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.
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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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Inflation rate drops in August as report shows relief for Nigerians
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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FG to train 100,000 construction workers, provide job opportunities nationwide for artisans
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New exchange rate: Naira closes negatively in official market, gains in parallel window
The Nigerian currency, the naira has depreciated in the official window for the fourth day in February after CBN extended the forex sales to BDC operators.
New FX rule: CBN orders BDCs to mark dollar transactions on international passports
All transactions involving end users' BVNs and dollar sales on foreign passports must be documented, according to new instructions by the CBN to BDC operators.
Scientists' conference kicks off global AI summit in Paris
Global experts will debate threats from artificial intelligence (AI) at a gathering in Paris on Thursday and Friday, ahead of a summit of world leaders on the fast-moving technology. "This summit has to be a moment to position Paris as the global capital of AI," digital minister Clara Chappaz told AFP journalists.
Honda-Nissan merger talks 'basically over': source
Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday. The source said Thursday that Nissan's board of directors had agreed to abandon the talks on Tuesday.
In the English countryside, a pylon war looms
Standing by his winter wheat field on a plot of land where tall electricity pylons are set to be built, John Stacey feels far from bright about the future. For Stacey, in his 60s, the construction on his land threatens not just where he works but also his home.
Bank of England set to cut interest rate
The Bank of England was widely expected to cut its key interest rate on Thursday to help support weak British growth even if UK inflation stays elevated. The Bank of England cut in August for the first time since early 2020, from a 16-year high of 5.25 percent after UK inflation fell sharply.
Nigeria's lithium mining Eldorado sparks concerns
At an open-cast mine, Abdullahi Ibrahim Danjija carefully chisels away at a hunk of whitish rock before stuffing a sack with the pieces which break off the walls. One such vendor, Matthew Danbala, crouched down as he bashed pieces of rock together.
South Korea ministries, police block DeepSeek access
South Korean ministries and police said Thursday they were blocking DeepSeek's access to work computers, after the Chinese AI startup did not respond to a data watchdog request about how it manages user information.
US government vessels to sail free through Panama Canal: State Dept
The United States said Wednesday that its government vessels would be allowed to sail for free through the Panama Canal, following heavy pressure from President Donald Trump.
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