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.
Economy
Most viewed
Popular
-
Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
-
Expert explains economic, investment implications of Tinubu’s presidential pardon
-
New tax law replaces reliefs with rent-based deductions, capped at N500k
-
Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
-
Europe 'well positioned' for future shocks: ECB's Lagarde
Economy Latest News
Blue Origin set for first launch of giant New Glenn rocket
A quarter of a century after its founding, Jeff Bezos's Blue Origin is finally ready for its maiden orbital voyage on Sunday with a brand new rocket the company hopes will shake up the commercial space race. He founded Blue Origin in 2000 -- two years before Musk created SpaceX -- but has adopted a more cautious pace, in contrast to his rival's "fail fast, learn fast" philosophy.
South Korea says Jeju Air jet black boxes stopped recording before crash
The black boxes holding the flight data and cockpit voice recorders for the crashed Jeju Air flight that left 179 people dead stopped recording four minutes before the disaster, South Korea's transport ministry said Saturday.
UK finance minister begins China visit amid govt bond crisis
British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world's number two economy as UK borrowing costs soar. They may seek to revive long-suspended annual trade and investment dialogue and discuss avenues for cooperation, potentially including financial services.
Devastating LA fires expected to push up insurance premiums
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a region already abandoned by many insurers. On Wednesday, it estimated the total cost of the Los Angeles fires so far at between $135 billion and $150 billion.
Meta abandons racial diversity programs in further right-wing shift
Social media giant Meta announced Friday it is dismantling its diversity, equity and inclusion (DEI) programs across the company, marking another major shift in strategy as it aligns with politically conservative priorities.
Smart glasses enter new era with sleeker designs, lower prices
Producers of hi-tech connected eyewear are multiplying their innovations with increasingly discreet models in an attempt to make a difference in a highly competitive -- and fast-emerging -- market. Today's smart glasses, all paired with smartphone apps, increasingly resemble traditional eyewear.
Brazil gives Meta 72 hours to explain new fact-checking policies
Brazil on Friday gave social media giant Meta 72 hours to explain its fact-checking policy for the country, and how it plans to protect "fundamental rights" on its platforms. - 'Respect Brazilian legislation' - The extrajudicial notice asks for clarity on how social media algorithms will be designed "in order to unwaveringly promote and protect fundamental rights."
A surreal finish to Donald Trump's historic criminal trial
It was, by many measures, a trial like New York had definitely seen before -- a panel of citizen jurors finding a real estate mogul guilty of business fraud. And yet, Steinglass agreed with Judge Juan Merchan's ultimate decision to deliver a sentence of unconditional discharge, a measure that upholds the guilty verdict but does not sanction the convicted defendant.
Germany reports foot-and-mouth disease in water buffalo
Germany on Friday registered three cases of foot-and-mouth disease in water buffalo on a farm near Berlin, the country's first reported cases of the livestock disease since 1988. Water buffalo have been in Germany since the 1990s, according to the Berlin state government, farmed for their milk and meat and used to control grass growth on fields. bur-vbw-sea/fz/gil
Economy
Load more