After recently discovering almost 20 oil blocs, Niger government is now inviting Africa’s richest man, Aliko Dangote, to help in the exploration and development.
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UK releases new salary requirements for skilled worker visas
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From allies to enemies: the cost of a Musk-Trump split
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Dollar crashes massively in forex markets as naira records highest appreciation
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US aerospace industry anxious as tariffs loom
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Arik Air’s debt hits N455 billion as airline faces possible liquidation amid alleged fraud case
Caterpillar so far not hiking prices to offset tariff hit
Caterpillar has trimmed corporate travel and other discretionary spending to offset a tariff hit, but has no plans to raise prices or overhaul supply chains, executives said Wednesday. The company is not currently considering price increases due to tariffs, partly out of the hope that Trump will reach trade deals that remove the levies, executives said.
Trump praises Musk as chief disruptor eyes exit
US President Donald Trump on Wednesday said Tesla boss Elon Musk could stay working for the White House as long as he wanted but understood the tycoon wanted to get back to his businesses. "And you know you're invited to stay as long as you want," Trump said, though added that Musk may want "to get back home to his cars."
Toyota Nigeria brings back motor road show, promises free services, discounted cars
The Toyota car roadshow has been scheduled to take place in Lagos state, featuring discounted purchases for intending buyers, and free car diagnosis, among others.
Mexico avoids recession despite tariff uncertainty
Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite deep uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday. The positive growth means Mexico outpaced the US economy, which data released on Wednesday showed contracted in the first three months of the year.
Microsoft president urges fast 'resolution' of transatlantic trade tensions
Microsoft President Brad Smith called Wednesday for a swift resolution of trade tensions between the United States and Europe, during an interview with AFP in Brussels. It's been important and good for the United States, it's been important and good for Europe," Smith said.
MTN Nigeria returns to profitability after two years, posts N133.7 billion profit
In 2023 and 2024, MTN Nigeria posted over N537 billion losses, causing great worries to shareholders. But the gloomy days seem to be over now with the latest result.
Airport operator warns air travellers against violence, takes legal action against offenders
The airport operator has warned that physical violence against airport staff will not be condoned, especially from passengers trying to escalate complaints.
More automakers drop earnings guidance over tariffs
Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs.
German growth better than expected but tariff turmoil looms
Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.
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