The bitter clash between Elon Musk and Donald Trump has drawn a spotlight on the South African-born tycoon's businesses.
Economy
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After finding new oil blocs, Niger seeks Dangote Group’s partnership to unlock crude oil potential
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UK releases new salary requirements for skilled worker visas
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Trump-Musk showdown threatens US space plans
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Dollar crashes massively in forex markets as naira records highest appreciation
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Again, naira appreciates in all markets, CBN releases new Exchange rates
US consumer confidence hits lowest level since onset of pandemic
US consumer confidence has fallen to its lowest level since the onset of the Covid-19 pandemic, according to survey data published Tuesday, reflecting concerns about President Donald Trump's tariff plans. Donald Trump's tariff plans have unnerved investors, sending market volatility soaring and consumer confidence plunging.
CAC to arrest business owners operating without registration, announces deadline
The Corporate Affairs Commission (CAC) has issued a warning to business owners in Nigeria to regularize their operations before the deadline or face arrest.
W. House slams Amazon over 'hostile' plan to display tariff effect on prices
The White House on Tuesday slammed Amazon over reports it would soon tell consumers how much US President Donald Trump's tariffs have contributed to the price tag on its goods. Earlier Tuesday, Punchbowl News reported that the e-commerce site will soon start showing "how much Trump's tariffs are adding to the price of each product," citing a person familiar with the matter.
Spain starts probing causes of massive blackout
Spain on Tuesday began to investigate the causes of the crippling blackout that disrupted millions of lives across the Iberian Peninsula, with a court probing potential "sabotage" of critical infrastructure.
France targets cheap Chinese goods with fee on packages
France wants to start charging non-EU online sellers a handling fee for each low-value package shipped to domestic customers, government ministers said Tuesday as the country copes with an influx of cheap goods from China. Some 800 million such packages were shipped to France alone last year.
AstraZeneca moves some production to US amid tariff threat
British pharmaceutical giant AstraZeneca announced Tuesday that it has begun moving some of its European production to the United States, ahead of President Donald Trump's possible tariffs on the sector. Other pharmaceutical companies have also announced plans to increase investments in the United States.
Pfizer profits dip on lower Paxlovid sales
Pfizer reported a dip in profits Tuesday, driven partly by lower sales of Covid-19 therapeutic drug Paxlovid, as it maintained a 2025 forecast that does not include potential tariff effects. Sales of Paxlovid slid 75 percent amid lower Covid-19 infections and reduced government purchases of the medication.
FG waives N97 billion import duties on rice, others, predicts 18% price drop by year-end
The federal government has waived import duties of almost N100 billion on food items like rice and maize. Certain food prices are expected to crash as a result.
Spotify posts record profit in first quarter
Music streaming giant Spotify on Tuesday reported a 12-percent rise in paying subscribers in the first quarter to 268 million, along with a record operating profit. The number of paying subscribers, which account for most of Spotify's revenue, grew to 268 million, slightly higher than its guidance of 265 millions.
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