
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.
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.
Meta chief Mark Zuckerberg said Tuesday that the group's platforms including Facebook and Instagram would in future imitate rival X's "Community Notes" feature rather than using professional fact-checkers. The bloc's Digital Services Act encourages platforms to fight misinformation with tools including professional fact-checkers.
Nigerians may be looking at another key player in the oil palm production space, as Okitipupa oil palm acquires 4 new mills. NGX listing also in view.
The United States announced sanctions against the head of Hungarian Prime Minister Viktor Orban's cabinet on Tuesday for his alleged involvement in corruption. "This systemic corruption Antal Rogan represents is affecting Hungary's decision-making on issues that impact the security of the United States of America and our allies," US ambassador to Hungary David Pressman told a press briefing.
Traders and foreign exchange dealers reduced their demands for the dollar in the third quarter of 2024, helping the naira to increase in value against USD.
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.
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 living in the United States of America have been ranked high among African migrant communities that are thriving financially in the United States.
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
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.
Economy
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