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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Asian shares rise as Japan politics weigh on yen
Asian markets rose on Monday, with Tokyo up nearly two percent after Japanese Prime Minister Shigeru Ishiba's decision to resign pushed down the value of the yen. "As for the market reaction, this obviously introduces significant downside risks for the (Japanese yen) and for long-end" Japanese government bonds (JGBs), he added.
ECB set to hold rates steady with eye on France crisis
The European Central bank is expected to hold interest rates steady again this week with inflation under control and US tariff tensions easing, even as France's political crisis presents a new headache.
Most EU carmakers on track to meet emission targets: study
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study released Monday showed. "The two-year extension of the targets allowed carmakers to take the foot off the gas and will lead to two million fewer electric cars being sold between 2025 and 2027," it said.
Nigeria’s debt service gulps N8.93 trillion in 9 months amid reserves growth
The Nigerian government reportedly spent N8.93 trillion on debt servicing in the first nine months of this year amid low oil earnings and production drops.
Seoul says over 300 South Koreans detained in US to be released
Seoul said Sunday that negotiations with the United States to secure the release of South Korean workers detained in an immigration raid have been "concluded" and they would soon be freed and flown home.
FG agency unveils N250 million fund to support local inventors
The Nigerian government, via the National Agency for Science and Engineering Infrastructure (NASENI), has unveiled the Innovator Naija Challenge.
A 'real' movie fights back in anime-ruled Japan
Pensioner Shizue Kato didn't fancy the new "Demon Slayer" anime blockbuster and instead watched "Kokuho", a rare live action cinema hit in Japan, where animation rules. But "Kokuho" is a hit in Japanese cinemas at least, the fastest domestic-made live action film to pass 10 billion yen since "Bayside" in 2003.
Indonesia's delayed new capital risks 'white elephant' status
A year after it was inaugurated, Indonesia's would-be new capital Nusantara attracts tourists and construction workers, but most of its architecturally arresting presidential palace and freshly built avenues sit silent. But despite a rush to build, the city was not inaugurated as Indonesia's new capital on August 17 last year as expected.
Tough negotiations and uncertainty ahead of OPEC+ meeting
Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered.
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