The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
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Naira appreciates again as analysts predict return to N1,500 exchange rate benchmark
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Trump tariffs offer opportunity for China
In unleashing global tariffs, President Donald Trump has vowed to remake the world to benefit US workers. "Unlike previous presidents, President Trump fully understands the nature and scope of the problem -- and the existential threat posed by China -- and what needs to be done," Smith said.
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Petrol marketers raise alarm over naira-for-crude deal, demand probe
The naira-for-crude deal commenced on October 1, 2024, for an initial six-month period, and enabled local refineries like Dangote Refinery to buy crude with naira.
Trump's tariff Big Bang puts global economy under threat
It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war. But it said things could get worse if a tit-for-tat trade war began, and on Friday China announced retaliatory tariffs on US goods of 34 percent.
JP Morgan predicts new naira exchange rate against dollar in 2025
A US top investment banker, JP Morgan, has predicted that the Nigerian currency will exchange for N1,450 per dollar due to changes in NNPC and CBN's FX reserve.
TikTok faces new US deadline to ditch Chinese owner
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US Fed Chair warns tariffs will likely raise inflation, cool growth
US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.
After getting $1.13 billion, Nigeria seeks new $10.50m World Bank loan
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How can the EU respond to Trump tariffs?
The EU has said "everything is on the table" as it readies its response -- including possibly targeting US Big Tech and taxing more American goods -- to President Donald Trump's sweeping new tariffs should talks with Washington fail.
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