reforms, wiping out a multibillion-pound boost to public finances and triggering speculation that Reeves could lose her job.
The US private sector unexpectedly lost jobs in June, according to data from payroll firm ADP on Wednesday, a potential sign of labor market weakness amid uncertainty from President Donald Trump's tariffs.
A French court sentenced three former Ubisoft executives on Wednesday to suspended prison terms for enabling a culture of sexual and psychological harassment at the gaming giant. For his part, former chief creative officer Serge Hascoet was given an 18-month suspended sentence for psychological harassment and complicity in sexual harassment.
The Central Bank of Nigeria (CBN) data shows that the currency in circulation has risen again, with cash outside the banking system now at 92.4%.
As cuts by rich donors decimate aid budgets for the world's most vulnerable, private financing has been touted as the sector's saviour -- but not everyone is convinced. - 'Investor whitewash' - Campaigners have criticised rich countries for pushing private finance over public sources of aid, citing a lack of accountability and debt issues.
The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
The union referred to promises made by President Bola Tinubu during the 2022 campaign rounds, and complained that the PCNGi has resorted to selling them.
Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday.
Economy
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