INEC has announced the winner in a powerful northern senatorial seat contest between the APC, Labour Party, PDP, NDC, ADC and the NNPP as the prepare for 2027.
Africa's economic map is shifting, with growth in manufacturing and technology. Key economies like South Africa and Nigeria face challenges amid new contenders.
The Nigerian currency, the naira, has continued its appreciation against the dollar in the foreign exchange market, at N1,597 per dollar on Monday, May 19, 2025
CBN has been engaged in aggressive loan recoveries, collecting over N4 trillion from the government in 2024, but internally, the staff loans are increasing.
The federal government announced in March that Remita would no longer be used for the collection of government revenue, and the end date is weeks away.
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, an investigation by France's upper house of parliament said Monday.
This list details the outstanding unpaid amounts from the different federal government intervention loans and how much the CBN was able to recover.
The Nigerian government has announced that it has cleared about 2.3 million households for the Conditional Cash Transfer Scheme under the National Social Safety Net
Diageo, the maker of Guinness stout and Smirnoff vodka, said Monday it would cut costs to reduce debt, as the British group anticipates a hit from US tariffs of $150 million.
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said Monday. - 'Highest level of the state' - In late 2020, new management at Nestle Waters claims to have discovered the use of prohibited treatments for mineral water at its Perrier, Hepar and Contrex sites.
The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs. Beyond trade tensions, the EU warned the greater frequency of climate-related disasters such as forest fires and floods risked hurting economic growth.
Economy
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