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.
Economy
Most viewed
Popular
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
-
FG to train 100,000 construction workers, provide job opportunities nationwide for artisans
-
Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
-
Finally, Dangote free fuel distribution begins, new petrol prices emerge
Economy Latest News
FG commissions ICT Hub, unveils plans to create more jobs in tech
The federal government is ramping up efforts to create jobs for Nigerian youths especially in ICT. Dr. Bosun Tijani, has explained the role of the new ICT hub.
'No need to overthink': China Tesla fans unfazed by Musk politics
Tesla founder Elon Musk's role in the Trump administration has risked isolating the firm's traditionally liberal customers in its home market but consumers in US trade rival China seemed largely indifferent on Thursday. Despite intense competition from domestic brands, chief among them BYD, Tesla remains one of the best-selling EV brands in the world's largest auto market.
Audi Brussels shuts down as Europe's auto woes deepen
An Audi factory in Brussels billed as the "cradle" of the German carmaker's electric drive is shutting down production for good on Friday, the latest sign of the woes afflicting Europe's auto industry. Audi, a subsidiary of German auto giant Volkswagen, gave several factors for closing the Brussels plant, the largest private employer in the Belgian capital.
Import disruption looms as clearing agents threaten to withdraw services over hike in port tariffs
As the NPA increased port tariffs take effect in two days, there are tensions among businesses and importers. The projections are not looking good.
EU's top team in India to bolster relations
The EU's top team arrived in India on an "unprecedented" visit Thursday, aiming to broaden commercial and diplomatic ties and hedge against souring relations with the United States. The visit "will send the message that Europe is shoring up other partners, including India, as much as they focus on the task of resetting EU-India ties", The Hindu newspaper reported.
Climate crisis revives Soviet hydro plan in Central Asia
Central Asian countries are setting rivalries aside to build a giant hydroelectric plant originally planned in Soviet times, a bid to strengthen energy and food security and mitigate the effects of climate change. The Eurasian Development Bank said that "building new hydroelectric power stations while renovating existing ones will mitigate the impact of climate change".
Minister explains why domestic refineries are not getting enough crude oil supply
Amid heated conversations over the inability of local refineries to get sufficient crude supply locally, the Minister of state for petroleum resources has opened up.
How Elumelu’s Transcorp Power nearly tripled profits in one year, Details Emerge
Tony Elumelu's power generation company, Transcorp power has reported massive growth in its profits for 2024. The MD shared core factors that drove growth.
North Korea behind $1.5 billion crypto theft, FBI says
The US Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. "(North Korea) was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit," the FBI said in a public service announcement.
Economy
Load more