The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
Economy
Most viewed
Popular
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
-
UK economy stalls in July
-
Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
-
Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
Economy Latest News
Ethiopia's 'korale' recyclers turn waste into money
With a tattered bag on his back, Dereje Enigdamekonen trawled the endless alleyways of the Merkato market in Addis Ababa, calling for the Ethiopian capital's abundant scrap. "It is also beneficial for Addis Ababa: if this waste were not collected, the city's landfills would overflow.
Oil prices drop on easing fears over Middle East, most markets rise
Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran's crude or nuclear facilities in retaliation for a missile attack earlier this month.
Can biodiversity credits unlock billions for nature?
For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of scandals that have dogged other financial approaches to protecting the environment. The market in biodiversity credits or certificates -- which monetise activities that claim to protect or restore nature -- is new, unregulated and stalked by fears of "greenwashing".
Strike-hit Boeing leaves experts puzzled by strategy
A historic round of cost-cutting measures at Boeing has left experts perplexed and wondering whether the aviation giant, plagued by a month-long strike, is sacrificing its future. The direct financial impact of the first month of the strike reached $5 billion, including $3.26 billion for Boeing, according to Anderson Economic Group.
Google signs nuclear power deal with startup Kairos
Google on Monday signed a deal to get electricity from small nuclear reactors to help power artificial intelligence. The first of a series of small modular reactors (SMRs) developed by Kairos as a result of its deal with Google is projected to be online by the end of this decade, according to the companies.
Inflation pushes bread prices high as bakers quote new costs, give reasons
Bakers and bread sellers have disclosed reasons why the commodity prices will continue to skyrocket nationwide as prices rise higher than inflation.
EVs seek to regain sales momentum at Paris Motor Show
European and Chinese automakers faced off at the Paris Motor Show on Monday as they seek to make electric vehicles affordable for the broader public as the sector faces stalling sales in many countries. While the organisers of the Geneva Motor Show threw in the towel due to a lack of public interest, the Paris Motor Show hopes to attract half a million visitors. tsz/rl/js
Painkiller sale plan to US gives France major headache
The planned sale of France's best-selling medical drug to US investors has caused the government a splitting headache after an outcry against the project from politicians on all sides. "This is another symbol for the loss of our sovereignty," thundered Fabien Roussel, France's Communist party leader, calling the planned sale "shameful".
'Unsustainable' housing crisis bedevils Spain's socialist govt
Spain's acute housing crisis is piling pressure on Socialist Prime Minister Pedro Sanchez as his government's measures yield few results and frustration boils over among beleaguered citizens.
Economy
Load more