The Nigerian currency has continued its winning streak against the US dollar, rising to an eight-month high in the official window at N1,485 per dollar.
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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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Asian markets rally as Chinese stocks selloff eases
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US tech titans pay hommage to Trump at White House dinner
Tech world executives showered Donald Trump with praise Thursday during a rare dinner that saw the US president host some of the most important players in AI at the White House. Notably absent from the dinner was multi-billionaire tech tycoon Elon Musk, a former Trump ally who had a spectacular falling out with the president.
Trump signs order to lower US tariffs on Japan autos to 15%
US President Donald Trump signed an order Thursday to lower tariffs on Japanese autos, as Washington moves to implement its trade pact negotiated with Tokyo. The outcome marks a win for Japan, after Tokyo's tariff envoy headed to Washington on Thursday to press Trump to sign the document for the changes -- weeks after both sides announced their agreement.
Dealers increase kerosene prices by 24.09%, residents of 10 states pay more
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France detains seven over new cryptocurrency kidnapping
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Trump's pick for US Fed governor vows to uphold independence
Donald Trump's pick to join the Federal Reserve's board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. The seven members of the Fed's powerful board of governors sit on the central bank's Federal Open Market Committee, which votes on interest rate decisions. bys/ksb
Big win for naira: Strong reserves, CBN's moves push dollar to lowest in months
The naira is on a strong footing against the US dollar following foreign portfolio investors' renewed confidence in the economy and the CBN's interventions.
US trade gap widens more than expected on goods imports surge
The US trade deficit expanded more than expected in July, government data showed Thursday, on a surge in imports analysts expect was driven by a rush to beat another wave of President Donald Trump's tariffs. Analysts at Pantheon Macroeconomics believe the growing trade gap is connected with "another wave of pre-tariff stockpiling," they said in a recent report.
US private sector hiring cools more than expected: ADP
Hiring in the US private sector slowed more than anticipated in August, according to payroll firm ADP on Thursday, as all eyes turn to the jobs market to gauge the economy's health. The most recent hiring figures showed that the key labor market was weaker than expected, sparking worries about the health of the economy.
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