Military investigators identified Colonel Mohammed Ma’aji as the main architect and financier of the foiled coup against President Tinubu, leading to 16 arrests.
Nigerians can now apply for interest-free loans up to ₦300,000 via GEEP for 2026, supporting micro and small enterprises, fostering financial inclusion and growth.
Tesla sales plunged in Germany last month, official data showed Wednesday, after billionaire owner Elon Musk waded into the country's election campaign by vocally backing the far right. Last month total electric car sales in Germany rebounded by over 53 percent from a year earlier, with 34,498 sold, the KBA data showed.
The federal government is raising fresh N758 billion debt to clear the outstanding pensions backlog. Debt Management Office (DMO) has gotten approval to go ahead
Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise the naira and repay foreign debts.
The US trade gap swelled last year to nearly $920 billion, according to government data released Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House. This was wider than values for the trade gap with North American neighbors Canada and Mexico combined, and more than the gap with the European Union as well, according to government numbers.
The Nigerian currency depreciated slightly in the official and parallel foreign exchange markets on Tuesday, February 4, 2025, after a week-long gain.
Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas. On Wednesday, several thousand workers marched through Brussels, waving trade union flags and holding signs reading "European Union, wake up!"
The Association of Bureau de Change Operators of Nigeria (ABCON) has expressed joy following the deadline extension by the CBN for dollar sales to BDCs
The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.
French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits. TotalEnergies said Wednesday it would reduce its investments in low-carbon energy, mainly for electricity, by $500 million -- from $5 billion to $4.5 billion.
Economy
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