The naira is on a strong footing against the US dollar following foreign portfolio investors' renewed confidence in the economy and the CBN's interventions.
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Companies, Nigerians to adjust as Lagos announces date to begin full enforcement of SUPs ban
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Naira strengthens across FX markets as reserves hit $41.2bn, investors bet big on Nigeria
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US govt protests import bans on 25 products by Nigerian govt, shares lists
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Lagos, Rivers, Ogun lead top 8 states driving Nigeria’s economy with job opportunities
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Dollar inflows surge: Experts tip naira for stability as Nigeria’s reserves soar
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FG revisits plans to hike electricity tariffs amid mounting debts to Gencos
The federal government spends about N2 billion monthly on electricity subsidies to cover about 70% of electricity costs. This money has now hit N4 trillion debt.
Naira ends 2-week winning streak as dealers expect new debit card limits to drive demand
The Nigerian currency, the naira, has slightly reversed its gains against the dollar, after a two-week surge in the official market to close at N1,528 per dollar.
Commerzbank commits to strategy as UniCredit ups direct stake
German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid. Commerzbank has strongly resisted a possible takeover by UniCredit since the Italian bank announced in September it had quietly built up a stake in the German group.
Volkswagen US deliveries fall as Trump tariffs bite
Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures. Carmakers have rushed to find ways to minimise the impact of the levies, with high-end automaker Mercedes-Benz on Monday saying it had delayed some US deliveries in the expectation of tariffs coming back down.
Iraq's Kurdistan enjoys all-day state electricity
More than 30 percent of Iraq's autonomous Kurdistan region now has 24-hour state electricity, authorities said Thursday, with plans to extend full coverage by the end of 2026. "Today, two million people across the Kurdistan region enjoy 24-hour electricity... that's 30 percent of the population," including the cities of Arbil, Duhok and Sulaimaniyah, said regional prime minister Masrour Barzani.
Lidl owes French rival $50 mn after ads ruled deceptive
German supermarket chain Lidl faces a 43-million-euro ($50 million) payout to a French rival after an appeals court ruled its ads to be deceptive. The Paris appeals court ordered Lidl to pay the amount to French chain Intermarche after finding hundreds of the television spots that it ran between 2017 and 2023 were likely to deceive consumers and amounted to unfair competition.
Mattel launches Barbie doll with diabetes
Mattel has launched its first Barbie doll with type 1 diabetes in a bid to foster a greater sense of inclusion and empathy among children, a company vice-president said Tuesday.
The long slow death of Norway's wild salmon
Waist-deep in a rain-swollen river, Christer Kristoffersen cast his line, landed it gently on the water, and caught ... nothing. While locals can do little about climate change -- which leads to warmer waters and changing ecosystems -- another culprit is fish farming.
Can Kenya attract the outsourcing jobs of the AI future?
In a leafy Nairobi suburb, a Kenyan firm helps foreigners track shoplifters, monitor lung damage from Covid-19 and identify whales -- tapping into the outsourcing market's artificial intelligence-boosted boom. Traditional outsourcing is already booming.
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