The Central Bank of Nigeria (CBN) has harmonised the Customs FX rate with the current foreign exchange rate following the strengthening of the naira.
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FG insists on ending solar panel imports, shares alternative plan
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Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
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Enugu Air begins domestic flights to Lagos, 3 others as NCAA approves partnership with XEJET
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First Bank, FCMB, 4 others seek N731 billion to meet CBN recapitalisation as deadline nears
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Delta offers upbeat outlook on travel demand, lifting shares
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Rice prices double in Japan as inflation accelerates
Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. In May, Japan's core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent -- its highest level since January 2023 -- interior ministry data showed.
TCN releases new update as blackout spreads to more locations
The Transmission Company of Nigeria has provided an official update on the ongoing repairs, noting that the blackout may spread to some more locations.
French state leads capital increase for satellite operator Eutelsat
The French state will become the biggest investor in European satellite operator and Starlink competitor Eutelsat, leading a capital increase alongside private shareholders, the company said Thursday. Major shareholders stumping up alongside Paris were shipping giant CMA CGM, Indian telecoms operator Bharti Airtel and the FSP investment fund, owned by seven French insurance companies.
France softens restrictions for Telegram founder Durov: judicial source
Telegram founder Pavel Durov's judicial control has been relaxed, with the Russian-born entrepreneur now allowed to live in Dubai for a maximum of two weeks at a time, a judicial source said on Thursday.
Trump extends deadline for TikTok sale by 90 days
President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," Trump posted on his Truth Social platform, putting off the ban for the third time.
How Trumponomics has shaken global markets
US President Donald Trump has taken just a few months since his election to upend global financial markets with his economic policies. Trump's tariffs are the main culprit but the global reserve currency is also suffering from concerns about the size of the US debt -- exacerbated by a budget proposal from the president that many analysts say will be hugely expensive.
China to remove tariffs on Nigerian goods, other African countries
The Chinese government has announced plans to remove tariffs on goods from Nigeria and 52 other African nations, and Nigeria can benefit from improved manufacturing.
“It is not worth it anymore”, Motorists stranded as scarcity of fuel spreads, passengers lament
The queues for compressed natural gas is spreading to more cities, with Nigerians spending hours, or even days, to get the product for business and personal needs.
Swiss central bank cuts interest rates to zero percent
The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated. "The global economic outlook for the coming quarters has deteriorated due to the increase in trade tensions," the central bank said, adding that the outlook for Switzerland remained uncertain.
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