The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
Economy
Most viewed
Popular
-
Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
-
Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
-
Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
Ozempic-maker Novo Nordisk says CEO to step down
Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, said Friday its chief executive was stepping down in the wake of "market challenges". Novo Nordisk launched the anti-obesity drug Wegovy, which uses the same molecule but has been directly approved as a weight loss treatment, in the United States in 2021.
Dua Lipa is the youngest person on UK's under-40 rich list
Pop star Dua Lipa, at 29 years old, is the youngest person featured on The Sunday Times' annual list of Britain's wealthiest people under 40, the publication announced Friday.
French crypto boss hails 'heroic' duo for foiling kidnap bid
French cryptocurrency boss Pierre Noizat on Friday praised his "heroic" son-in-law and a neighbour armed with a fire extinguisher for thwarting the attempted kidnapping of his pregnant daughter and young grandson. Noizat praised his "heroic" son-in-law and the man who used a red fire extinguisher against the attackers, saying he was "exemplary."
Ramaphosa's talks with Trump chance to reset tattered ties
South Africa's President Cyril Ramaphosa travels to the United States next week to meet Donald Trump in a bid to rescue deteriorating relations with a vital and increasingly critical trade partner. - G20 - High on Ramaphosa's agenda will be trade with the United States, South Africa's second-biggest trade partner.
"More scrutiny needed", Nigerians react as Elon Musk's Grok comments on NBS inflation report
Elon Musk AI chatbot, Grok said it is skeptical about the 24.23% inflation data reported by the National Bureau of Statistics, and explained why.
Top 10 states with the highest food inflation rate in Nigeria
The National Bureau of Statistics has released its latest figures on food inflation showing 10 where residents experienced the highest increase in food prices.
Thai tycoon surrenders over deadly skyscraper collapse
A Thai construction tycoon turned himself in on Friday to face charges of alleged negligence over the collapse of a skyscraper that killed dozens of people in a powerful earthquake, police said.
Lagos-based Cascador partners Sterling Bank to provide $3 million in debt funding to Oriki, 8 others
Oriki, Crop2Cash are part of the nine startups to receive $3 million debt funding from Cascador, a mid-stage business accelerator and Sterling Bank.
FG raises procurement thresholds to speed contract awards and boost transparency
FG, through the Bureau for Public Procurements (BPP) has revised procurement thresholds for MDAs to boost efficiency, reduce delays, and enhance transparency.
Economy
Load more