The Nigerian currency has maintained its pressure on the dollar for the fifth consecutive day, with the Central Bank of Nigeria releasing a new exchange rate.
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Nigeria makes history as firm unveils first-ever Nigerian container ship, maps Out new route
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Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
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Cooking Gas prices surge by 32.5% in one year, reach all-time high in 2025
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Traders lament as demand for rice remains low, even as prices crash by N22,000
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ECB to cut rates again amid bleak eurozone outlook
The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture. Even before the latest turbulence, the eurozone's biggest economy was struggling with a manufacturing slowdown, and its anaemic growth rates are weighing down the broader single currency area.
Again, CBN crashes dollar for Customs duty rate as naira appreciates for three consecutive days
The Central Bank of Nigeria (CBN) has adjusted the Customs duty rates downward from N1,588.29 per dollar to N1,533.26 following naira's gains against the USD
Traders sell rice, beans at new prices ahead of Christmas celebration
The National Bureau of Statistics has revealed that the cost of rice and beans has increased across the country, leaving families with a greater financial burden.
US clean energy, defense to be impacted by China export curbs
China's retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts say, as a trade tussle escalates between the world's two biggest economies. - Clean energy - Besides defense, gallium-based semiconductors are used in radio frequency electronics, LEDs for lighting and high-efficiency solar cells, the US Geological Survey noted.
UK retailers feed off public affection for festive ads
They come with big budgets, are wrapped in sentimentality and boost company revenues -- Britain's latest instalment of eagerly awaited Christmas television advertisements has a nation tuned in. One of the most eagerly awaited UK Christmas ads is from department store chain John Lewis, with consumers buying into its "emotive storytelling", according to Deason.
Taylor Swift's record-breaking 'Eras' tour set for final show
Taylor Swift's record-shattering "Eras Tour" is set to end on Sunday in Vancouver with the final performance of a cultural phenomenon that has easily become the highest-grossing musical tour in history. Her second-last tour stop was Toronto, where she performed six shows over two weekends.
FG to cut off Nigeria's $480m rice import bill, boost local production ahead of Christmas
The NEPC has unveiled a plan to promote local rice production and eliminate the annual $480 million expenditure on importing millions of tonnes of rice.
Customs alerts Nigerians of plan to auction abandoned vehicles, containers at ports
The Nigeria Customs Service has issued importers and agents a two-week deadline to clear all overtime containers and vehicles or lose them to auctions.
Musk's millions for Trump make him biggest US political donor
Tech billionaire Elon Musk spent at least $270 million to help Donald Trump win the US presidency, according to new federal filings, making him the country's biggest political donor. Musk donated $238 million to America PAC, a political action committee that he founded to support Trump, filings late Thursday with the Federal Election Commission showed.
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