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.
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Naira appreciates again as analysts predict return to N1,500 exchange rate benchmark
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Thousands of jobs underway as FG shares timeline to launch four lithium plants in Nigeria
Minister of Solid Minerals, Dele Alake, has confirmed that the government will be launching four lithium processing plants worth over $800 million in 2025.
Russian government, central bank spar over economic downturn
Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive. Russia's gross domestic product (GDP) growth slowed to 1.4 percent year-on-year in the first quarter, the lowest quarterly figure in two years.
World Bank mounts pressure on FG to meet new terms before accessing $750 million loan
Nigerians may grapple with higher taxes before the end of 2025 due to the tax reform bills, approved telecom and electricity tariff hikes, and another tax raise.
Naira trades at rate as CBN sells $41 million to forex dealers, updates exchange rates
The Central Bank of Nigeria (CBN) has updated the foreign exchange rate after selling $41 million to authorised dealers in the FX market to stabilise the naira.
EU bars Chinese firms from major state medical equipment contracts
The European Union on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts."
Crude sinks as Trump delays decision on Iran strike
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. "President Trump's two-week 'thinking window' on whether to join Israel's war against Iran is no cooling-off period -- it's a ticking volatility clock."
Monsters and memes: Labubu dolls ride China soft-power wave
Small, fuzzy and baring sharp teeth, Chinese toymaker Pop Mart's Labubu monster dolls have taken over the world, drawing excited crowds at international stores and adorning the handbags of celebrities such as Rihanna and Cher.
'Turkish salmon': the Black Sea's new rose-coloured gold
Sitting in his spacious office with a view of the Black Sea, Tayfun Denizer smiles: his rainbow trout, raised in submerged cages, have made him a wealthy man. Last year, the country exported more than 78,000 tonnes of trout raised in its cooler northern Black Sea waters, a figure 16 times higher than in 2018.
Europe's lithium quest hampered by China and lack of cash
Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world.
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