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 opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
The Nigerian currency, the naira, has continued its downward spiral against the dollar, depreciating to N1,612 as of Wednesday, May 7, 2025, amid slow FX inflows,
Shares in Google parent Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine's traffic fell on Apple products last month. Cue told the court this would have a significant impact on Apple's ability to invest in new products and services. arp/dw
South African President Cyril Ramaphosa unveiled Wednesday a plan to revive South Africa's flagging local governments, weeks after publicly criticising the state of the financial capital Johannesburg as it prepares to host the G20 summit in November.
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc's trade chief said Wednesday. He was speaking in Singapore after signing a digital trade agreement between the EU and the city-state on Wednesday.
Mexico will fight to keep its free trade agreement with the United States and Canada in the face of President Donald Trump's trade war, Mexican President Claudia Sheinbaum said Wednesday. The United States-Mexico-Canada Agreement (USMCA) replaced the previous NAFTA accord in July 2020, after Trump successfully pushed for a renegotiation during his first term in office.
After months of battling gas supply problems, Nigeria's number one gas supplier, NLNG, has entered a deal with Seplat that has the potential to change the situation.
Foreign exchange inflows into the Nigerian forex market dropped significantly in April following the ongoing global tariff war and falling crude oil prices.
The EU is preparing to hit US goods worth nearly 100 billion euros ($113 billion) with tariffs in retaliation for President Donald Trump's sweeping levies if talks fail, European diplomats told AFP Wednesday.
Germany's new Chancellor Friedrich Merz said on Wednesday EU countries should "quickly" ratify a free trade deal with four South American nations that has met with staunch opposition from France. "The Mercosur deal should be ratified quickly and implemented," Merz said at a joint press conference with President Emmanuel Macron as he visited Paris on his first trip abroad.
Economy
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