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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China's power paradox: record renewables, continued coal
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eNaira surges in Value, hits N18.32 billion as naira trades better than other global currencies
Nigeria's digital currency, the eNaira, has recovered most of its value, rising by 78.8% to N18.32 billion in the first 10 months of 2024, CBN's data says.
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US to ban smart cars containing Chinese tech
The United States finalized a rule Tuesday effectively barring Chinese technology from cars in the American market, taking aim at software and hardware from the world's second biggest economy over national security risks.
Lindt chocolate to raise prices again this year
Swiss chocolate maker Lindt & Spruengli announced Tuesday that it would raise prices again in 2025 after strong sales last year showed that increases had not cut the appetite of consumers. The company posted organic sales growth -- which excludes currency fluctuations and acquisitions -- of 7.8 percent in 2024 to 5.47 billion Swiss francs ($6 billion).
Trump to make online address to global elite's Davos meeting
Donald Trump will speak online to the annual meeting of the global political and business elite in Davos next week, days after taking office as US president, the World Economic Forum said on Tuesday. "He will join us digitally" on January 23, WEF president Borge Brende said in a press briefing previewing the annual meeting.
Norway finds Air France seating policy discriminatory
Norway's anti-discrimination tribunal found Air France's policy against seating men next to unaccompanied children to prevent any possibility of predatory behaviour to be discriminatory, a passenger said Tuesday. The man, Dominique Sellier, filed a complaint with the Norway's anti-discrimination tribunal Diskimineringsnemnda.
Dozens rescued, 15 bodies pulled from South Africa mine
Over two dozen illegal miners were rescued and at least 15 bodies recovered from an abandoned gold mine in South Africa, as operations continued for a second day Tuesday to reach more people who have been underground for months. Thousands of illegal miners, many from other countries, are said to operate in abandoned shafts across South Africa.
Volkswagen deliveries fall in 2024 as electric push slows
Volkswagen's deliveries fell last year, the German carmaker said Tuesday, underlining fierce Chinese competition and faltering demand for electric vehicles.
Manufacturers project 10% growth in 2025, expect new minimum wage to improve consumer spending
Manufacturers are calling on the government to ensure full implementation of the new minimum wage, in order to increase Nigerians purchasing power in 2025
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