
The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
Asia's fourth largest economy South Korea is facing gruelling tariffs by US President Donald Trump, but its shipbuilding industry could prove a useful bargaining chip. Like the Europeans, the US shipbuilding industry has lagged behind South Korea and China, and as a result, the sector is seen as a "highly important bargaining chip in trade negotiations," he added.
Thousands marched on Saturday outside a French trade fair, calling for an end to war profiteering and Israel's offensive in Gaza in the latest demonstration to hit the event.
The Nigerian currency has rebounded in the official forex market, gaining by 26 basis points against the naira after days of depreciation and volatility.
Nigeria introduces GDNs backed by sovereign debt in naira, providing investors easier access to its high-yield debt market through international clearing systems.
Army strongmen who have seized power in coups across Africa's Sahel region since 2020 have ramped up pressure on foreign mining companies in the name of greater control over their countries' riches.
The Federal Inland Revenue Service (FIRS) has unveiled plans to operate its offices on weekends as the June deadline to file tax returns approaches.
The National Bureau of Statistics has revealed that Nigeria's inflation rate dropped again in May, however, there are states with the highest food inflation rates.
President Vladimir Putin on Friday urged officials not to let Russia fall into recession "under any circumstances", as some in his own government warned of a hit to economic growth. "Some specialists and experts are pointing to the risks of stagnation and even a recession," Putin told attendees at Russia's flagship economic forum in Saint Petersburg.
Under this scheme, over 3000 goods coming from Nigeria and 36 other African countries will enjoy zero tariffs and improved trading conditions in the UK.
Economy
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