The Nigerian currency faced a renewed volatility, depreciating in the Nigerians Forein Exchange Market (NFEM) due to the shortage US dollars in the FX market.
Economy
Most viewed
Popular
-
Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
-
New tax law replaces reliefs with rent-based deductions, capped at N500k
-
Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
-
China's power paradox: record renewables, continued coal
-
Withering vines: California grape farmers abandon fields as local wine struggles
Economy Latest News
Tinubu's adviser dismisses poverty claims, explains why Nigerians are living a better life now
President Bola Tinubu’s economic special adviser Tope Fasua has shared reasons Nigerians live better today than in 1960, dismissing poverty reports.
AI in an 'industrial bubble' but will benefit society: Bezos
Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in Italy on Friday, but the benefits to society will be "immense".
'First of its kind' power surge behind Iberia blackout: experts
A power surge that caused a paralysing blackout across all of Spain and Portugal in April was an unprecedented event in Europe and possibly the world, but the root cause remains unknown, an expert panel said Friday. Cortinas added that "we think (it is unprecedented) in the world as well", but cautioned that the experts did not have information from every country.
US delays key jobs report due to government shutdown
The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy. If the shutdown persists through October 15, the next consumer inflation report could also be delayed.
UN-backed climate banking alliance ceases operations
The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its immediate shutdown -- at a time of faltering climate commitments in the United States and Europe.
Carrefour name disappears from Arab stores as Israel boycotters claim victory
The Carrefour name has disappeared from storefronts in some Arab countries, with pro-Palestinian shoppers and activists hailing the shift as a victory for their boycott of brands perceived as being linked to Israel. But pro-Palestinian shoppers have nonetheless claimed victory.
Munich airport resumes flights after drone sightings trigger closure
Germany's Munich airport said normal service resumed Friday after several drone sightings forced its closure overnight, the latest in a string of similar aviation disruptions across Europe. An airport spokesman said in a statement sent to AFP that "flight operations resumed as normal from 5:00 a.m. on Friday morning".
Tech fans Tokyo rally on broadly positive day for Asian markets
A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the weekend on a broadly positive note, with US rate-cut hopes out-muscling concerns about a government shutdown. The advance helped push Tokyo's Nikkei 1.9 percent higher, while there were also gains in Sydney, Singapore, Bangkok, Wellington, Taipei, Jakarta and Manila.
Spain's Benidorm embraces its Franco-era mass tourism model
Fifty years after General Francisco Franco's death, Benidorm still clings to the mass tourism model it pioneered under his dictatorship, even as protests against overtourism sweep other Spanish holiday hotspots. Criticised for decades for its high-rise skyline and dense crowds, in recent years it has been hailed as a model of sustainable tourism.
Economy
Load more