The Nigerian currency, the naira, has fallen for the third consective days as demand for the US dollar spiral the official foreign exchange market.
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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Kogi tops list of most expensive states to live in September 2025 as inflation drops
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Thousands of US Amazon staff strike days before Christmas
Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season. In Germany, an affiliate of the union ver.di also launched a stoppage at an Amazon facility in the western part of the country, saying it was operating in solidarity with the US union.
NNPC, TotalEnergies invite Nigerian graduates to apply for scholarship opportunity in France
Nigerian graduates have been encouraged to apply for the NNPC Limited and TotalEnergies International Masters Degree Scholarship for 2024 in France.
Tariffs could cause 'massive' price increases: Top Biden advisor
Sweeping tariffs under consideration by Donald Trump could cause "massive" increases to the cost of producing everyday goods including coffee and chocolate, President Biden's top economic advisor said Thursday. "So you could see a real, massive change in their cost structures, which would lead to massive increases in their prices."
Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft
Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some $36 billion as it seeks to expand its service. "Pegasus has signed an agreement with The Boeing Company for 200 Boeing 737-10 aircraft," the low-cost airline said in a statement that valued the "historic" contract at "approximately $36 billion".
US govt shutdown looms as Trump, Musk kill funding deal
The United States was staring down the barrel of a holiday-period government shutdown Thursday as a late-hour intervention by Donald Trump and Elon Musk threatened efforts in Congress to keep the lights on through the New Year.
Nigerians to enjoy more power as FG deploys $750m World Bank loan to boost electricity
14 substations to be upgraded and 21 new ones set up under the Presidential Power Initiative, to deliver additional 150MW to be delivered to Nigeria's national grid.
Naira is gaining: CBN announces new dollar inflow into Nigeria
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that remittance inflows into Nigeria reached 61.1% to $4.22 billion in 2024.
Amazon workers in US strike days before Christmas
Thousands of workers at Amazon facilities across the United States went on strike Thursday, the Teamsters Union said, halting work at the height of the busy holiday gift-giving season. Less than a week before the Christmas holiday, the strike threatens a significant disruption of deliveries of Amazon orders as Americans rush to send last-minute gifts.
BoE holds interest rate after inflation rise
The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again. The BoE reduced its key interest rate in August for the first time since early 2020, from a 16-year high of 5.25 percent as UK inflation returned to normal levels.
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