The Nigerian currency. the naira has continued to surge against the dollar in the official and parallel markets despite falling crude oil prices and forex reserves.
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NLC moves to enforce minimum wage compliance in private sector
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Aba Disco invests N33 Billion in mass metering, sees major boost in billing efficiency
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Cooking Gas prices surge by 32.5% in one year, reach all-time high in 2025
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BRICS criticism brings Trump 10% tariff threat
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Lagos State issues new directive to regularize property titles for house owners
Economy Latest News
Google shares plunge after Apple executive's court testimony
Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google's search traffic on Apple devices declined last month for the first time in over two decades.
Perrier ordered to remove water filters
Regional French authorities ordered Nestle on Wednesday to remove a system that filters Perrier and to renew its authorisation to call it natural mineral water, marking the latest turn in a saga that has ensnared the government. But having to remove the filtering system within two months and obtain reauthorisation to call Perrier natural mineral water was another blow for its owner Nestle Waters.
US safety officials slow operations at Newark airport after outage
Regulators said Wednesday they have been slowing arrivals and departures at one of the United States' busiest airports following a 90-second traffic control system outage last week that has industry experts sounding alarm bells.
CBN releases new exchange rate as naira hits lowest in three weeks
The Nigerian currency, the naira, has continued its downward spiral against the dollar, depreciating to N1,612 as of Wednesday, May 7, 2025, amid slow FX inflows,
Alphabet's share price plunges on traffic drop testimony
Shares in Google parent Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine's traffic fell on Apple products last month. Cue told the court this would have a significant impact on Apple's ability to invest in new products and services. arp/dw
South Africa launches reform of derelict municipalities
South African President Cyril Ramaphosa unveiled Wednesday a plan to revive South Africa's flagging local governments, weeks after publicly criticising the state of the financial capital Johannesburg as it prepares to host the G20 summit in November.
EU trade chief says accelerating free trade talks with Asia
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc's trade chief said Wednesday. He was speaking in Singapore after signing a digital trade agreement between the EU and the city-state on Wednesday.
Sheinbaum says Mexico will defend free trade deal with US, Canada
Mexico will fight to keep its free trade agreement with the United States and Canada in the face of President Donald Trump's trade war, Mexican President Claudia Sheinbaum said Wednesday. The United States-Mexico-Canada Agreement (USMCA) replaced the previous NAFTA accord in July 2020, after Trump successfully pushed for a renegotiation during his first term in office.
Gas supply set to increase in Nigerian markets following Seplat’s deal with NLNG
After months of battling gas supply problems, Nigeria's number one gas supplier, NLNG, has entered a deal with Seplat that has the potential to change the situation.
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