Atiku Abubakar approved a lean 2027 campaign council, naming El-Rufai deputy chairman and Dele Momodu media chief as the ADC unveils its national election team.
Naira weakens to N1,328.50 at official market as dollar demand rises; reserves hit $54.808bn and Brent tops $102 amid global rate and geopolitical pressures.
Britain's centuries-old Royal Mail is set to pass into foreign ownership after the UK government Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky's EP Group. Both parties have been waiting for the government green light since IDS in May accepted the takeover offer from the EP Group, which already held a near 28-percent stake.
Three spinoffs from French right-wing tycoon Vincent Bollore's Vivendi media empire debuted on stock markets on Monday, with mixed results as shares in the Canal+ television and film group tanked in London. Canal+, whose movie studio is behind the "Paddington" film series, fell 15 percent on the London stock exchange in morning deals.
European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could hit growth in the bloc. If the United States took a protectionist run on trade under Trump, "growth in the euro area is likely to take a hit", she said.
Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China's economy, with the latest batch of weak data compounding the disappointment of Beijing's latest stimulus pledges. That came after investors were left unimpressed last week with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a stimulus drive.
At her London pub, landlady Kate Davidson has taken to issuing Guinness ration cards, but still the beer has run out amid a UK shortage of Ireland's national drink. Davidson and her business partner came up with the idea to introduce the ration card, which requires customers to purchase two other drinks before being allowed to buy a Guinness.
An expert in the poultry business has warned that the prices of chickens and eggs could become more expensive this Christmas than they were last year.
Dominant in the electric car sector, Chinese companies have been quietly consolidating their position in the lesser-watched trucking scene -- but foreign tariffs and a perceived quality gap could signal roadblocks ahead, experts warn. Chinese manufacturers have been seen as producing lower quality products than foreign counterparts.
The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years. "Forty years ago I came to Japan because it was close to number one in GDP... it was booming," the biotech scientist told AFP at Kameda's headquarters in Japan's rice heartland of Niigata.
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.
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