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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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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Ship pulled free after running aground near Norway home
Salvagers on Tuesday pulled a cargo ship, which made world headlines for running aground a stone's throw from a house in Norway, back into the water, the head of the company managing the operation said.
EU approves 150-billion-euro loan scheme to rearm
EU countries on Tuesday formally approved a new 150-billion-euro loan programme to help rearm in the face of Russia and worries over US reliability, according to the Polish presidency of the bloc. The borrowing programme is part of a package of measures including loosening budget rules that Brussels says could potentially unlock 800 billion euros of defence spending.
FIRS continues onboarding large tax payers, gives date to begin e-Invoicing
The Federal Inland Revenue Service (FIRS) has continued its stakeholder engagement on e-invoicing and has commenced onboarding large taxpayers nationwide.
Macron gives Vietnamese students a lesson in 'impulsive' superpowers
Between jabs at Donald Trump's US trade tariffs and criticism of Beijing's assertiveness in the South China Sea, French President Emmanuel Macron warned Vietnamese students Tuesday that "on the impulse of a superpower, everything can change". Communist-run Vietnam has also been threatened with a hefty 46 percent tariff by US President Donald Trump as part of his global trade blitz.
Tesla EU sales slump 52% in April: trade group
Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday. The European Automobile Manufacturers' Association (ACEA) said Tesla sales in April fell to 5,475 cars, down 52.6 percent from the same month last year.
Stocks fluctuate as traders await next moves in Trump trade war
Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.
Developing nations face 'tidal wave' of China debt: report
The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion.
Fire halts production at Ecuador's biggest oil refinery
A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility. - Fuel supply 'guaranteed' - Petroecuador, which operates the facility, did not specify the amount of fuel that was in the tank when the fire broke out.
EU 'fully committed' to reaching US trade deal: commissioner
The European Union remains "fully committed" to reaching a trade agreement with the United States, the bloc's trade commissioner Maros Sefcovic said Monday following calls with top US officials. Trump has called for eliminating the EU's surplus in goods trade with the United States.
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