A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.
The United States will double its tariffs on imported steel and aluminum starting Wednesday, according to the White House, as it published an order signed by President Donald Trump.
The Nigerian currency, the naira, has continued its upward trajectory in the official and parallel foreign exchange markets, appreciating to N1,579 per dollar.
Nigeria’s cocoa industry is set for a major boost as the government has pledged vast land. VP Kashim Shettima has also revealed a personal cocoa farm project.
The Federal Government of Nigeria, through the Federal Civil Service Commission (FCSC), seeks to employ qualified Nigerians into various departments and agencies.
In response to the several cyber attacks that have led to the loss of billions of naira, the federal government is launching a unified policy for all stakeholders.
The CBN reviewed the requirements in 2024 mandating up to N2 billion recapitalisation for tier 1 Bureau De Change Operators, and N500 million for tier 2.
The electricity regulator has issued Mainpower electricity distribution company a 60-day window to refund energy units to customers affected by its overbilling.
Inflation in the eurozone eased in May to its lowest level in eight months, back below the European Central Bank's two-percent target, further raising expectations for another interest rate cut this week. The ECB is expected to deliver its seventh-straight interest rate cut Thursday as the United States' volatile trade policies hang over the sluggish eurozone economy.
Nigeria’s national framework aims to rebuild public trust, reduce fraud, and enhance financial inclusion by improving complaint handling and transparency in banks.
Economy
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