The Central Bank of Nigeria (CBN) has intervened in the forex market with $50 million sales to authorised dealer banks and FX operators to ease demand on the naira.
The Central Bank of Nigeria (CBN) has intervened in the forex market with $50 million sales to authorised dealer banks and FX operators to ease demand on the naira.
Tony Elumelu's power generation company, Transcorp power has reported massive growth in its profits for 2024. The MD shared core factors that drove growth.
The US Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. "(North Korea) was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit," the FBI said in a public service announcement.
Asian markets fluctuated Thursday as investors tried to assess US President Donald Trump's latest tariffs salvo, while earnings from chip titan Nvidia failed to impress, despite another record performance.
Shares in the Japanese owner of 7-Eleven plunged as much as 12 percent on Thursday after the convenience store giant said its founding family failed to put together a white-knight buyout. - 'Grossly undervalued' - With around 85,000 outlets, 7-Eleven is the world's biggest convenience store brand.
Tom Blackburn was so proud of his Tesla, he even bought one in bright red to stand out. "I'm just a little embarrassed to be driving it at this point," retired attorney Blackburn told AFP of the Tesla he bought more than a decade ago.
Panama's attorney general said Wednesday that concession granted to a Hong Kong-based firm to operate ports on either end of the Panama Canal should be scrapped for being "unconstitutional."
The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would struggle to "disentangle" how those changes affect inflation from other factors impacting the American economy, a senior bank official said Wednesday.
US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, a major blow to the wobbly economy run by leftist adversary Nicolas Maduro. Former president Joe Biden in 2022 eased sanctions and gave Chevron permission to operate in Venezuela in return for a promise by Maduro to allow fair elections.
President Donald Trump said Wednesday that the European Union was born to "screw" the United States, laying bare his hostility to the longtime US partner as he detailed new tariffs. "Look, let's be honest, the European Union was formed in order to screw the United States," Trump told reporters as he gathered his cabinet for the first time.
Economy
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