The All Progressives Congress (APC) has announced a major challenger to President Bola Tinubu in declared direct primaries following the failure of its earlier mode.
Nigeria's passport index rises to 89th, yet visa-free access drops to 44 countries, highlighting mixed travel opportunities amid domestic challenges.
The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry group said Thursday, as the Trump administration has led a crackdown in immigrants. The study by the World Travel and Tourism Council (WTTC) and Oxford Economics found that the United States was the only country set to see a drop in spending from foreign tourists this year.
Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs. Already, major retailer Walmart warned Thursday of higher prices and continued uncertainty over tariffs.
The United States House of Representatives is proposing a five per cent tax on remittances by US resident to foreign countries, a move which may affect Nigeria.
Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.
The committee chairman urged the Central Bank of Nigeria to avoid further interest rate hikes, citing the adverse effects on SMEs, agriculture, and employment.
Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs. Besides China, Walmart imports heavily to the United States from Mexico, Vietnam, India and Canada.
The election of the first US pope is a godsend to businesses in Rome, as big-spending pilgrims flocking to the Vatican are also expected to spend in the Eternal City.
Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.
Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. Once a symbol of German industrial might, Thyssenkrupp has suffered as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.
Economy
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