
The Nigerian currency, the naira, is on a bullish run against the US dollar, appreciating to N1,497 per dollar and N1,525 in the parallel segment of the FX market.
The Nigerian currency, the naira, is on a bullish run against the US dollar, appreciating to N1,497 per dollar and N1,525 in the parallel segment of the FX market.
The much-feared AI evolution appears to have arrived as employers are now replacing several roles with AI. Microsoft is letting 9,000 job roles to be replaced by AI.
The Nigerian-owned company promised that it will embark on routes that were not earlier offered to businesses, and ship goods within and outside Nigeria.
The Nigerian currency has maintained its pressure on the dollar for the fifth consecutive day, with the Central Bank of Nigeria releasing a new exchange rate.
Stock markets mostly fell alongside a retreating dollar Friday as international tensions over tariffs dominated sentiment. European stock markets retreated around midday, also as China said it will impose "anti-dumping" taxes of up to 34.9 percent on cognac and other brandy imported from the European Union starting from Saturday.
The Customs Area Comptroller of the Apapa Terminal explained the series of operations that led to the seizures, and released a list of the seized cargoes.
French air traffic controllers staged the second day of a two-day strike on Friday, prompting the cancellation of flights affecting hundreds of thousands of people not just to-and-from France but also overflying the country as summer holidays kick off.
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Beijing's commerce ministry said on Friday that China's tariff commission had "decided to impose anti-dumping duties on imports of relevant brandy originating in the EU" from Saturday.
In a bid to curb the prevalence of misleading ads that led people to invest in the CBEX platform, the federal government is tightening regulation through the ARCON.
A summit of BRICS nations will convene in Rio de Janeiro on Sunday and Monday, with members hoping to weigh in on global crises while tiptoeing around US President Donald Trump's policies. Brazil nevertheless hopes that countries can take a common stand at the summit, including on the most sensitive issues.
Economy
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