The Nigerian currency faced a renewed volatility, depreciating in the Nigerians Forein Exchange Market (NFEM) due to the shortage US dollars in the FX market.
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Nvidia CEO disappointed over China chip ban report
Nvidia chief executive Jensen Huang on Wednesday said he was disappointed by a report that Beijing has barred major Chinese tech companies from buying his company's world-leading chips, a crucial component in the generative AI revolution. Beijing has responded by expressing national security concerns about Nvidia chips and urging Chinese businesses to rely on local semiconductor suppliers instead.
AI may boost global trade value by nearly 40%: WTO
Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to cost reductions and productivity gains, the World Trade Organization said Wednesday. "AI holds major promise to boost trade by lowering trade costs and reshaping the production of goods and services," WTO chief Ngozi Okonjo-Iweala said while presenting the report.
Germany's Merz vows 'autumn of reforms' in turbulent times
Germany will need sweeping change to remain free and prosperous, Chancellor Friedrich Merz warned Wednesday, calling on the country to unite in the face of Russian aggression, economic woes and rising extremism. Public concern about immigration has meanwhile fuelled the rise of the far-right Alternative for Germany (AfD), stoked by a series of attacks carried out by migrants.
EU says India's Russian oil purchases, military drills hinder closer ties
India's participation in military exercises with Moscow and its purchases of Russian oil "stand in the way of closer ties" with the EU, the bloc's top diplomat Kaja Kallas said on Wednesday. "Participating in military exercises, purchases of oil -- all these are obstacles to our cooperation when it comes to deepening the ties," Kallas said.
Top music body says AI firms guilty of 'wilful' copyright theft
Top music body says AI firms guilty of 'wilful' copyright theft
Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
The Joint Tax Board (JTB) has confirmed that Nigerians without a Tax ID will still be able to access and use their bank accounts after January 1, 2026.
Ben & Jerry's co-founder quits, says independence 'gone'
The co-founder of Ben & Jerry's has resigned from the ice cream brand after saying his company know for its social activism has lost "the independence to pursue our values" under the ownership of British giant Unilever.
Dollar falls to N1,484 in official window, naira appreciates in parallel market
The Nigerian currency has continued its winning streak against the US dollar, rising to an eight-month high in the official window at N1,485 per dollar.
Nestle share price slips as chairman follows CEO out the door
Nestle shares slipped on Wednesday after the Swiss food giant announced the earlier-than-expected departure of its chairman, just weeks after the sudden ouster of its chief executive over an office relationship.
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