The Nigerian currency has continued its winning streak against the US dollar, rising to an eight-month high in the official window at N1,485 per dollar.
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FG suspends 4% FOB Customs charge after backlash, import costs to Drop
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Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
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Depot owners protest as Dangote slashes petrol price by N259
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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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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DeepSeek dims shine of AI stars
China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths. But then DeepSeek upended the sector with its R1 model, which it said cost just $6 million or so, powered by less-advanced chips.
Monopoly Go game maker Scopely to buy Pokemon Go team
Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday. Scopely said the deal, valued at $3.5 billion, will bring it Niantic's entire team of game makers. gc/dw
TCN explains reasons for power outage in parts of Lagos, hints at when power will return
Several areas of Lagos state have been thrown into darkness for days. Transmission Company of Nigeria (TCN) explained the reason, and gave the date power will return
More jobs for Nigerians as FG confirms four lithium plants are being built
The Minister of Budget and Economic Planning, Atiku Bagudu, said that Nigeria has attracted four lithium plants nationwide to boost the solid minerals sector.
S.Africa revised budget gets booed despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government. The Democratic Alliance party that is a pillar of South Africa's young government of national unity immediately announced it would not support the budget.
Lower petrol prices expected as Dangote Refinery boosts crude import, moves to attain full capacity
While the naira-for-crude renegotiations are still ongoing, Dangote Refinery is not slacking and has moved ahead to source from international suppliers.
Shares in Zara owner Inditex sink despite record profit
Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.
US consumer inflation cools slightly as tariff worries flare
US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies. The consumer price index (CPI) came in at 2.8 percent last month from a year ago, down from 3.0 percent in January, said the Department of Labor.
EU hits back hard at Trump tariffs to force dialogue
The EU put on a quick show of force Wednesday against sweeping new US steel and aluminium tariffs, striking back with countermeasures that seek to hurt the United States and force it to the negotiating table. They will target US states controlled by Trump's Republican Party as well as goods that the EU believes will hurt American businesses enough to force the president to row back.
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