The Central Bank of Nigeria has finally harmonised the official FX rate for Customs duty with the prevailing market rates amid the naira's recent gains.
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Visa's 24/7 war room takes on global cybercriminals
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Cooking Gas prices surge by 32.5% in one year, reach all-time high in 2025
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FG’s Lagos-Calabar highway project gets boost of $100 million from ECOWAS Bank
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4 major benefits in Nigeria’s new tax law taking effect in 2026
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Naira gains strength as gap between official and black market rates narrows to just N2
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Nigerians to enjoy more power as FG deploys $750m World Bank loan to boost electricity
14 substations to be upgraded and 21 new ones set up under the Presidential Power Initiative, to deliver additional 150MW to be delivered to Nigeria's national grid.
Naira is gaining: CBN announces new dollar inflow into Nigeria
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that remittance inflows into Nigeria reached 61.1% to $4.22 billion in 2024.
Amazon workers in US strike days before Christmas
Thousands of workers at Amazon facilities across the United States went on strike Thursday, the Teamsters Union said, halting work at the height of the busy holiday gift-giving season. Less than a week before the Christmas holiday, the strike threatens a significant disruption of deliveries of Amazon orders as Americans rush to send last-minute gifts.
BoE holds interest rate after inflation rise
The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again. The BoE reduced its key interest rate in August for the first time since early 2020, from a 16-year high of 5.25 percent as UK inflation returned to normal levels.
Portugal, Spain, France bust contaminated seafood ring
A European operation has spared revellers a potential food poisoning nightmare before Christmas, seizing 30 tonnes of molluscs illegally fished in polluted waters and arresting 62 suspects, authorities said on Thursday. Law enforcement in Portugal, France and Spain seized the molluscs and six tonnes of glass eels worth up to 10 million euros ($10.4 million) on the seafood market, Europol said.
US-based Friedkin Group complete Everton takeover
The US-based Friedkin Group have completed the takeover of Everton, the Premier League club announced Thursday. The Premier League said the Friedkin Group had purchased a 98.8 percent stake in Everton which becomes the 10th English top-flight club under majority American ownership.
US, European, Chinese firms seek to draw Vietnam arms deals from Russia
Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe's Airbus and Chinese firms, put their wares on show at an arms fair in Hanoi Thursday as Vietnam looks to diversify its defence supplies away from Russia.
Sony buys 10% of 'Elden Ring' owner for $320 mn
Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'. Kadokawa also owns Tokyo-based FromSoftware, the creator of the dark fantasy role-playing adventure game "Elden Ring", which was developed with help from "Game of Thrones" author George R.R. Martin.
Fuel price expected to change as petrol landing cost drops again
The Major Energy Marketers Association of Nigeria (MEMAN) has revealed that the price of petrol has reduced in December compared to the previous month.
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