President Bola Tinubu is reportedly set to give FCT Minister Nyesom Ezenwo Wike a fresh role as details emerge about the 2027 presidential election campaign.
Naira slips to N1,329.15 per dollar as official FX market turnover surges 174%, while reserves hit $54.607bn and the parallel-market rate strengthens to N1,370.
The US Federal Reserve's top banking regulator announced his early resignation Monday, avoiding a confrontation with President-elect Donald Trump who can now pick his replacement. His resignation paves the way for Trump to replace him with someone more in tune with his own views on banking regulation.
Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. The overall slump in electric car sales in Germany saw battery-powered vehicles lose market share relative to traditional combustion engines and hybrid cars.
Former President Olusegun Obasanjo has said that China's BRI will boost trade within Africa. He called on the FG to establish more strategic and beneficial deals
Data from the Central Bank of Nigeria (CBN) shows that the Nigerian economy experienced a net inflow of $46.92 billion in the first 10 months of 2024.
The Lagos State government has launched a new initiative to attract Nigerians from the diaspora and lovers of Lagos to boost the state's Gross Domestic Product.
Elon Musk's controversial plan for a live chat with a German extreme-right leader on X this week is allowed under European Union laws but will be scrutinised for potential violations of electoral interference rules, Brussels said on Monday. The EU's digital spokesperson said a live discussion on X was not a violation of EU rules and insisted the DSA did not "censor any type of content".
Sacked CBN staff in the 2024 mass layoff have sued the bank, demanding reinstatement and payment of benefits and arrears to date. They also want compensation.
The Central Bank of Nigeria (CBN) has revealed that commercial and merchant banks' borrowing rose by 636.6% in 2024 to N131/42 trillion in the past year.
Trading in shares of Kenya's national carrier, Kenya Airways, has resumed after being suspended for more than four years, the Nairobi stock exchange said Monday. "Notice is hereby given of the lifting of the suspension... effective January 5, 2025," the Nairobi Securities Exchange said in a statement.
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