
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.
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.
Nigeria's foreign exchange reserves have dipped to an eight-month low amid debt repayments and forex sales interventions by the Central Bank of Nigeria (CBN).
The report shows that from April 2024 compared to April 2025, the price of used cars have increased by about 4.9%, even after discounts and promotions.
After losing almost a billion barrels of crude oil in fifteen years, the Nigerian government is finally making headway in the fight against crude thieves.
British retailer Marks & Spencer said on Tuesday that some personal data of its customers was stolen in a cyberattack that has crippled its online services for weeks. "We are writing to customers informing them that due to the sophisticated nature of the incident, some of their personal customer data has been taken," the company said in a statement on Tuesday.
German investor sentiment has jumped, buoyed by rollbacks of US tariffs, and the formation of a new national government, a closely-watched survey showed Tuesday. Almost all German sectors experienced a rise in confidence, the survey showed, but optimism grew fastest in export-intensive industries such as steel and chemicals.
Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs. The company's shares closed three percent higher on Tuesday after reports, later confirmed by Nissan, said it was planning a total of 20,000 job cuts worldwide.
Nigeria's inflation rate increased to 24.23% in March 2025, but the World Bank projects that average inflation will decline, and provided reasons to back it.
The Central Bank of Nigeria (CBN) has alerted Nigerians about fake investment funds, contracts, and loans circulating on social media, warning Nigerians to beware.
Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.
Economy
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