Fresh tension as President Donald Trump issued directive to US military to prepare for showdown in Nigeria after President Bola Tinubu's response to his allegation.
The Federal Inland Revenue Service (FIRS) under Zacch Adedeji has experienced a massive transformation with an innovative approach with a human face.
TikTok was hit with a massive EU fine of 530 million euros ($600 million) Friday, accused of sending personal data of Europeans to China and failing to guarantee it was shielded from access by Chinese authorities.
Hong Kong's economy grew by 3.1 percent in the first quarter of the year, the city's government said Friday, though it warned US tariffs had heightened "downside risks" in the global economy. But officials warned that with the sharp increase in global tensions "the downside risks surrounding the global economy have heightened visibly".
German chemicals giant BASF stuck to its 2025 earnings outlook on Friday, despite the turmoil unleashed by hardline US trade policies, but warned of high levels of uncertainty.
Nigeria is set to see major changes in infrastructure and targeted support for certain groups of entrepreneurs, as the AfDB has pledged a yearly support.
British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns. BP this week reported that its net profit dropped 70 percent in the first quarter to $687 million, driven by weaker gas sales and lower refining margins. ajb/yad
The price war between Dangote Refinery and the petrol importers in Nigeria has now reached a stalemate. With the rise in landing costs, a clear winner has emerged.
One of the alleged promoters has turned himself in to EFCC for interrogation, while CBEX has resumed operations, luring new users with promises of easy withdrawals.
Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs. On Friday, China's commerce ministry said it was evaluating a US offer for negotiations on tariffs, but wanted Washington to show "sincerity" and be ready to scrap levies that have roiled global markets and supply chains.
With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda's yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight -- much to President Donald Trump's annoyance. "To be honest I think the problem is the size of the roads," as well as an impression that US cars break down more often, which is likely unfounded, Fukuda said.
Economy
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