Nigerians are groaning under the hardship caused by inflation. The price of filling a 5kg cylinder of cooking gas increased by 10%, while 12.5kg increased by 32.5%.
Economy
Most viewed
Popular
-
Apply: ITF set to admit 100,000 artisans into its free Skill Up programme
-
Nigeria makes history as firm unveils first-ever Nigerian container ship, maps Out new route
-
Nigeria ranked among 10 African countries with weakest currencies amid recent naira gains
-
Good news for Student Entrepreneurs as FG partners BoI to launch N50 million fund, details emerge
-
Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
Economy Latest News
“N1,117/$”: Currency dealers suffer massive losses as CBN pegs the dollar at new rates
Currency dealers are in a panic mood as the naira continues to gain against the US following the interventions of the Central Bank of Nigeria in the FX market.
Jubilation as CBN crashes dollar price for BDCs, sets new rate to sell to Nigerians
The Central Bank of Nigeria (CBN) has reduced the dollar buying rate for BDC operators to N1,101 per dollar and asked them to sell at the new rates.
Fitch downgrades China sovereign credit outlook on debt fears
Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable". Fitch said its outlook revision "reflects increasing risks to China's public finance outlook" as the country "contends with more uncertain economic prospects".
Microsoft to invest $2.9 bn in Japan AI push
Microsoft on Tuesday announced a $2.9 billion investment over the next two years in Japan to bolster the country's push into artificial intelligence and strengthen its cyber defences in the face of threats from China and Russia. "This is Microsoft's single largest investment in its 46-year history in Japan," said Brad Smith, Vice Chair and President of Microsoft, who met Kishida on Tuesday.
Most Asian markets rise as traders jockey ahead of US inflation
Equities mostly rose in Asia on Wednesday following a tepid day on Wall Street, with investors lasering in on the release of crucial US inflation data that could have a huge bearing on the outlook for interest rates.
Record remittances provide lifeline in Central America
Money sent home by migrants in the United States to Central America has risen to record levels, providing a lifeline for many of their relatives like Salvadoran mother of three Marta Alvarado. Gustavo Juarez, who heads an association of Guatemalans deported from the United States, agrees.
US officials probing Boeing whistleblower claims on 787, 777
Federal aviation authorities are investigating claims by a Boeing engineer that the 787 Dreamliner suffers from assembly defects that threaten safety, US officials said Tuesday. The Federal Aviation Administration confirmed the investigation after the claims were outlined in a New York Times article describing charges from Salehpour, who has been at Boeing more than 10 years.
Venezuela arrests ex-oil minister El Aissami in graft probe
Venezuelan authorities announced the arrest Tuesday of influential ex-oil minister Tareck El Aissami, who had resigned from his post last year amid a corruption scandal at state oil company PDVSA. "We have managed to reveal the direct participation and consequent arrest" of El Aissami, Attorney General Tarek William Saab said, adding that charges would be announced "in the next few hours."
What's behind the spate of recent incidents on Boeing planes?
Boeing has been in the headlines a lot lately following a series of incidents after the January Alaska Airlines near-miss in which a door panel came off mid-flight.
Economy
Load more