President Bola Tinubu's administration has been notified of another nationwide protest in Nigeria. The date and reason for the development has been revealed.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner. But central bank officials have not rushed to slash interest rates, saying they can afford to wait and learn more about the impact of Trump's recent duties.
The NNPC leadership has raised the alarm of a syndicate actively spreading lies and misinformation to discredit its leadership and derail ongoing efforts.
The UK government backed down Friday on controversial plans to slash disability and sickness benefits after a major rebellion by MPs, dealing a blow to Prime Minister Keir Starmer's authority. The prime minister has a massive majority of 165 MPs, meaning he should be able to force whatever legislation he wants through parliament.
The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed Friday, with policymakers monitoring the effects of President Donald Trump's tariffs in the coming months. But central bank officials have said they expect to learn more about the impact of tariffs over the summer, meaning they will be scrutinizing data in the coming months.
The oil marketers said that they could negotiate as low N550 per litre along with other favourable terms, based on their numbers and volume to be purchased.
The Nigerian currency has gained in the parallel segment of the foreign exchange market on Thursday, June 26, 2025, rising from N1,610 to N1,575 per dollar
As the purchasing power of the naira continues to drop, PenCom has recommended investment strategies for PFAs to optimise returns, ensuring long-term sustainability
Online hotel booking giant Booking.com on Friday said it had taken down thousands of advertisements in Spain in the leftist government's latest crackdown on illegal short-term tourist rentals. Spain has also ordered online tourist accommodation giant Airbnb to take down more than 65,000 adverts for violating licence rules and has been in a legal battle with the US-based company.
A 2025 World Bank report has revealed that Nigeria has the highest number of people without electricity, with 86.8 million individuals affected...
Economy
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