The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
Economy
Most viewed
Popular
-
Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
-
Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
-
Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
CAC set to strike off 100,000 companies from its register, gives reason
Corporate Affairs Commission has released the full list of 100,000 companies to be delisted over non-compliance. The companies have 90 days to act.
US trade deficit widens in November on imports jump
The US trade gap widened in November according to government data released Tuesday, as imports rose faster than exports ahead of President-elect Donald Trump's return to the White House. In November, the US trade deficit rose 6.2 percent to $78.2 billion, said the Commerce Department on Tuesday.
Nigerians rank high among top 10 African migrant communities with highest income in US
Nigerians living in the United States of America have been ranked high among African migrant communities that are thriving financially in the United States.
We can jettison proposed VAT reforms, retain status quo, says Tinubu's tax committee
Amid much controversies, the tax committee has said the FG can choose to retain status quo and discard the VAT reforms. Oyedele said why Nigeria needs the tax reform
Meta announces ending fact-checking program in the US
Social media giant Meta announced Tuesday a significant rollback of its content moderation policies, including the termination of its third-party fact-checking program in the United States.
Hundreds of young workers sue McDonald's UK alleging harassment
More than 700 young workers are suing McDonald's UK after widespread harassment claims were exposed in the media in 2023, law firm Leigh Day said on Tuesday. The law firm said another young worker claimed to have been repeatedly pestered for sex, and another claim involved a manager touching young staff inappropriately during shifts.
Microsoft announces $3 bn AI investment in India
Microsoft CEO Satya Nadella on Tuesday said the company plans to invest $3 billion in India on artificial intelligence (AI) and cloud infrastructure over the next two years. On Tuesday, Nadella said the $3 billion investment would include the setting up of new data centres.
South Sudan says will resume oil production from Jan 8
South Sudan could resume oil production "as early as tomorrow" almost a year after fighting in neighbouring Sudan ruptured a key pipeline, the government said Tuesday. After months of shutdown, South Sudan's government said production would resume from part of a facility operated by Dar Petroleum Operating Company (DPOC).
Report exposes how federal MDAs spent over N22bn on solar installations in 2024
MDAs spent over N22 billion on solar installation projects, thanks to countless national grid collapses in 2024. This is the breakdown of those projects
Economy
Load more