The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
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Depot owners protest as Dangote slashes petrol price by N259
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Mixed fortunes as naira reverses two-week gain amid surge in reserves
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Microsoft profit rises but cloud business misses mark
Microsoft on Wednesday reported profits of $24.1 billion in the recently ended quarter, but shares slid on worries over its vital cloud computing business. Microsoft revenue grew to $69.6 billion and the amount of money taken in by its "intelligence cloud" unit climbed to $25.5 billion but the market had expected more.
US commerce secretary pick favors sweeping tariffs, hawkish China stance
Donald Trump's commerce secretary nominee said Wednesday that he favors "across-the-board" tariffs and a country-based approach rather than targeting products, signaling a hawkish China stance as he addressed US lawmakers on the president's punishing trade agenda.
German industry sounds alarm as government cuts growth forecast
The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms. The lack of clarity over the shape of the next government and the country's economic policy were discouraging investments and "delaying the recovery", he said.
CBN governor opens up on multiple illegal practices discovered during FX backlog verification
Central Bank Governor Olayemi Cardoso has said that the year-long fx verification uncovered high level of unethical practices, and warned Banks about consequences
CBN adjusts Customs exchange rates to clear goods as dollar crashes against naira
The Central Bank of Nigeria (CBN) has adjusted the Nigeria Customs exchange rates for cargo clearance at Nigeria's sea and airports as the naira gains.
CBN lists sanctions for Access, Zenith, UBA, others as it releases new FX Code
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has warned banks and other forex traders of severe sanctions if they violate the new FX Code
The 6 pillars of CBN’s new FX Code and how they will boost liquidity, transparency, naira stability
The Central Bank of Nigeria (CBN) introduced the newly launched FX Code to boost liquidity, and transparency and stabilise the local currency, the naira.
Upstart DeepSeek faces heightened scrutiny as AI wows
With around six million dollars and a stockpile of chips acquired before Washington banned their export to China, startup DeepSeek has produced what Chinese tech titans couldn't -- a world-class AI chatbot.
Tesla to report results for 1st time since Trump elected president
Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.
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