CBN absorbs N2.5tn in a heavily oversubscribed OMO auction as investors chase high yields, while tight liquidity sends naira to N1,331 per dollar.
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CBN changes dollar exchange rate as naira weakens, new USD prices emerge
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Nigeria’s most expensive neighbourhoods: See how much It costs to own a home there
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Expert lists 10 federal government funding programmes Nigerians can access in 2026
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OpenAI releases Sora AI video generator to public
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CBN crashes dollar as naira hits new high in official window
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Mexico threatens to sue Google over 'Gulf of America' name change
Mexico on Thursday threatened to sue Google over its changing the Gulf of Mexico's name to "Gulf of America" for Maps users in the United States to comply with President Donald Trump's executive order. Apple has also renamed the Gulf of Mexico the "Gulf of America" for US users of its mapping application to comply with Trump's order.
US State Dept walks back purported $400 mn Tesla contract
The US State Department backtracked Thursday on a document saying it would award $400 million for electric armored cars by Tesla, whose chief Elon Musk has been aggressively slashing government spending on behalf of President Donald Trump.
Ubisoft revenue drops after game flops, 'Assassin's Creed' delays
A run of new-release flops and the delay of the latest “Assassin’s Creed” instalment sent revenue at French games giant Ubisoft plunging in its third quarter, the company reported Thursday as it continues to weigh its future.
Swedish video game maker wants industry to stop chasing money
Swedish-Lebanese filmmaker-turned-game-developer Josef Fares is on a mission to put storytelling first in video games, slamming money-driven designs for stifling creativity. "From a creative perspective, if you involve money too much, then it will affect it," Fares, whose 2021 game "It Takes Two" was a critical and commercial success, told AFP in Stockholm.
Japan's Honda and Nissan scrap merger talks
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world's third-largest automaker by unit sales. The cancellation of the merger talks would have no impact on the earnings of both automakers, it said.
German sports carmaker Porsche to cut 1,900 jobs
Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles, the latest blow for Germany's stalling auto sector. Hit by high manufacturing costs at home, weak demand, fierce competition and a sluggish shift to EVs, Germany's flagship auto sector is battling a growing crisis.
Bezos's Blue Origin rocket firm to cut 10% of workforce
Jeff Bezos's rocket company Blue Origin is laying off around 10 percent of its workforce following a period of rapid expansion, the firm's chief executive told staff on Thursday.
Dangote Group invests $700m into sugar production, unveils plan to end importation
Dangote Group has revealed that it invested over $700m into the sugar production subsidiary, to boost production in Nigeria and improve food security.
President Trump says US 'reciprocal tariffs' to be announced Thursday
US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home. But economists warn that his broad-ranging tariffs on US imports would likely boost inflation, not reduce it, in the near term and could weigh on growth eventually.
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