The Nigerian currency, the naira, is surging against the US dollar, propelled by a combination of forex inflows and the CBN's interventions in the FX market.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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US imports from Nigeria crash by 41% as Trump's tariff escalates trade tensions
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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CBN crashes dollar with $29 million intervention in FX market
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France to auction superyacht seized in money-laundering case
French authorities will put up for sale Thursday a superyacht seized in a money laundering case involving a Belarusian national, according to the state agency for handling confiscated assets. Belarusian national Chaslau Koniukh has been identified by French authorities as the owner of the yacht as well as a villa on the French Riviera.
Shell plans to cut more costs, boost gas sales
British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder returns, as it focuses on its liquified natural gas (LNG) business. That is an increase from its previous target of $2 billion to $3 billion in cost reductions by the end of 2025, which had involved hundreds of job cuts in its oil and gas division.
Job losses imminent as workers lay idle in Apapa ports, details emerge
Unless something is done to address the issues, many port workers may lose their jobs. This is due to the slump in barge operations at Apapa Port Container Terminal.
NIMC announces important update on NIN card, warns against illegal printing
The NIMC announced that it would soon launch an improved version of the NIN general multipurpose card, to meet the needs of Nigerians and address core concerns
Stakeholders raise alarm as data shows importation accounts for 96% of sugar consumed in Nigeria
Data shows that one container delivered about 48,000 MT earlier in March, and another container berthed at the port on March 19, delivering another 50,000MT.
Tesla sales sink by nearly half in Europe
Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as Elon Musk's politics and ageing models may be turning consumers away. Concerns about reliability and a massive recall of Cybertrucks, which are not even sold in Europe, could also have played a part in turning off European consumers, Noel added.
Chewing gum releases microplastics into mouth: researchers
Chewing gum releases hundreds of tiny plastic pieces straight into people's mouths, researchers said on Tuesday, also warning of the pollution created by the rubber-based sweet. Lowe also warned about the plastic pollution from chewing gum -- particularly when people "spit it out onto the sidewalk".
CBN releases new exchange rate as naira gains in official, black markets against major currencies
The Nigerian currency, the naira rose in value against the dollar, British pound, the euro, and other currencies, appreciating by N1,531 on Friday, March 24, 2025.
Samsung TV pioneer Han Jong-hee dead at 63
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died of a heart attack Tuesday aged 63, the company told AFP. "He died from cardiac arrest today," a Samsung spokesperson said, adding that Han was survived by his wife and three children.
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