The Central Bank of Nigeria (CBN) has harmonised the Customs FX rate with the current foreign exchange rate following the strengthening of the naira.
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FG insists on ending solar panel imports, shares alternative plan
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Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
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Enugu Air begins domestic flights to Lagos, 3 others as NCAA approves partnership with XEJET
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First Bank, FCMB, 4 others seek N731 billion to meet CBN recapitalisation as deadline nears
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Delta offers upbeat outlook on travel demand, lifting shares
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US regulator finalizes air taxi rules
US regulators on Tuesday finalized regulations for "powered lift" vehicles, opening the door for commercial air taxis. "The rule is the final piece in the puzzle for safely introducing these aircraft in the near term," the regulator said, adding that "the opportunities for the use of powered lift operations are far-reaching."
Union sees 'tight' vote on contract to end Boeing strike
Union leaders expect a close vote when 3,000 Boeing hourly workers weigh a sweetened contract offer that could end an almost six-week strike, the union's chief said Tuesday. The vote will take place throughout Wednesday, with the outcome expected to be announced that night.
ECB chief Lagarde invites Trump to visit after central bank criticism
ECB President Christine Lagarde said Tuesday that Republican presidential candidate Donald Trump should pay a visit to the institution's Frankfurt headquarters following his recent criticism of central banks. Speaking Tuesday, Lagarde said the ECB was committed to securing the euro.
As Trump touts tariffs, Yellen says US has rejected 'isolationism'
US Treasury Secretary Janet Yellen appeared to take aim at former president Donald Trump's economic approach Tuesday, saying the current US administration has "rejected isolationism that made America and the world worse off." Trump's rival, Democratic Vice President Kamala Harris, is part of an administration that has instead favored targeted levies on China.
Traders quote new price for toothpaste, Nigerians switch to chewing stick
The rising cost of living continues to hit Nigerian households, and the latest example is the price of toothpaste, which is now 40% higher than last year’s price
Windfall tax backlash menaces Spain's green energy sector
Spain's left-wing government has infuriated banking and energy giants by wanting to maintain a windfall tax on them, threatening crucial investments for the European country's green energy transition.
Ex-Abercrombie CEO charged with sex crimes
The former chief executive of the Abercrombie and Fitch clothing empire has been arrested and charged with the trafficking of male models for sex parties around the world, US prosecutors said Tuesday.
US plans to contribute $20 bn for Ukraine loan: Yellen
The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday. - 'Strong new sanctions' The United States is also set to announce "strong new sanctions" as early as next week targeting Russia over its war in Ukraine, Yellen said.
Strong auto prices lift GM results as it eyes China revamp
General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to profitability in China and reiterated a flexible approach to EV investment. - China performance - GM reported a loss in equity income from China for the third straight quarter.
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