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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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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UK economy stalls in July
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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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PenCom issues final warning to employers, announces date to blacklist defaulters
By the latest directive, any employer that fails to remit pension obligations for its employees will be blacklisted by the commission and face stiff penalties.
New CEO of Jeep owner Stellantis starts with leadership shake-up
Antonio Filosa began his tenure as chief executive of US-European auto giant Stellantis on Monday with a leadership shake-up, as he seeks to jump-start performance at the struggling maker of Jeep, Peugeot and Fiat vehicles. Picat, who was once seen as a potential successor of Tavares, has been mentioned as a possible replacement for Renault's departing chief executive Luca de Meo. tsz-fmp/lth/cw
Eurozone business activity almost flat again in June
Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of expansion -- albeit at a slowing, sluggish pace, a closely watched survey showed Monday. The expansion in the 20-country currency area was centred on the manufacturing sector, where production increased for the fourth successive month, according to the survey.
New naira-dollar exchange rate announced as CBN intervenes in FX market
The naira has appreciated against the dollar week-on-week bringing much needed relief for businesses and importers. Analysts have made projections for the new week.
Telegram Founder, Pavel Durov, to share his $17.1 billion fortune among over 100 children
Telegram founder and billionaire, Pavel Durov, is father to over 100 children and has announced his will, saying he does not want his children to fight over it.
Oil prices spike after US strikes on Iran
Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran's nuclear facilities. "An oil price shock would create a real negative impact on most Asian economies" as many are big net energy importers, they wrote, reflecting the market's downbeat mood.
Oasis: from clash to cash
Fifteen years after their explosive split, British music legends Liam and Noel Gallagher are reuniting for an Oasis tour that promises not only Britpop nostalgia but also staggering revenues. While Liam has insisted that money is "way down the list" of reasons for the feuding brothers' reunion, British press reports have suggested that each sibling could pocket around £50 million ($67 million).
Toxic threat from 'forever chemicals' sparks resistance in Georgia towns
Sasha and Jamie Cordle thought their small farm in rural Georgia would be a ladder out of working-class struggle, and a gift for their children and grandchildren. Sasha, who moved to the property after marrying Jamie in 2020, soon developed two autoimmune conditions, as well as high blood pressure and chronic fatigue.
Nigerian oil companies rush to convert licences as the June 27 deadline draws nearer
The federal government has announced conditions for renewing oil licences after the official deadline, as affected companies rush to comply before June 27.
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