On Thursday, Finnish telecoms equipment maker Nokia reported a $68 million euro loss in net profit for the first quarter, citing the tariff wars and “rapidly evolving global trade landscape”. The company said tariffs imposed by the United States could…
President Bola Tinubu has directed an immediate and comprehensive overhaul of national security strategies, demanding urgent action to end the escalating violence in Borno, Benue, Plateau and Kwara states. The President, who met with security chiefs at the State House…
Delta State Governor, Sheriff Oborevwori, and his deputy, Monday Onyeme, have dumped the Peoples Democratic Party for the All Progressives Congress. Oborevwori moved to the APC along with his predecessor and running mate of Atiku Abubakar in the 2023 presidential…
The Inspector-General of Police (IGP), Kayode Egbetokun, has ordered the withdrawal of mobile police officers from VIPs. In a statement on Tuesday, the spokesman of the Nigeria Police Force (NPF), Muyiwa Adejobi, said the move is part of the reorganisation…
Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday, as the electric vehicle maker reported a 71 per cent drop in first-quarter profits. “Probably in the next month, my…
The Nigeria Customs Service (NCS) said that the service collected N1.75 trillion in revenue in the first quarter of the year (Q1 2025). According to the Comptroller General, Bashir Adeniyi, the revenue of the service exceeded its quarterly target by…
The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, risking the wrath of US President Donald Trump. The penalties threaten to cause more tension in the already fraught relationship between…
The cost of cooking one pot of jollof rice in Nigeria rose to N25,486 in March 2025 from N21,300 in September 2024, representing about a 19 per cent hike in the price of the staple food. In its latest SBM…
Intel Corp., a chipmaker, is set to cut more than 20% of its staff this week, representing over 21,000 employees. A report by Bloomberg, citing a person with knowledge of the matter, said the move comes less than a year…
Reno Omokri, a former presidential aide and prominent social commentator has come to the defense of the Federal Government following criticisms over the installation of a ₦10 billion solar power system at the Aso Rock Presidential Villa. Speaking on the…
The Federal Government has reiterated its commitment to address the security challenges bedeviling the country. National Security Adviser, Mallam Nuhu Ribadu disclosed this during a visit to Makurdi, Benue State where he sympathized with the government and people following recent…
Nigeria’s currency in circulation dropped to N5 trillion in March 2025, according to the latest data from the Central Bank of Nigeria (CBN). Currency in circulation refers to the total amount of cash — coins and paper currency — that…
Finance leaders from around the world are gathering in Washington this week for the semi-annual meetings of the International Monetary Fund (IMF) and World Bank Group. This year’s discussions are expected to be dominated by one pressing issue: tariffs. On…
Catholic Pontiff, Pope Francis, has died at age 88. He died on Monday at 7:35 am, a day after making a much-hoped-for appearance at Saint Peter’s Square on Easter Sunday Following the recent news concerning Pope Francis, numerous world leaders…
Klaus Schwab, the influential founder of the World Economic Forum (WEF), has officially resigned as Chair of its Board of Trustees, marking the end of an era for the institution he built into one of the most powerful gatherings of…