The Nigerian currency, the naira, has fallen for the third consective days as demand for the US dollar spiral the official foreign exchange market.
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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FG invites Nigerians to apply for N50k for their business, releases link
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Putin says Russia a top oil producer, despite 'unfair' pressure
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Nestle to cut 16,000 jobs worldwide
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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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Veggie 'burgers' face the chop as EU lawmakers back labeling ban
Plant-based "steaks" and "veggie burgers" may be on the way out in the European Union after the bloc's parliament voted Wednesday to restrict such labels to meat only, in a win for disgruntled farmers. It is not the first time veggie burgers have found themselves in the crosshairs of European lawmakers, with a similar proposal for a ban rejected in 2020.
Germany raises growth forecasts, but warns reforms needed
Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government Wednesday said as it raised forecasts, but called for "decisive reforms" for a sustained recovery. In its latest forecasts, the economy ministry said it did not expect a third year of recession in 2025, although the economy would only grow 0.2 percent.
Dollar recovers, naira declines as CBN injects $150 million into FX market
The Nigerian currency, the naira, has dipped in value after weeks of appreciation in the foreign exchange market. The naira's fall came amid CBN's intervention
EU wants key sectors to use made-in-Europe AI
The EU on Wednesday told European businesses in critical sectors to ramp up their uptake of artificial intelligence and pushed for the bloc to cut its dependence on foreign AI providers.
N3.6 trillion race: How Lagos, Rivers, and FCT left other states behind in Nigeria’s IGR ranking
Lagos State has retained its position as the Nigerian state with the highest internally generated revenue for 2024, followed by Rivers, and the FCT.
In Simandou mountains, Guinea prepares to cash in on iron ore
At the foot of the Simandou mountains in southeast Guinea's lush tropical forest, thousands of workers, trucks and excavators are digging up the hills. "When you look at the Simandou railway's route, it passes very far from all of Guinea's major cities," he said.
Gold tops $4,000 for first time as traders pile into safe haven
Gold prices broke $4,000 for the first time Wednesday as investors piled into the safe haven over expectations for US interest rate cuts and worries over the US government shutdown. Gold -- long considered a go-to in times of uncertainty -- climbed to a high of $4,006.68 Wednesday, even as the dollar has pushed up against most of its peers in recent days.
Indian garment exporters reel under US tariffs
When Donald Trump was elected, Indian garment exporter R.K. Sivasubramaniam thought the new US president would boost business and invested heavily in anticipation of a boom. "We cannot give that much," said Sivasubramaniam, whose desk carries crossed US and Indian flags.
Trump talks up Canada trade deal chances with 'world-class' Carney
President Donald Trump said Canadian Prime Minister Mark Carney would be "very happy" after their trade talks at the White House Tuesday, but offered no immediate concessions on lifting steep US tariffs. But Carney, who faced pressure at home to get a deal during his second White House visit since taking power in April, left without any firm promises that tariffs would be lifted.
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