Five US air force refueling planes were reportedly hit by Iranian strikes while on ground at a Saudi Arabia air base amid the ongoing Middle East conflict.
The CBN restricts phone number changes for BVNs to combat fraud, enhancing security with a new watchlist for suspicious activities in Nigeria's digital payments.
China said Monday that exports soared 12.4 percent year-on-year last month, beating expectations as Beijing navigated mounting trade headwinds sparked by US President Donald Trump. "The strong export data reflect frontloading of trade before the US tariffs were announced," Zhiwei Zhang, President and Chief Economist at Pinpoint Asset Management said in a note.
US President Donald Trump's on-and-off tariffs have clouded the picture for European Central Bank policymakers meeting this week to decide whether to lower eurozone interest rates again. But Trump's move to impose sweeping tariffs on the European Union and the rest of the world increased the chances of another reduction in interest rates, according to observers.
Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived.
Chinese leader Xi Jinping warned Monday that protectionism "leads nowhere" and that a trade war would have "no winners", state media said, as he was due to kick off a tour of Southeast Asia with a visit to Vietnam. He also reiterated Beijing's line that a "trade war and tariff war will produce no winner, and protectionism will lead nowhere", the agency added.
US President Donald Trump warned Sunday that no country would be getting "off the hook" on tariffs despite a 90-day reprieve on some levies, while also downplaying exemptions for Chinese technology.
Donald Trump's trade advisor Peter Navarro on Sunday insisted that "everything's fine with Elon" Musk, after the Tesla chief called him a "moron." Everything's fine with Elon," Navarro told broadcaster NBC on Sunday.
The Central Bank of Nigeria (CBN) has not yet adjusted the Customs FX rate for cargo clearance for the second day, despite the naira's appreciation.
China on Sunday called on the United States to "completely cancel" its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment. Beijing's commerce ministry on Sunday called the exemptions a "small step" by Washington and said that China was "evaluating the impact" of the decision.
Nigeria continues to borrow to meet its budgetary demands, and now, public debt is at its highest level, with loans from external sources contributing 43 percent.
Economy
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