A trader from Edo, Osifo Stanley, has emerged as President Bola Tinubu’s first challenger after purchasing APC presidential nomination forms worth N100 million.
CBN introduces zero fees for transfers below ₦5,000, encouraging cashless transactions. New PoS charges offer predictability, despite higher fees on larger transfers
Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'. Kadokawa also owns Tokyo-based FromSoftware, the creator of the dark fantasy role-playing adventure game "Elden Ring", which was developed with help from "Game of Thrones" author George R.R. Martin.
The Major Energy Marketers Association of Nigeria (MEMAN) has revealed that the price of petrol has reduced in December compared to the previous month.
The National Bureau of Statistics (NBS) website has been taken over by hackers as the bureau warned Nigerians to disregard any reports coming from the site.
Ivory Coast's mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now wants a bigger slice of the pie for its own businesses. The mining sector now accounts for four percent of Ivory Coast's gross domestic product, compared to just 1.5 percent a decade ago, according to the Professional Association of Miners of Ivory Coast (GPMCI).
On Wednesday, the naira experienced a slight depreciation in the foreign exchange market, trading at N1,544.18 as against the previous day's rate of N1,534.
Taiwan's Foxconn is in talks with French auto giant Renault to buy its major stake in Japanese carmaker Nissan, a report said Thursday, after the Japanese firm rebuffed its inquiries about an investment. The report said Foxconn "had directly expressed" its willingness to Nissan to buy equity but after "Nissan did not agree" it approached Renault.
The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat for the currency that came after the Federal Reserve forecast fewer rate cuts. The BoJ said after a two-day policy meeting that it would hold rates at around 0.25 percent, pushing the yen cheaper than 155 per dollar, compared with 153.66 on Wednesday.
Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials' focus was back on fighting inflation.
As the US Supreme Court considers whether to uphold a law that could get TikTok banned in the United States, here is a look at the rise of the video-snippet social app.
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