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.
Economy
Most viewed
Popular
-
Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
-
Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
-
Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
Zimbabwe's farmers push on as land grab compensation flounders
In a field of paprika plants in the heart of Zimbabwe, fourth-generation farmer Daniel Burger and relative newcomer Miriam Mupambawashe discuss the quality of the crop. Nonetheless, "For a long time we became wound up in compensation," said Burger, vice-president of the Commercial Farmers Union of Zimbabwe (CFU) that represents mostly white farmers.
Asian equities boosted by US court's tariff ruling, Nvidia results
Asian stocks rallied with US futures Thursday after a US court blocked Donald Trump's sweeping global tariff blitz, dealing a hefty blow to the president's signature trade policy and providing some much-needed relief.
US cancels $590 million contract with Moderna for bird flu shot
US President Donald Trump's administration on Wednesday canceled a $590 million contract with Moderna to develop an avian flu vaccine, the US biotech company said. The statement added Moderna would "explore alternatives" for funding the development and manufacturing of the vaccine.
Africa elects its next 'super banker'
The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call. In 2015 it took six rounds of voting to elect Adesina as president of the AfDB, which was founded in 1964 and now has 81 members, including 54 African nations.
AI personal shoppers hunt down bargain buys
Internet giants are diving deeper into e-commerce with digital aides that know shoppers' likes, let them virtually try clothes on, hunt for deals and even place orders. Shoppers can then set the price they would pay and leave the AI to relentlessly browse the internet for a deal -- alerting the shopper when it finds one, and asking if it should buy using Google's payment platform.
Meta AI bot used a billion times monthly: Mark Zuckerberg
Meta chief Mark Zuckerberg touted the tech firm's generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders it is used by a billion people each month across its platforms.
US trade court blocks tariffs in major setback for Trump
A US federal court on Wednesday blocked most of Donald Trump's sweeping import tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies.
Nvidia earnings beat expectations despite US export controls
Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.
US firms plan to pass Trump tariff costs to consumers: Fed minutes
US firms have warned the Federal Reserve that the cost of President Donald Trump's tariffs will likely be borne by consumers, according to minutes of the bank's most recent rate decision.
Economy
Load more