Britain’s economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump’s tariffs blitz took effect. The UK’s gross domestic product (GDP) grew by 0.7% between January and March, according to a statement from the Office for National Statistics (ONS). This…
The start of President Donald Trump’s term earned rave reviews at the world’s leading crypto conference Wednesday, but top industry lawyers said digital platforms wanted regulatory clarity while the Republicans control Congress. “It’s been a very encouraging three months across the board,” said Lewis Cohen, a digital asset attorney with the New York-based firm Cahill…
Chinese exports rose last month despite the trade war raging with the United States, official data showed Friday, ahead of talks between the world’s top two economies towards easing the standoff. Experts said that the forecast-smashing 8.1-percent rise indicated that Beijing was re-routing trade to Southeast Asia to mitigate US tariffs of up to 145…
The Nigerian Civil Aviation Authority (NCAA) says it has sent a letter of sanction to Kenya Airways over the cases of one Gloria Omisore and two other passengers. According to a press statement by the Director Public Affairs and Consumer Protection, Michael Achimugu, the penalties are for consumer protection-related infractions, including right to care, failure…
The United Arab Emirates has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe. Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday that the UAE is now one of the supporters of the project, which is estimated to cost…
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m The World Bank’s official website revealed that the cumulative disbursement had increased from the earlier reported $315m in 2023 to $530m this year, reflecting fresh inflows into Nigeria’s accounts for…
The House of Representatives has urged the Federal Government to establish more Compressed Natural Gas (CNG) conversion centres across the country. Adopting a motion by Deputy Minority Leader, Aliyu Madaki, the House believes that conversion of vehicles to CNG will bring down the cost of living for Nigerians and called for equitable distribution of the…
Justice James Omotosho of the Federal High Court Abuja has dismissed a suit filed by MultiChoice Nigeria, owners of DStv and GOtv, challenging the Federal Competition and Consumer Protection Commission’s (FCCPC) intervention in its recent subscription price hike. Delivering judgment, Justice Omotoso ruled that the suit constituted an abuse of court process as similar proceedings…
Dubai’s Emirates Group, which includes the Middle East’s biggest airline, announced on Thursday gross annual profit of $6.2 billion, its third record in three years. The 18% increase in profit, driven by strong customer demand, dropped to $5.6 billion after the UAE’s newly introduced corporate tax, which was applied for the first time over a…
The Federal Government has signed an agreement with the International Fund for Agricultural Development (IFAD) to commit over $158 million to support smallholder farmers in nine states across northern Nigeria. An agreement was signed during a meeting chaired by Vice President Kashim Shettima at the Presidential Villa in Abuja, with several governors and deputy governors…
