Wike's Rainbow Coalition is gaining support from aggrieved APC leaders across 10 states, with some defecting to the PDP ahead of the 2027 elections.
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.
While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States. - Obama, Trump, Biden roadblock - The WTO was founded in 1995 as a successor to GATT, the General Agreement on Tariffs and Trade dating back to 1948.
Despite losing millions of barrels of crude to oil thieves, Nigeria has made $831.14bn from Oil & Gas within 24 years, according to NEITI. This is from 1999 to 2023
US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other's economies in an escalating trade war. White House Press Secretary Karoline Leavitt said on Monday that Trump was due to talk to Xi, but said Tuesday that "I don't have any updates on when that call will take place."
The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain. Ford has been employing people in Windsor for more than 100 years and without auto jobs the city would be plunged into a "huge recession," he said.
Financial technology companies have begun deducting N50 as electronic money transfer levy from transactions of N10,000 and above as ordered by the government.
As banks are geared up to meet the new CBN requirements, analysts expect that a few banks may consider downgrading their licenses in the coming months.
Spain's minority leftist government on Tuesday approved a plan to reduce the working week to 37.5 hours in one of the world's fastest-growing developed economies. The Socialists committed to reduce the working week from 40 hours to 37.5 hours without any loss of salary by the end of 2025 as part of their 2023 coalition deal with the far-left party Sumar.
Nigeria Customs Service is set to spend N20 billion on the purchase of CNG-powered vehicles, and others after receiving approval from the federal government.
Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year. Ferrari had already posted a net profit for 2023, up 34 percent to 1.25 billion euros.
Economy
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