Naira depreciated to N1,353 per dollar as foreign exchange demand rises; Nigeria's reserves dip to $49.83bn amid soaring global oil prices and Middle East tensions.
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Access, UBA, Zenith, other banks raise interest rates on savings accounts
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Global beverage maker, Ovaltine, to open Africa’s first manufacturing plant in Lagos
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CBN releases new BVN rules for Access, UBA, Zenith, others, sets commencement date
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Rice price hike looms as Tinubu administration faces tough choice on imports and rising costs
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Eid al-Fitr: Rice hits N61,000 as food prices surge across Nigeria
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NELFUND warns Nigerian institutions against fraud, extortion under student loan scheme
The applications are sent to the institution for verification, and when completed, the government disburses the funds straight to the universities, not the students.
Trump's trade whiplash sends dollar into tailspin
The mighty dollar is sliding sharply as President Donald Trump's turbulent trade agenda has battered US credibility in global markets and fanned fears of a self-inflicted economic downturn. "The market is re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization," Saravelos said in a note to clients.
Hope sparkles anew for India's jewellers after US tariff pause
India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to hit lucrative exports and tens of thousands of jobs. While Trump's pause has brought relief, India's exporters are keenly aware they could be in the same position in July.
FG moves to clamp down on clothing imports, targets $4 billion from textile manufacturing
The local cotton, textile and garment sector is about to get a major funding boost as the federal government is partnering with Bank of Industry to make it happen.
AGOA: US-Africa trade accord hangs in the balance
The African Growth and Opportunity Act (AGOA), whose future is in doubt since Donald Trump returned to the White House, provides duty-free access to the United States for certain African products.
“Use it or lose it”, NCC issues fresh guidelines to MTN, Airtel, others on unused subscriber airtime
As the customers line gets deactivated or churned after one year of no activity, NCC is extending further room for subscribers to claim unused airtime.
Naira gains against dollar as CBN reports highest remittance inflows in 5 years
The naira rebounded against the US dollar in the official foreign exchange market on Thursday, April 10, 2025, closing at N1,634.500 from N1,644 per dollar.
UK's unexpected economic rebound boosts govt amid Trump tariffs
Britain's economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs. But Friday's figures exceeded economists' expectations of a much smaller 0.1 percent increase in GDP in February.
Apple’s iPhone 16 hits Indonesia stores after monthslong ban
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a monthslong ban in Indonesia. Indonesia has also banned the sale of Google Pixel phones for failing to meet the 40 percent local parts requirement. mrc/ebe/tc
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