The Nigerian senate, led by Godswill Akpabio, has called on President Bola Tinubu to sack the registrar-general of the CAC amid unfolding developments.
The Nigerian naira experiences a slight decline after impressive gains, prompting CBN's dollar purchases to stabilise the currency amidst cautious market optimism.
Nigeria's households are facing a rising cost of living, leaving them with difficult decisions following the rise in petrol prices and transportation costs.
The current trend is a source of worry to stakeholders. The widening gap between the official and parallel market rate signify a return to old times.
By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of plastic waste entering the world's oceans and waterways each year, according to a stark new analysis published Wednesday by the nonprofit Oceana. The result: the company's plastic use is projected to exceed 4.13 million metric tons (9.12 billion pounds) annually by 2030.
Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on Wednesday to address the country's ailing public finances. An advocate of iron discipline over public finances, Reeves is set to detail cuts to welfare payments and government departmental budgets in Wednesday's highly-anticipated update.
The United States added dozens of entities to a trade blacklist Tuesday, its Commerce Department said, in part to disrupt Beijing's artificial intelligence and advanced computing capabilities. Two entities in Iran and China were also added to the list for seeking to procure US items for Iran's defense industry and drone programs, the Commerce Department said.
Brazil's President Luiz Inacio Lula da Silva called Wednesday for a trade deal between South America's Mercosur bloc and Japan to counter growing US protectionism. The Keidanren business federation "urgently" called in November for "expedited efforts" towards a Japan-Mercosur Economic Partnership Agreement (EPA), an accord similar to a free trade deal.
Dangote Refinery continues to improve Nigeria's balance of trade, and has now exported six vessels of jet fuel to the US. This USD sales is a welcome move.
The Presidential Enabling Business Environment Council (PEBEC) has said it is addressing issues of new charges and dues imposed on companies by FRCN.
European Central Bank president Christine Lagarde's recent remarks on a "digital euro" prompted a fresh wave of misinformation online, highlighting an uphill battle ahead to convince the public of the project's merits. - 'Strategic autonomy' - The ECB and dozens of other central banks worldwide are exploring or putting in place central bank digital currencies (CBDCs) as cash use declines.
Economy
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