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Friday, November 6, 2026

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Manny Akpan | Business & Economy Editor

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Volkswagen’s Xpeng Partnership Stumbles as New SUV Sells Just 267 a Month

BEIJING, China — Volkswagen is selling just 267 units a month of its first electric vehicle developed with Chinese manufacturer Xpeng, far below its...

CBN Governor Yemi Cardoso Appointed Chairman of Africa Finance Corporation

LAGOS, Nigeria — The Africa Finance Corporation has appointed Central Bank of Nigeria Governor Olayemi Cardoso as chairman of its board of directors. Cardoso succeeds...

Zenith Bank Discloses ₦376 Million in Fraud Losses and 1,633 Unresolved Complaints

LAGOS, Nigeria — Zenith Bank Plc recorded 171 cases of fraud and forgery in the first six months of 2026, resulting in losses of...

UBA, 4 Others Face Fresh Court Order in ₦4.29 Billion Forex Fraud Case

LAGOS, Nigeria — A Lagos State High Court has authorised the Economic and Financial Crimes Commission (EFCC) to serve criminal charges on United Bank...

As Billions Pour Into AI, Bank of England Governor Warns of Market Shocks

LONDON, United Kingdom — Bank of England Governor Andrew Bailey has warned that the surge of money into artificial intelligence could expose financial markets...

G7 to Release 100 Million Barrels From Reserves as Fuel Prices Surge

PARIS, France — Leaders of the Group of Seven have agreed to release 100 million barrels of crude oil and diesel from emergency reserves...

Nigeria Pursues $1.5 Billion in World Bank Financing as Public Debt Soars to N166.79 Trillion

ABUJA, Nigeria — The federal government is pursuing $1.5 billion in new financing from the World Bank for climate resilience, social protection, and early...

Aliko Dangote Named Africa’s Energy Person of the Year 2026

JOHANNESBURG, South Africa — The African Energy Chamber has named Nigerian industrialist Aliko Dangote its 2026 African Energy Person of the Year, citing his...

Paramount’s $111 Billion Warner Bros. Merger Moves Forward as States Strike Deal

LOS ANGELES, United States — Paramount has reached an agreement with 12 American states to resolve an antitrust lawsuit challenging its $111 billion acquisition...

Warren Buffett Steps Down as Berkshire Chair, Son Howard Takes Over

OMAHA, United States — Warren Buffett relinquished the chairmanship of Berkshire Hathaway on Friday, September 18, 2026, ending more than five decades in the...

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