The Nigerian government has asked for the speedy implementation of the Presidential Food Coordinating Unit (PFSCU) to accelerate provision of N250bn loan to farmers
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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FG suspends 4% FOB Customs charge after backlash, import costs to Drop
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Naira gains massively as Nigeria’s external reserves hit $41.7 billion
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FG launches special 'TV' for Nigerian youths seeking opportunities
Economy Latest News
Take-Two earnings boost delayed along with 'GTA VI'
Take-Two Interactive on Thursday dialed back earnings expectations for the current fiscal year due to the delayed release of keenly anticipated video game "Grand Theft Auto VI". "The ambition and complexity of Grand Theft Auto VI is greater than any previous Rockstar title."
Nose cone glitch wipes Australian rocket launch
An Australian aerospace firm said Friday it has scrubbed a historic attempt to send a locally developed rocket into orbit, citing a glitch in the nose cone protecting its payload -- a jar of Vegemite. If successful, it would be the first Australian-made rocket to be sent into orbit from Australian soil.
US rests case in landmark Meta antitrust trial
The US government rested its case against Facebook-owner Meta on Thursday, as it tries to persuade a US judge that the tech giant bought Instagram and WhatsApp to neutralize them as rivals.
Coinbase expects data breach to cost it up to $400 mn
Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet. "Cyber criminals bribed and recruited a group of rogue overseas support agents to steal Coinbase customer data to facilitate social engineering attacks," the leading US cryptocurrency exchange said in a blog post.
Good news for Nigerians as inflation rate drops, new prices for beans, rice emerge
The National Bureau of Statistics has provided insight into price movement in the country revealing that headline and food inflation rate has dropped.
US set to lose $12.5 bn in foreign tourism in 2025: industry
The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry group said Thursday, as the Trump administration has led a crackdown in immigrants. The study by the World Travel and Tourism Council (WTTC) and Oxford Economics found that the United States was the only country set to see a drop in spending from foreign tourists this year.
US retail sales little changed, signs of pullback after pre-tariff rush
Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs. Already, major retailer Walmart warned Thursday of higher prices and continued uncertainty over tariffs.
US to impose Tax on diaspora remittances after CBN launched Non-Resident BVN platform for Nigerians
The United States House of Representatives is proposing a five per cent tax on remittances by US resident to foreign countries, a move which may affect Nigeria.
US Fed chair warns of potential for 'more persistent' supply shocks
Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.
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