
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.
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.
Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump's attempt to fire her.
President Donald Trump's administration has revoked Taiwanese semiconductor giant TSMC's authorization to export US chipmaking equipment to China without a license, further restricting access to US technology in the country.
A US judge on Tuesday rejected the government's demand that Google sell its Chrome web browser as part of a major antitrust case but imposed sweeping requirements to restore competition in online search. The US currently has five pending antitrust cases against major technology companies.
US President Donald Trump said Tuesday that he plans to seek a swift ruling from the Supreme Court as his administration pushes to overturn a court decision that found many of his tariffs illegal. If these tariffs are ultimately ruled illegal, companies could potentially seek reimbursements. bys/bjt
Nestle's sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its strengths, industry analysts said Tuesday. "But in a positive scenario it could accelerate Nestle's return to its strengths," he said.
The Central Bank of Nigeria (CBN) has conducted a series of foreign exchange interventions in the FX market, leading to a surge in the naira's value.
Chloe Malle will follow Anna Wintour as editor of Vogue, the magazine said Tuesday, resolving an intrigue that has gripped fashion and journalism circles for months. - Wintour 'down the hall' - "Chloe Malle is Head of Editorial Content for American Vogue, effective immediately," Vogue said on its website.
Nigerian banks have slashed exchange rates on naira debit cards following the rebound of the local currency in the parallel and official windows recently.
Record spending of £3 billion ($4 billion) during the summer transfer window further cements the Premier League as the "most competitive in world football", according to financial experts Deloitte.
Economy
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