Naira appreciated by 1.42% against the dollar in April, closing at N1,361.51/$ as CBN's N9.71 trillion OMO bills stabilise the currency and boost investor confidence
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Full list of 10 African countries with lowest IMF debt in 2026
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FG releases amount used to repay Chinese, other debts as World Bank cancels loan request
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Tinubu reels out achievements says Nigeria’s economy now more competitive than 2023
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Naira strengthens across official, black markets as FX reserves rise and dollar weakens
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World Bank explains cancellation of $718 million loan request by Nigeria
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EU readies retaliatory list targeting US services
The EU executive is preparing a list of proposed restrictions on US services companies -- including tech giants -- should Brussels fail to strike a trade deal with Washington, European diplomats said on Thursday.
UBA seeks approval for N157 billion rights issue as CBN recapitalisation deadline looms
UBA is inviting shareholders to take up more shares, as it issues 3.15 billion new shares to raise the money needed to meet CBN capital requirements.
Oyedele explains how Lagos can double revenues by taxing skit makers, content creators, others
Oyedele pointed out that the government was missing out a lot of tax revenue from digital entrepreneurs like content creators, skit makers and others.
FG sets 8,500MW power supply target for December 2026 after surpassing 6,000MW
The federal government has directed the Nigerian Electricity Supply Industry (NESI) to improve distribution by at least 50% in the next 18 months.
Otedola retains largest shareholder title at First Bank as Otudeko exits, dumps 10.43 billion shares
After buying additional 4.7 billion shares 2 years ago, Otudeko has sold all 10.4 billion shares in First Bank HoldCo, making way for another majority shareholder.
Naira trades at new rate as dollar demand rises in FX market
The Nigerian currency, the naira, depreciated to N1,530 per dollar on Wednesday, July 16, 2025, from N1,518 the previous day, as dollar demand rose in the FX market.
South Africa warns global turmoil threaten development goals
G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.
Novartis first half net profits up 29 percent
Swiss pharmaceuticals giant Novartis posted Thursday a 29 percent increase in first-half net income, at $7.6 billion -- and unveiled its new chief financial officer. The Basel-based firm's net sales increased 12 percent to nearly $27.3 billion between January and June, it said in a statement.
Swatch profits plunge on weak China sales
Swatch Group said Thursday that weak sales in China wiped out growth elsewhere in the first half of the year for the world's top watch company, leaving it barely profitable. Besides its eponymous Swatch watches, the company owns high-end brands such as Omega, Longines and Tissot, and like other luxury firms the demand of Chinese consumers for Western goods has made it a top market.
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