Source has disclosed the ground plan of a prominent PDP governor who is set to officially decamp to the APC. Date and other details of the event have been revealed.
Italy's foreign minister called on the European Central Bank on Friday to reduce interest rates to weaken the euro, warning its strength was hurting his country's exporters.
The Nigerian government, under Bola Tinubu is set to get six new loans from the World Bank in 2025, bringing Tinubu's borrowings from the World Bank to $9.2bn.
BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced Wednesday to the dismay of environmentalists. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure.
German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest "in the history of the insurance industry". Nonetheless, the figure would represent "the most substantial wildfire losses in the history of the insurance industry", Munich Re said.
Aviation workers claim that they have been left in the dark in the FG’s multiple airport concession programmes, and are now seeing 80-year concession plans.
AB InBev, the world's leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid. That came despite sales sliding 1.4 percent by volume, with beer volumes down by 1.9 percent.
Aston Martin Lagonda announced Wednesday it would cut about five percent of its workforce as weak Chinese demand contributed to losses widening at the luxury car group last year. Aston Martin, which is slowly transitioning to electric car models, said it hoped for annualised savings of £25 million.
The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US Treasury secretary. "The erosion of multilateralism presents a threat to global growth and stability," Ramaphosa said in his opening address.
The Stellantis car giant -- which includes Fiat, Chrysler, Jeep and Peugeot -- on Wednesday reported a 70 percent fall in 2024 profits against the previous year because of troubles in North America.
The Lagos Chamber of Commerce and Industry (LCCI) has spoken up on the recent hike in ports tariffs, listing out the adverse impacts it would have on Nigerians.
Economy
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