The Central Bank of Nigeria has finally harmonised the official FX rate for Customs duty with the prevailing market rates amid the naira's recent gains.
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4 major benefits in Nigeria’s new tax law taking effect in 2026
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Naira gains strength as gap between official and black market rates narrows to just N2
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FG’s Lagos-Calabar highway project gets boost of $100 million from ECOWAS Bank
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Cooking Gas prices surge by 32.5% in one year, reach all-time high in 2025
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Nigeria makes history as firm unveils first-ever Nigerian container ship, maps Out new route
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75 sickened as McDonald's severe E. Coli outbreak expands
A severe outbreak of E. Coli linked to McDonald's Quarter Pounder burgers has expanded to 75 reported cases, mainly in the western United States, authorities said Friday. McDonald's restaurants in the 13 impacted states have temporarily pulled Quarter Pounders from their menus, though other items, including other beef burgers, remain available.
Waymo ramps up robotaxi push with $5.6 bn in funding
Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco. Waymo One ride-hailing services operate in San Francisco, Phoenix, and Los Angeles, with the company saying it plans to expand to the cities of Austin and Atlanta as part of a partnership with ride-share platform Uber.
Elon Musk all-in for Trump as Moscow denies secret Putin talks
Billionaire Elon Musk, the world's richest man and an avid supporter of Donald Trump, was plunged into new controversy on Friday after a report that he is in regular contact with Russian President Vladimir Putin. "It is extremely problematic that the world's richest man can throw his money around in an attempt to directly influence the outcome of this election," Noti said.
France must make 'credible' progress on deficit: finance minister
France must take "credible" steps to tackle its high deficit, its new finance minister said Thursday, shortly before a major credit ratings agency gives its verdict on the country's sovereign debt.
CBN gives clarification on NNPC’s right to buy dollar from FX market
According to Yemi Cardoso, governor of the CBN, NNPC Limited has the same freedom as any other customer to buy dollars from the foreign exchange market.
BHP, Vale agree to pay $30bn compensation for Brazil dam disaster
Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in compensation for a 2015 dam collapse that triggered the country's worst environmental disaster.
IMF raises concerns about effects of Sudan conflict on neighbors
The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF's deputy director for Africa, Catherine Pattillo, told AFP. "What is going on there for the people in Sudan is just so heart wrenching and devastating. "You could think of Sudan (and) also some of the security issues in the Sahelian countries, also affecting growth," Pattillo said.
UK's Labour govt prepares to unveil its first budget
Britain’s new Labour government unveils its maiden budget Wednesday, with Prime Minister Keir Starmer warning of "painful" decisions over taxes and public spending. "Alongside tough decisions on spending and welfare... taxes will need to rise," Reeves wrote in the Financial Times on Thursday.
No more N167k: Elon Musk’s Starlink slashes subscription fee again
For the time being, Elon Musk's satellite internet company Starlink has temporarily stopped hiking its monthly subscription rate for its Nigerian clients.
Economy
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