Actor Baba Ijesha has been released from detention as confirmed by Yomi Fabiyi and Kola Olotu. His return sparked reactions on social media from fans.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
The Manufacturers Association of Nigeria (MAN) has voiced concerns about the 35% aggregate lending rates that commercial banks impose on companies.
Major pharmaceutical companies lashed out following a landmark deal unveiled Thursday to cut the costs of 10 key medicines, with some saying the price-setting process was not transparent. Novartis, whose heart failure treatment Entresto is among the 10 selected medicines, pushed back against the price-setting process as "not objective or transparent."
Recent reports have ranked Africa's weakest currency in 2024 compared to the US dollar, with the naira ranking among the continent's worst-performing currencies.
Ukraine on Thursday rejected as "absolute nonsense" suggestions it was involved in the 2022 sabotage of the Nord Stream pipelines, which transported Russian gas to Europe via the Baltic Sea. "Ukraine's involvement in the Nord Stream explosions is absolute nonsense.
Shares in Danish drugmaker Bavarian Nordic, which manufactures a vaccine targeting mpox, soared Thursday after the World Health Organization (WHO) declared an mpox surge in Africa a global public health emergency. Bavarian Nordic, whose vaccine has been licensed for preventing mpox since 2019, saw its shares rise more than eight percent on the Copenhagen Stock Exchange by midday on Thursday.
The US retail giant Walmart reported a rise in revenues on Thursday on increased e-commerce and advertising sales, and raised its outlook for the year. The results beat analyst estimates, causing it to raise its outlook for the year.
Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown. Alibaba runs some of China's most popular e-commerce apps and its performance is widely considered an indicator of broader economic trends.
Three Nigerian presidential jets have been seized in France and Switzerland due to a long-standing business dispute with Chinese company Zhongshan.
Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday. Separate data this week showed Britain's unemployment rate dropping to 4.2 percent and wage growth down to the lowest level in nearly two years.
Economy
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