Military probe uncovers N45bn from NDDC allegedly linked to coup plot; ex-governor’s home raided, top officials quizzed, panic spreads at commission.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
A liquidity crisis might be brewing as data shows that banks borrowing from CBN has grown almost five times within one week, as deposits crash within the period.
The majority owner of the emblematic Parisian department store Galeries Lafayette, Ginette Moulin, has died aged 98, the company told AFP Tuesday. She was "a committed benefactor and a patron of artists who believed in the power of culture and creativity," the Galeries Lafayette said about her Tuesday.
Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Faced with lower oil and gas prices, Shell also reported a drop to its annual net profits for 2024 last month. ajb/bcp/lth
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.
EU chief Ursula von der Leyen vowed on Tuesday to retaliate firmly against US President Donald Trump's decision to impose tariffs on steel and aluminium imports. "I deeply regret the US decision to impose tariffs on European steel and aluminium exports," European Commission president von der Leyen said in a statement.
New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources minister told AFP on Tuesday. "We're talking about this with our foreign affairs minister," he told AFP in an interview.
The naira's rally in the official and parallel markets has seen speculators losing over N10,000 as they rush to offload their foreign exchange holdings.
World leaders were set to hold formal talks in Paris on Tuesday on artificial intelligence (AI), seeking elusive common ground on a technology subject to a global race for promised economic benefits.
Asian markets were mixed Tuesday following the previous day's global rally as traders keep a nervous eye on Donald Trump's next moves after he signed off on 25 percent tariffs for steel and alumium imports, having warned of more measures to come.
Economy
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