Nigerians are groaning under the hardship caused by inflation. The price of filling a 5kg cylinder of cooking gas increased by 10%, while 12.5kg increased by 32.5%.
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Apply: ITF set to admit 100,000 artisans into its free Skill Up programme
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Nigeria makes history as firm unveils first-ever Nigerian container ship, maps Out new route
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Nigeria ranked among 10 African countries with weakest currencies amid recent naira gains
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Good news for Student Entrepreneurs as FG partners BoI to launch N50 million fund, details emerge
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Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
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Top 5 African countries Nigeria imported from in 2024, data shows products, import amount
Recent data from the National Bureau of Statistics (NBS) has revealed Nigeria's top trading partners in 2024. An NBS report places South Africa at the top of Africa.
Swiss central bank announces big rate cut to boost economy
The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe. In particular, the future course of economic policy in the US is still uncertain, and political uncertainty has also risen in Europe," it said.
Blown off course, turbine giant Orsted seeks second wind
Long dependent on fossil fuels before emerging a champion of offshore wind power, Danish company Orsted is now struggling to restore its business after dropping several major projects.
CBN slashes FX rates for Customs duty as naira trades at new rates in official, parallel markets
The Central Bank of Nigeria (CBN) has slashed the Customs duty rates for cargo clearance following the naira's rally in the official foreign exchange market.
Korean Air buys majority stake in rival Asiana Airlines
South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. The European Commission, the bloc's powerful antitrust authority, last year expressed concerns the takeover could restrict competition on routes between Europe and South Korea.
Australia to force tech titans to pay for news
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Australia wants big tech companies to compensate local publishers for sharing articles that drive traffic on their platforms.
Australia to force tech titans to pay for news shared on platforms
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Australia wants big tech companies to compensate local publishers for sharing news links that drive traffic to their platforms, an idea they have baulked at in the past.
Asian markets fluctuate after Wall St record; eyes on China
Equities swung in Asian trade Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China's economy.
Amid weak eurozone and political turmoil, ECB to cut rates again
Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.
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