The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Apply now: Nigerian entrepreneurs can access ₦5m in DBN, Intermarc training scheme 2025
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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Food prices: Rice, beans, garri crash in markets as Tinubu gives order to FEC
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Qatar signs 27-year gas supply deal with France's Total: state energy firm
Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday. Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Total last year for a share of the Gulf state's huge North Field gas expansion project.
World Bank needs to get 'bigger': president
The World Bank could raise its lending capacity by $150 billion in the next decade but it will need to become "bigger" to respond to global challenges, its president said Wednesday. He said balance sheet changes and contributions from countries could increase the lender's firepower by $150 billion over the next decade.
“It’s a bad idea:” Former Deputy CBN Governor asks Cardoso to rethink policy on naira
Former Deputy Governor of the Central Bank of Nigeria, Tunde Lemo, has said the the decision by the CBN to float the naira was a wrong idea that has eroded trust.
CBN appoints 3 new banks to collect fees, debunks claim eNaira threatens financial stability
The Central Bank of Nigeria (CBN) has approved three new banks to collect fees under the Export Supervision Scheme while denying reports on eNaira.
Nigeria successfully repays China, India, Germany $1.81bn, services CBN loans with N912bn
The Nigerian government has spent about $1.81 billion on debt servicing in the last seven months of 2023, while the diaspora remittances also increased
Asian markets build on global rally as Fed pause hopes grow
Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus.
China to hold third Belt and Road forum next week
China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday, confirming the details of an event that several foreign leaders are expected to attend -- including Vladimir Putin. He will also "hold a welcome banquet for foreign leaders and heads of international organisations attending the forum", she added.
Birkenstock to target $8.6 bn IPO valuation: reports
German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.
Birkenstock: from German village to Barbie blockbuster
When actress Margot Robbie swapped high heels for pink Birkenstocks in the hit summer movie "Barbie," it illustrated how the sandals have transformed from unglamorous, practical footwear to a highly-coveted fashion item. - Beloved by VIPs - Margot Robbie was just the latest celebrity to be seen sporting a pair of now ultra-trendy Birkenstocks.
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