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.
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Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
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Traders lament as demand for rice remains low, even as prices crash by N22,000
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FG mandates content creators, social media influencers to obtain approval before running ads
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Naira appreciates in black market, narrows gap with official window
The Nigerian currency has gained in the parallel segment of the foreign exchange market on Thursday, June 26, 2025, rising from N1,610 to N1,575 per dollar
PenCom moves to hedge N24 trillion pension funds from inflation, tells PFAs what to invest in
As the purchasing power of the naira continues to drop, PenCom has recommended investment strategies for PFAs to optimise returns, ensuring long-term sustainability
Spain makes Booking.com scrap 4,000 tourist rental ads
Online hotel booking giant Booking.com on Friday said it had taken down thousands of advertisements in Spain in the leftist government's latest crackdown on illegal short-term tourist rentals. Spain has also ordered online tourist accommodation giant Airbnb to take down more than 65,000 adverts for violating licence rules and has been in a legal battle with the US-based company.
Nigeria Tops Global List of Countries With Highest Number of People Without Electricity
A 2025 World Bank report has revealed that Nigeria has the highest number of people without electricity, with 86.8 million individuals affected...
China confirms trade deal framework reached with United States
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls. Under the deal, China "will review and approve applications for the export control items that meet the requirements in accordance with the law".
Nigeria’s per capita debt crosses N600k as FG seeks more World Bank loans
Nigeria's debt profile has surged to N144.6 trillion as of December 31, 2024, pushing debt per citizen to a historic high, as the Nigerian government seek more loans
Green bonds offer hope, and risk, in Africa's climate fight
It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil. Green bonds are similar to sovereign bonds: Investors are paid interest on what is essentially a loan to the government, but in this case the money funds environmentally friendly projects.
Stocks climb, dollar holds on trade hopes and rate bets
Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Traders are now fully expecting two rate cuts this year, while there was a pick-up in bets on a third, according to Bloomberg News.
US Treasury signals G7 deal excluding US firms from some taxes
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.
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