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.
Economy
Most viewed
Popular
-
US-Vietnam trade deal sows new China uncertainty
-
Drought-hit Morocco turns to desalination to save vegetable bounty
-
FG invites Nigerians to apply for N50k for their business, releases link
-
'Writing is thinking': do students who use ChatGPT learn less?
-
Naira appreciates again as analysts predict return to N1,500 exchange rate benchmark
Economy Latest News
China to remove tariffs on Nigerian goods, other African countries
The Chinese government has announced plans to remove tariffs on goods from Nigeria and 52 other African nations, and Nigeria can benefit from improved manufacturing.
“It is not worth it anymore”, Motorists stranded as scarcity of fuel spreads, passengers lament
The queues for compressed natural gas is spreading to more cities, with Nigerians spending hours, or even days, to get the product for business and personal needs.
Swiss central bank cuts interest rates to zero percent
The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated. "The global economic outlook for the coming quarters has deteriorated due to the increase in trade tensions," the central bank said, adding that the outlook for Switzerland remained uncertain.
GHL, Conoil, 11 others mentioned as FG releases list of oil companies owing $456 million
Several oil companies in Nigeria have been carrying out exploration and drilling without paying up their royalties for years, and the government is set to get them.
SpaceX Starship explodes during routine test
One of Elon Musk's SpaceX Starships exploded during a routine test late Wednesday in Texas, law enforcement said, in the latest setback to the billionaire's dream of turning humanity into an interplanetary species. The latest setback follows an explosion of a prototype Starship over the Indian Ocean in late May.
Shortages hit Nigeria's drive towards natural gas-fuelled cars
Motorists in Nigerian cities are spending hours, or even days, queuing for natural gas to power their cars after the government promoted its use as an alternative fuel. Murtala Ishola, who is in his early 60s, said he was used to queuing for hours to fill up his gas tank but recently it had become a days-long wait.
Asian stocks drop after Fed warning, oil dips with Mideast in focus
Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. Still, with no concrete signs of escalation, oil prices edged down after another volatile day on Wednesday.
Bolivia risks debt default without new funding: president to AFP
Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. Arce has dismissed calls to stand down over an economic crisis marked by a dire shortage of foreign currency, fuel and other basics.
Waymo looks to test its self-driving cars in New York
Google-owned Waymo on Wednesday said it has applied for a permit to start testing its self-driving cars in New York City, a first for the Big Apple. New York State law limits the use of autonomous cars to testing and does not allow Waymo to offer the kind of robotaxi services it provides in San Francisco, Los Angeles, Phoenix and Austin, a Waymo spokesperson said.
Economy
Load more