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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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Pharrell Williams to hold Vuitton show in Hong Kong
Musician-turned-designer Pharrell Williams will hold his second show as creative director for Louis Vuitton in Hong Kong, the brand announced on Tuesday. Williams will hold a "pre-fall show" for his menswear line on November 30, following his glitzy debut at Paris Fashion Week in June.
'External activity' probably behind Finland-Estonia gas pipe leak
Finnish President Sauli Niinisto said on Tuesday a leak leading to the shutdown of a natural gas pipeline from Estonia to Finland this weekend was probably caused by an "external" element. "It is likely that the damage to both the gas pipeline and the telecommunications cable is the result of external activity," Niinisto said.
Labour leader Starmer to pledge to repair UK
Britain's opposition leader will promise on Tuesday that a future Labour government would "heal" the UK after 13 years of Conservative rule, tackling a cost-of-living crisis sparked by Brexit, pandemic lockdowns and the war in Ukraine.
IMF says world economy resilient to shocks but 'limping'
The IMF kept its 2023 global growth forecast unchanged on Tuesday but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded.
UK Labour party's new love affair with British business
After years of disenchantment, British business leaders flocked to this week's Labour conference, signalling a reset in relations between the centre-left party and a corporate community scalded by the economic policies of the ruling Conservatives.
TotalEnergies hit with lawsuit over 2021 Mozambique jihadist massacre
Seven survivors and relatives of victims of a bloody 2021 jihadist attack in northern Mozambique have launched legal action against France's TotalEnergies, accusing it of failing to protect contractors at a multi-billion-dollar gas field, their lawyers said Tuesday.
Passport home delivery to begin in February as FG seeks to secure visa on arrival from big economies
The Minister of Interior, Olubunmi Tunji-Ojo, has said Nigeria is working on passport home delivery for Nigerians beginning February next year and online application
Sunny Albania turns to solar power to fuel development
Along southwestern Albania's coastline, the sun shines bright -- warming the 234,828 new solar panels at the Karavasta power station that will be connected to the country’s energy grid in the coming weeks. - Frogs and pelicans - But along its sun-drenched coastline, engineers say the terrain is ideal for solar parks.
Myanmar truckers slog on as conflict clogs trade highway
Standing beside his cargo of Thai fruit and furniture, truck driver Ko Cho steels himself for a journey to Myanmar's Yangon that will demand bribes, dodging landslides and navigating a raging civil war. Once a truck is safely out on the road, "checkpoints" run by the military or its militia allies demand fees of roughly 150,000 kyat ($75) per truck per journey to Yangon, Aung Htoo said.
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