CBN introduces zero fees for transfers below ₦5,000, encouraging cashless transactions. New PoS charges offer predictability, despite higher fees on larger transfers
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Naira becomes Africa’s best-performing currency in 2026, appreciates 6.7 Per Cent
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IMF reveals Africa’s most debt-exposed nations in 2026, Nigeria absent from top 10
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Naira float, subsidy removal: 7 Economic Policies under Wale Edun and how they affected Nigerians
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NRS alerts Nigerians on purported vehicle tax, says viral infographic is misleading
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SMEDAN raises alarm as Nigerian businesses refuse to apply for support funds
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Volkswagen boss hails cost-cutting deal but shares fall
Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday. Even without shuttering factories, Blume said the agreement would lead to a reduction in production capacity of around 730,000 vehicles a year.
US probes China chip industry on 'anticompetitive' concerns
The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.
Year in review: How naira crash affected local, Foreign Companies in Nigeria in 2024
The naira crash and devaluation dealt a devastating blow to local and foreign companies operating in Nigeria in 2024, with most companies shutting down.
"No one will buy from you”: oil marketers urge members to reduce fuel prices ahead of Christmas, New Year
IPMAN has urged its members to reduce their pump price to reflect the price reduction from Dangote. IPMAN says no fuel queues or scarcity expected this yuletide.
FG's 50% discounted trips from Lagos, Abuja to other locations to commence on Christmas eve
The FG-sponsored discounted road trips, earlier billed to start on December 20, may now commence on December 24 running from Lagos and FCT to other locations.
UK economy stagnant in third quarter in fresh setback
Britain's economy was stagnant in the third quarter, according to revised official data released Monday, dealing a fresh blow to the Labour government. The ONS also revised down its second quarter growth reading to 0.4 percent from 0.5 percent.
Billionaire Tony Elumelu distributes bags of rice to Nigerian families for Christmas
Tony Elumelu, Group chairman of UBA has donated 1800 bags of rice to his home community in Delta state as an act of giving back to the society...
Honda and Nissan to launch merger talks
Japanese auto giants Honda and Nissan on Monday agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles. Ghosn told reporters in Tokyo on Monday via video link from Lebanon, where he is at large, that turning to its arch-rival Honda showed that Nissan was in "panic mode".
CBN data shows foreign exchange inflow in Nigeria in 2024, naira affected
Data from the Central Bank of Nigeria (CBN) shows that the Nigerian economy experienced a decline in FX inflow in the third quarter of 2024, relative to 2023.
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