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Nigeria’s exports to China jump 80% to $2.3bn

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BOI to channel 80% large enterprise loans towards priority

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RMAFC completes review of Nigeria’s revenue allocation formula

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European stocks rise 1.8% as SAP earnings boost STOXX 600

European stocks saw a boost on Wednesday, with the STOXX 600 index rising 1.8% following strong earnings from SAP, Europe’s largest software maker. Additionally, President Donald Trump’s reversal on plans to oust Federal Reserve Chair Jerome Powell eased investor concerns. Other major regional indexes, including those in Germany, France, Spain, and the UK, gained between […]

US considers equity stakes in chipmakers under CHIPS act
News

Trump to slash US tariffs on China ‘substantially’

President Donald Trump has hinted at a potential reduction in tariffs on Chinese goods, signaling a possible thaw in the tense U.S.-China trade relationship that has rattled global markets. During a White House press briefing on Tuesday, Trump indicated that the hefty tariffs—some reaching as high as 145%—could soon be eased, though not eliminated entirely. […]

IMF lowers 2024 growth projections for Nigeria
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Nigeria, IMF strengthen ties to boost spending, food security

The Managing Director of the International Monetary Fund, Kristalina Georgieva, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, have all committed to working together to enhance social spending, boost food security, and promote inclusive growth in Nigeria. Georgieva also reaffirmed […]

Business

eTranzact, NFIU partner to bridge fintech compliance gaps

eTranzact Plc has reaffirmed its commitment to regulatory compliance by partnering with the Nigerian Financial Intelligence Unit. In a statement on Tuesday, this is collaboration aims to address key compliance challenges in Nigeria’s fintech sector, with a focus on improving Know Your Customer practices, ensuring transparency in Ultimate Beneficial Ownership, and enhancing the reporting of […]

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FG warns refineries, depot owners on waste management practices

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, has issued a warning to refineries, depot owners, and other operators in the midstream and downstream sectors regarding poor waste management practices. The directive was addressed to all licensed waste management service providers, in a memo dated April 3, 2025 (Ref: NMDPRA/HQ/HSEC.02/2025/181), emphasizing the need for strict […]

Crypto

Bitcoin surpasses $91,000 for first time in 50 days

Bitcoin’s price climbed above $91,000 on Tuesday, marking its first surge past that level in 50 days. This rally was driven by a combination of political factors and institutional demand, with President Trump’s criticism of Federal Reserve Chair Jerome Powell contributing to market volatility and prompting a shift of capital into cryptocurrencies. Over the weekend, […]

Tesla’s profits crash as sales slump, trade tensions loom
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Tesla’s profits crash as sales slump, trade tensions loom

Tesla is facing one of its most financially precarious moments in years, as sluggish sales and mounting global trade tensions cast a shadow over the electric vehicle giant’s once-dominant market position. According to quarterly financial results released Tuesday, the company reported $409 million in net income on $19.3 billion in revenue. Despite delivering nearly 337,000 […]

OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
Tech

OpenAI eyes Google Chrome amid regulators probe 

OpenAI has shown interest in acquiring Google’s Chrome browser if antitrust regulators succeed in forcing Alphabet to sell it. This came to light during testimony at Google’s ongoing antitrust trial in Washington, where the move is part of broader efforts to restore competition in the search market. This disclosure was made by ChatGPT’s head of […]

Meta unveils 'Edits' video creation app to rival CapCut
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Meta unveils ‘Edits’ video creation app to rival CapCut

Meta has officially launched Edits, a new video-editing app designed to rival ByteDance’s CapCut. The app rolled out globally on Tuesday and is now available for download on both iOS and Android devices. Tailored for content creators, Edits combines AI-powered tools with intuitive features to streamline video creation. The app lets users develop and organize […]

The British government has entered a strategic partnership with OpenAI, the American firm behind ChatGPT, to enhance collaboration on artificial intelligence
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ChatGPT search surges in Europe, nears DSA regulation threshold

OpenAI’s web-enabled feature, ChatGPT Search, is rapidly expanding its user base across Europe, edging closer to new regulatory scrutiny under the EU’s Digital Services Act. According to a recent compliance filing by OpenAI Ireland Limited, the corporate arm responsible for EU operations, ChatGPT Search averaged 41.3 million monthly active recipients over the six-month period ending […]

Nigeria borrowed money to fight Boko Haram - Oyedele
Business

FG introduces new tax credit scheme amid reform

The Federal Government is introducing the Economic Development Incentive as part of its ongoing tax reform efforts. This new initiative is designed to replace the current Pioneer Status Incentive and address its inefficiencies. The EDI will directly link tax relief to measurable investments, encouraging genuine economic activity and fostering growth in key sectors. This was […]

Why motorists should verify vehicle insurance status - Operators
News

New insurance bill seeks compensation for victims of liquidated companies

The Nigerian Insurance Reform Bill, now awaiting presidential assent, seeks to improve consumer protection by establishing a compensation fund for victims of liquidated insurance companies. This was disclosed by the Chairman of the Nigerian Insurers Association, Kunle Ahmed, during a quarterly press conference in Lagos Tuesday, stating that the bill will also set up fund […]

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