Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
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Trump says Venezuela airspace should be considered 'closed in its entirety'
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Apply now: FG opens portal for entrepreneurs to get up to N50m grant
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FG moves to boost MSMEs with $500m World Bank loan, DBN to disburse to millions of Nigerians
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Air travel disrupted over Airbus A320 software switch
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Travel chaos fears ease after Airbus intervenes on software fix
Economy Latest News
Poll finds public turning to AI bots for news updates
People are increasingly turning to generative artificial intelligence chatbots like ChatGPT to follow day-to-day news, a respected media report published Tuesday found. The biggest-name chatbot -- OpenAI's ChatGPT -- is the most widely used, followed by Google's Gemini and Meta's Llama.
Why stablecoins are gaining popularity
Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens. Another possibility is that a loss of trust in the stablecoin may ripple beyond the crypto world, hitting the assets that back these tokens.
Taiwan tests sea drones as China keeps up military pressure
A Taiwanese-made sea drone capable of carrying bombs skimmed across waters off the island Tuesday in a display of uncrewed surface vehicles that could boost its military firepower against China. High manufacturing costs from using non-China components made it "difficult for Taiwanese products to compete with Chinese-made products in the commercial market," DSET analysts said.
Bank of Japan holds rates, says to slow bond purchase taper
The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world's number four economy.
Venezuela's El Dorado, where gold is currency of the poor
In the Venezuelan mining community of El Dorado, the majority of residents carry around gold instead of cards or cash to pay for groceries. El Dorado's residents have limited access to banking services.
Soft power: BTS fans rally behind Korean international adoptees
K-pop megaband BTS is back from military service, and their international fandom -- long known for its progressive activism -- is celebrating by rallying behind a cause: adoptees from South Korea. Almost all of BTS members have completed South Korea's mandatory military service, required of all men due to the country's military tensions with North Korea.
Oil prices jump after Trump's warning, stocks extend gains
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. But prices edged back up after Trump took to social media calling for the evacuation of the Iranian capital, which is home to nearly 10 million people.
Yen slides ahead of Bank of Japan policy decision
The yen fell against the dollar ahead of a Bank of Japan decision Tuesday, with officials expected to hold interest rates steady but tweak their bond purchase policy.
Ecuador pipeline burst stops flow of crude
Ecuador's state energy company said it stopped pumping oil through the country's main pipeline Monday due to a rupture in a section running through the Amazon. In a statement issued Monday night, the company said it doesn't immediately foresee shutting down oil wells.
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