New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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All you need to know as FG says no tax ID, no bank account by January 1, 2026
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How the National Single Window transforms Nigerian commerce
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Elumelu woos global investors, shares his investment gains: “No continent matches Africa”
Nigerian billionaire, Tony Elumelu has shared how much returns he gets from his investments in Africa, stressing that no other continent matches Africa in ROI
Pesticides causing widespread harm to animals and plants: study
Pesticides are significantly harming wildlife across the planet, stunting growth, damaging reproduction and even causing behavioural changes in animals not meant to be targeted, according to a large-scale study published on Thursday.
Tony Elumelu signs $6 million deal with UAE foundations to empower 1000 entrepreneurs
The Tony Elumelu Foundation has entered a strategic partnership with UAE foundations to empower more African entrepreneurs. The $6 milllion deal is set to change...
Unilever announces profit slump on Russia exit
British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and other restructuring costs. The fall in profits reflected the sale of assets and "higher restructuring costs as a result of accelerating the productivity programme", the company said in its earnings statement.
French game developers mark first industry-wide strike
French video game workers on Thursday hit the pause button in a first-ever sector-wide walkout over conditions and job cuts. Drawing in other worker groups, the movement has even spread abroad with a walkout at a studio belonging to French giant Ubisoft in Barcelona, Spain.
Nestle sales beat forecast after price hikes
Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation. Consumers turned to cheaper products as Nestle raised prices to cope with inflation.
UK economy picks up, boosting govt amid US tariffs
Britain's economy picked up at the end of last year, official data showed Thursday, relieving some pressure on the Labour government as the country faces up to US tariffs.
Germany's Commerzbank to cut jobs to fight off UniCredit
German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. It has since boosted its holding in the German bank to around 28 percent.
What next for Honda and Nissan?
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen. - When the merger talks were announced in December the plan was that the two automakers along with Mitsubishi Motors would integrate their businesses under a new holding company.
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