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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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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As Tesla stalls across Europe, sales rise in Norway
Tesla sales have rebounded in Norway this year, official figures showed Monday, bucking a broader European trend as consumers turn away from Elon Musk's electric car brand. "Looking at Tesla sales in Norway in May and for the year so far, we stand out from the rest of Europe, where sales of this brand have seen a noticeable decline," OFV director Oyvind Solberg Thorsen said in a statement.
Amazon price rules anti-competitive: German regulator
Amazon's pricing rules are an abuse of its market power, Germany's competition watchdog said Monday, paving the way for possible demands for changes to its business practices in Europe's biggest economy. Germany's cartel office began investigating Amazon's pricing rules in November 2022. vbw/sr/rl
EU hits food delivery company Delivery Hero with 329 mn-euro-fine
The EU on Monday slapped German food delivery company Delivery Hero and its Spanish subsidiary Glovo with a fine worth 329 million euros ($376 million) after they violated antitrust rules. Delivery Hero will have to pay a fine worth 223 million euros, while Glovo must pay around 106 million euros, the commission said.
Stocks, dollar decline as Trump ups steel tariffs
Stock markets and the dollar recoiled Monday after President Donald Trump announced he would double US tariffs on global steel and aluminium, and accused China of violating a deal to slash tit-for-tat levies. China on Monday said it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up.
Jonathan Anderson named Dior's first men's and women's designer
French fashion house Dior named Northern Irish designer Jonathan Anderson on Monday as the first-ever creative director for both its women's and men's collections. "It is a great honour to join the House of Dior as Creative Director of both women's and men's collections," Anderson said in the company statement.
Dangote compares Nigeria's new petrol price to West African countries, confirms the cheapest
Aliko Dangote, President of the Dangote Group has shared the vision of its refinery to the Economic Community of West African States Commission (ECOWAS).
Jonathan Anderson becomes Dior's overall artistic director
Jonathan Anderson will become the first designer to head both the women's and men's lines at Dior, the French fashion house's parent company said on Monday. The Northern Irish designer was named as head of the women's line, LVMH said in a post on social media, following last week's departure of Italian peer Maria Grazia Chiuri.
Airlines less optimistic for 2025, facing 'headwinds': IATA
Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the global economy, with industry chiefs warning of the risk of increased tariffs impacting the sector. - 'Trade tensions' - While looking at profits, Walsh warned that "perspective is critical" to put industry-wide figures into context, saying that per passenger, it was still a narrow margin.
Homeless seek refuge at Madrid airport as rents soar
Victor Fernando Meza works during the day, but his salary is not enough to afford rent in the Spanish capital Madrid. Meza works occasional moving jobs and is hoping to save enough to rent an apartment with his brother.
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