CBN has eased its cashless PTA and BTA rule, allowing 25% cash access for travellers. Discover key reforms in the new FX Manual aimed at boosting investor confidence
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Dollar rallies to four-week high as Middle East crisis Deepens, naira weakens across markets
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Earn while you learn: FG opens TVET scheme for young Nigerians, offers ₦22,500 monthly stipend
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OpenAI releases Sora AI video generator to public
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Top 10 most affordable states to live in Nigeria in 2026 as food prices rise
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The big scam: How traders repackage local rice as imported brands for higher profits
Economy Latest News
Good news for Nigerians as inflation rate drops, new prices for beans, rice emerge
The National Bureau of Statistics has provided insight into price movement in the country revealing that headline and food inflation rate has dropped.
US set to lose $12.5 bn in foreign tourism in 2025: industry
The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry group said Thursday, as the Trump administration has led a crackdown in immigrants. The study by the World Travel and Tourism Council (WTTC) and Oxford Economics found that the United States was the only country set to see a drop in spending from foreign tourists this year.
US retail sales little changed, signs of pullback after pre-tariff rush
Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs. Already, major retailer Walmart warned Thursday of higher prices and continued uncertainty over tariffs.
US to impose Tax on diaspora remittances after CBN launched Non-Resident BVN platform for Nigerians
The United States House of Representatives is proposing a five per cent tax on remittances by US resident to foreign countries, a move which may affect Nigeria.
US Fed chair warns of potential for 'more persistent' supply shocks
Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.
Ahead of the 300th MPC meeting, reps caution CBN about the effects of high interest rates
The committee chairman urged the Central Bank of Nigeria to avoid further interest rate hikes, citing the adverse effects on SMEs, agriculture, and employment.
Walmart warns of higher prices due to tariffs
Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs. Besides China, Walmart imports heavily to the United States from Mexico, Vietnam, India and Canada.
Rome businesses count their blessings with US pope
The election of the first US pope is a godsend to businesses in Rome, as big-spending pilgrims flocking to the Vatican are also expected to spend in the Eternal City.
'Paradigm shift': Germany says to meet Trump's NATO spending target
Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.
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