13 suspects sentenced for assaulting Lagos environmental officials. Federal government designates nine individuals and entities for terrorism financing in Nigeria.
The CBN's new regulations limit market share for banks and fintechs in Nigeria's digital payments, enhancing competition and reshaping the PoS ecosystem.
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.
President Donald Trump said Wednesday he was considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during a global financial crisis.
Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. They say that the fees and policies imposed by the airlines breach European Union aviation regulations and European Court of Justice rulings.
The legendary designer behind Apple's iPhone, Jony Ive, has joined OpenAI to create devices tailored for using generative artificial intelligence, according to a video posted Wednesday by the ChatGPT maker. Ive and his team will take over design at OpenAI as part of an acquisition of his startup named "IO" valued at $6.5 billion.
The Nigerian government has announced plans to restructure underperforming DisCos, aiming to improve electricity distribution and address sector challenges.
G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump's punishing tariffs -- and to strengthen support for Ukraine.
Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. Bitcoin broke back through the symbolic $100,000 threshold on May 8 for the first time since February, as Britain and the United States unveiled a trade deal.
Africa's richest man, Aliko Dangote, insisted that foreign investors cannot be attracted to the country unless they see local businesses thriving already.
South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government. The first version of the budget had proposed a two-percent increase in VAT to 17 percent but was withheld at the last minute.
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