Business &amp; Economy

At the Taraba International Investment Summit held on Wednesday in Jalingo, two of Nigeria’s most influential business tycoons, Tony Elumelu, chairman of the United Bank for Africa, and Aliko Dangote,...

Swatch Group Shareholders Reject U.S. Investor’s Board Bid, Source Says

At Swatch Group’s annual general meeting (AGM) on Wednesday, shareholders decisively rejected a bid by American investor Steven Wood to secure a seat on the board of the world’s largest...

U.S. Markets Slide as Trump’s Tax-Cut Bill Sparks Fiscal Fears and Republican Rift

U.S. stock index futures fell sharply on Wednesday, reflecting growing investor unease over fiscal policy uncertainties tied to President Donald Trump’s embattled tax-cut bill. The proposed legislation, which Trump has...

Nigeria’s Foreign Reserves See Modest Rebound Amid CBN Reforms

In a significant development for Nigeria’s economy, the nation’s external reserves recorded a net increase of over $260 million within a single week, signaling a cautious but optimistic improvement in...

Crude Surges Nearly 2% on Reports of Israeli Plans to Target Iran’s Nuclear Facilities

Crude oil prices spiked sharply on Wednesday, climbing nearly 2% in both Brent and WTI contracts, driven by a CNN report citing U.S. intelligence that Israel is preparing a potential...

Central Bank of Nigeria Maintains Monetary Policy Rate at 27.5% Amid Moderating Inflation

The Central Bank of Nigeria (CBN) has opted to keep the Monetary Policy Rate (MPR) steady at 27.5%, signaling a cautious yet steady approach to monetary policy as it navigates...

WHO Faces $500 Million Salary Gap, Announces Workforce Cuts and Structural Overhaul

The World Health Organization (WHO) is confronting a dire financial shortfall, with a salary gap exceeding $500 million for the 2026-2027 budget cycle, Director-General Tedros Adhanom Ghebreyesus announced during the...

U.S. Dollar Hits 12-Day Low Amid Tax Bill Vote and Trade Tensions

The U.S. dollar continued its downward spiral on Tuesday, extending losses after a week-long decline driven by mounting concerns over the nation’s fiscal health and cautious signals from the Federal...

Nigeria’s Capital Market Poised to Drive $1 Trillion Economy by 2030, Says Finance Minister

Nigeria’s capital market is set to become the cornerstone of the federal government’s ambitious goal to transform the nation into a $1 trillion economy by 2030, according to Wale Edun,...

Dangote Stands Firm on Affordable Fuel Despite Global Price Swings