It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
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White House says Canada 'caved' to Trump on tech tax
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EPA employees accuse Trump administration of 'ignoring' science
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US judge orders Argentina to sell 51% stake in oil firm YPF
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FG invites Nigerians to apply for N50k for their business, releases link
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FG rolls out nationwide livestock empowerment programme, targets 1000 youths per state
Economy Latest News
US Fed vice chair tones down proposals for fresh banking regulations
A senior US Federal Reserve official proposed Tuesday a number of "broad and material" changes to new banking rules, toning down plans to tighten regulation and supervision.
Tinubu's tax committee proposes VAT hike on non-essential items, gives strong reasons
Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has clarified the committee’s recommendations to the federal government.
CBN leaves Customs FX rates for cargo clearance unchanged as naira rebounds
The Customs exchange rates for cargo clearance have remained unchanged despite the naira's volatility and CBN's interventions in the foreign exchange markets.
BMW recalls 1.5 mn cars over bad brake, cuts outlook
BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling. Last month BMW also recalled 1.4 million vehicles in China due to faulty airbags, the country's market regulator announced.
Trouble for Nigeria as Naira loses over N2000 against another African country's currency
The 80% decrease in economic activity at the country's land borders has been ascribed by licensed customs officials to Nigeria's foreign exchange issue.
Europe's fight with big tech over tax, data and disinformation
The European Union scored two major legal victories on Tuesday in separate cases that left Apple and Google owing billions of euros. On Tuesday, the EU's top court upheld a 2.4-billion-euro fine first issued against Google in 2017 for illegally favouring its own price comparison service.
UK's Starmer vows 'partnership' with unions but warns on pay
Prime Minister Keir Starmer on Tuesday pledged to reset industrial relations strained by widespread strike action, as he became the first UK leader to address the annual meeting of Britain's trade unions in 15 years. "Partnership is a more difficult way of doing politics," Starmer said, seeking to draw a line under years of strike action and tensions between unions and the previous administration.
Djibouti says offering port-sharing deal to Ethiopia
Djibouti said it has offered a port-sharing deal with Addis Ababa, a move aimed at easing tensions between Horn of Africa rivals Ethiopia and Somalia. The Ethiopian prime minister had warned Sunday that his country would "humiliate" any nation that threatens its sovereignty, after Addis Ababa accused unnamed actors of seeking to "destabilise" the Horn of Africa.
China's Huawei unveils triple-folding phone
Chinese tech giant Huawei on Tuesday unveiled its new smartphone, billed as the world's first trifold phone, hours after US competitor Apple lifted the curtain on its new iPhone built for AI. The Mate XT was officially launched in a keynote presentation by Huawei executive Richard Yu at the firm's headquarters in the southern city of Shenzhen.
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