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.
Economy
Most viewed
Popular
-
Nigeria makes history as firm unveils first-ever Nigerian container ship, maps Out new route
-
Limited time to apply: Lagos state begins 2025 recruitment into civil service, releases link and criteria
-
Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
-
Cooking Gas prices surge by 32.5% in one year, reach all-time high in 2025
-
Traders lament as demand for rice remains low, even as prices crash by N22,000
Economy Latest News
Google says AI weather model masters 15-day forecast
A new artificial intelligence-based weather model can deliver 15-day forecasts with unrivaled accuracy and speed, a Google lab said, with potentially life-saving applications as climate change ramps up.
Von der Leyen heads to EU-Mercosur summit for trade deal
European Commission President Ursula von der Leyen announced Thursday her participation at a summit of South America's Mercosur bloc, saying a controversial free-trade deal between the EU and the group was within reach. It would be "the largest trade and investment partnership the world has ever seen", von der Leyen wrote en route to Sao Paolo before heading on to the Uruguayan capital.
Natural disasters cause $310bn in economic losses in 2024: Swiss Re
In a year set to be declared the hottest on record, natural disasters caused $310 billion in economic losses globally in 2024, as climate change increasingly takes its toll, Swiss Re said Thursday. Swiss Re, which serves as an insurer of insurance companies, stressed the impact of climate change, with this year on course to be declared the hottest since records began.
Shell, Norway's Equinor to form joint UK oil and gas firm
British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company. - Legal case - Under the deal, Equinor will retain ownership of three oil and gas cross-border assets between Norway and Britain, along with its offshore UK wind farms.
Electronic Transfer Levy: PoS operators begin new charges as FG makes deductions on Opay, others
Point of Sale (PoS) operators have alerted Nigerians of increased service charges following the implementation of the N50 electronic charges on fintech firms.
British regulator approves Vodafone UK, Three merger
Vodafone and Three, the UK division of Hong Kong-based CK Hutchison, are set to create Britain's biggest mobile phone operator after the country's competition regulator backed the deal Thursday. Vodafone said the enlarged group will create "a new force in UK mobile, unleashing more competition and investment to transform the UK telecoms landscape".
Bitcoin hits $100,000 for first time as traders cheer Trump pick
Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.
FG to roll out special end-of-year train services for Nigerians during Christmas, New Year
The FG has promised to provide special train services during the Christmas-New Year celebrations for Nigerians travelling to visit their loved ones.
Chinese shopping app Temu suspended in Vietnam: state media
Chinese shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday. Goods ordered on Temu were no longer being cleared through customs in Vietnam, state media reported, after the company missed an end-of-November deadline to register with the ministry of industry and trade.
Economy
Load more