The US government is proposing a law to impose a 3.5% tax on remittances to other countries, including Nigeria from the US, which experts say will affect the naira.
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After finding new oil blocs, Niger seeks Dangote Group’s partnership to unlock crude oil potential
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Nigeria ranks high as list shows top 10 African countries with highest overall debt to China
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UK releases new salary requirements for skilled worker visas
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Dollar crashes massively in forex markets as naira records highest appreciation
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US, China seek to extend trade truce with London talks
Ford sees $1.5 bn tariff hit this year, suspends 2025 forecast
Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.
Naira begins new week on positive note after hitting lowest beginning of May
The Nigerian naira has rebounded slightly against the dollar after starting the month of May on a negative note following the drop in crude oil prices.
Nigerian banks avoid lending to real sector, deposit N37 trillion with CBN
Banks and merchant banks have refrained from lending to the real sector due to the increasing threat to Nigeria's economic climate posed by supply chain problem.
Meta content moderator cuts over 2,000 jobs in Spain: union
Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.
Fidelity, Access, UBA lead as banks seek private investments to meet CBN deadline
In an attempt to secure their current licenses ahead of the CBN recapitalisation deadline, several Nigerian banks are now going after private investors.
Warren Buffett to remain as Berkshire Hathaway board chair
American investor Warren Buffett, 94, will remain as chairman of Berkshire Hathaway's board of directors once he steps down as chief executive at the end of this year, the conglomerate announced Monday.
Nigerians oppose FG's proposed electricity tariff hike amid growing concerns over affordability
The Nigerian government plans to increase electricity tariffs across various bands, but a recent poll shows that 3 in 4 Nigerians are against the move.
France, EU take aim at Trump's assault on science, seek to lure US researchers
French President Emmanuel Macron and European Commission head Ursula von der Leyen took aim at Donald Trump's policies on science on Monday, as the European Union seeks to encourage disgruntled US researchers to relocate to Europe.
Spain foreign tourist numbers break record in early 2025
Spain welcomed a record 17 million foreign tourists in the first three months of 2025 as the buoyant sector drives an economy outshining European peers, official data showed on Monday. Britain, France and Germany supplied the most holidaymakers to the world's second most-visited country, which last year hosted a record 94 million foreign tourists seeking its sun, beaches and culture.
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