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
-
US Treasury chief to speak with China counterpart as tensions flare
-
New tax law replaces reliefs with rent-based deductions, capped at N500k
-
China's power paradox: record renewables, continued coal
-
Withering vines: California grape farmers abandon fields as local wine struggles
Economy Latest News
Norway sovereign wealth fund drops French miner over environmental fears
Norway's sovereign wealth fund said Friday it was excluding French mining company Eramet from its portfolio, citing risks that the company was contributing to human rights violations and environmental damage at a nickel mine in Indonesia.
Indonesia seizes part of nickel site over forest violations
Indonesian authorities have seized a small section of the world's largest nickel mine for encroaching on forest areas without permission, authorities said Friday.
FG orders immediate release of ₦250bn loan to farmers, targets food security
The Nigerian government has asked for the speedy implementation of the Presidential Food Coordinating Unit (PFSCU) to accelerate provision of N250bn loan to farmers
Board of Spain's Sabadell bank rejects BBVA takeover bid
Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged shareholders to shun it as the clock ticked down on their final decision. Believing the takeover "destroys value for Banco Sabadell shareholders", the board "unanimously rejects the offer and therefore considers that the best option for shareholders... is not to accept it".
Apply now: Nigerian entrepreneurs can access ₦5m in DBN, Intermarc training scheme 2025
Intermarc Consulting and the Development Bank of Nigeria (DBN) have partnered to launch the DBN Entrepreneurship Training Programme (ETP) for 2025.
UK economy stalls in July
Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.
US tariffs deal stokes 'monster' pick-up fears in Europe
Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could large pick-up trucks, long a staple on US roads, be about to roam in greater numbers across Europe?
Ukraine's energy strikes hit Russians at the pump
Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol prices, pushed higher by Ukrainian strikes on Russia's oil infrastructure. Over the summer, a wave of strikes hit processing capacity at several key facilities, pushing fuel prices higher and leading to shortages.
Asian stocks surge into weekend with US rate cut 'seemingly locked in'
Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week. A report last week revealed the economy added just 22,000 jobs in August, while revised data showed job growth was more than 900,000 fewer than previously reported in the year through March.
Economy
Load more