
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.
The captain of a cargo ship that struck a tanker and sparked a massive blaze in the North Sea will be held in custody for a further 36 hours, UK police said Thursday. "An extension has been granted by the magistrates' court to detain the man in custody for a further 36 hours," said Craig Nicholson of Humberside Police.
Donatella Versace will end nearly 30 years as creative director of fashion label Versace, handing the reins of the flashy luxury brand to Miu Miu's Dario Vitale, the brand's owner said Thursday. Miu Miu's retail growth soared 93 percent last year.
Lagos state, though the smallest in landmass in Nigeria, is host to many multinationals and thriving businesses, including the Dangote Refinery that started in 2024.
A new graft scandal rocked the European Parliament on Thursday after police carried out several raids in Belgium and Portugal, detaining multiple suspects as part of a probe into corruption masqueraded as lobbying. About 100 police officers took part in the operation that saw a total of 21 searches conducted across Belgium and in Portugal, it added.
Germany's likely next leader Friedrich Merz said Thursday urgent action was needed to boost the country's under-resourced military and ailing economy, as he defended plans for a spending bonanza during a fiery parliamentary debate.
US President Donald Trump on Thursday threatened to impose 200-percent tariffs on wine, champagne and other alcoholic products from France and other European Union countries in retaliation against the bloc's planned levies on US-produced whiskey.
French lawmakers on Wednesday adopted a resolution urging France and allies to provide more support for Ukraine, including by seizing tens of billions of euros in frozen Russian assets.
Kyrgyzstan and Tajikistan signed on Thursday a border agreement seen as key for the stability of Central Asia, a move that follows three decades of conflict between the two former Soviet republics over water resources and land.
The naira has continued to depreciate in the Nigerian Foreign Exchange Market (NFEM) and the parallel market as experts and currency dealers ask for interventions.
Economy
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