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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US lawmakers warn Hong Kong becoming financial crime hub
US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.
Compressed natural gas vehicles gain slow momentum in Nigeria
Car mechanic Adebola Omotosho has to drive eight kilometres across Nigeria's bustling commercial hub Lagos to fill his tank with compressed natural gas. In September 2023, Tinubu established the Presidential Compressed Natural Gas Initiative (PCNGI) to drive CNG adoption and ease Nigeria into a cleaner energy era.
Plastic pollution talks: the key sticking points
Nations gathered in Busan, South Korea have a week to agree the world's first treaty to curb plastic pollution, a gargantuan challenge given the major divisions that remain. Here is a look at the key sticking points: Consensus or majority Divisions between nations are so deep that they have not yet agreed on how any decision will be adopted -- by consensus or majority vote.
Indonesia rejects Apple's $100 million investment offer
Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government. Despite the sales ban, the Indonesian government still allows iPhone 16 to be carried into Indonesia if they are not being traded commercially.
As AI gets real, slow and steady wins the race
In the wake of ChatGPT's dramatic arrival two years ago, companies are excited about generative AI's possibilities but heading into 2025 with careful deliberation rather than rushing to transform their operations. - 'Verify everything' - While AI excels at basic tasks like searching legal databases and generating simple summaries, more complex work requires careful human oversight.
China's Huawei to launch 'milestone' smartphone with homegrown OS
Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.
Most Asian markets drop, dollar gains as Trump fires tariff warning
Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.
Trump vows big tariffs on Mexico, Canada and China
US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China in response to illegal drug trade and immigration.
Trump to face less internal pushback in new term: ex-commerce chief
Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday. "That is not to say that the cabinet would just give a blank check to everything that he wanted to do," Ross told AFP in an interview.
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