President Bola Ahmed Tinubu has sent a message to Donald Trump, 47th President of the United States (US) as America's military action threat looms.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
Donald Trump had the world's leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war. - 'Tough' - Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union.
The UK government said Tuesday it had pledged £20 million ($25.8 million) to help commercial drone services and "flying taxis" take off in Britain. There have been several pilot schemes in the UK too -- from island postal services to rapid blood sample transport -- but commercial drone deliveries have been slower to get off the ground.
Auto giant Ford reported a slight drop in first quarter US sales Tuesday, while investors await details of President Donald Trump's upcoming tariffs this week and assess the effects of duties on major carmakers. But economists warn that Trump's sweeping tariffs on autos and parts, over time, could cause average auto prices to surge by thousands of dollars.
The windfall tax means that banks have to remit 70% of profits made from FX transactions in the 2023, 2024 and 2025 financial year. Zenith bank is in the lead.
The UK's highest court on Tuesday began a hearing to determine whether controversial car loans were unlawful, in a case that could cost banks billions of pounds in compensation. Banks are appealing a landmark ruling by a Court of Appeal in November that deemed it unlawful for car dealers to receive a commission on loans without sufficiently informing borrowers.
The Federal Airport Authority of Nigeria (FAAN) procured 10 aero bridges from China, to be used in Nigerian airports in 2014. More than 10 years have passed since.
With American entertainer Kid Rock at his side, US President Donald Trump signed an executive order Monday clamping down on ticket scalping and live event pricing. By the time you check out, it's $170," said Kid Rock, who wore a straw fedora and American-flag emblazoned red suit to the Oval Office.
Inflation in the eurozone slowed further in March, official data showed on Tuesday, indicating possible breathing room for policymakers despite the threat of turbulence from US trade tariffs. The eurozone inflation data "gives the central bank additional room to prioritize growth without abandoning its inflation mandate," said Daniela Sabin Hathorn, senior market analyst at Capital.com, in a note.
A Chinese construction company is facing questions over the deadly collapse of a Bangkok skyscraper -- the only major building in the capital to fall in a catastrophic earthquake that has killed more than 2,000 people in Thailand and neighbouring Myanmar. The Bangkok construction collapse is not the first time CREC and its subsidiaries have come under fire after deadly incidents.
Economy
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