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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Brazil judge orders X to reimpose block or face hefty fine
Brazil's Supreme Court on Thursday ordered Elon Musk's X to suspend access to the social network, after service was restored despite a ban, or face a daily fine of over $900,000.
Bank of England freezes rate after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
Emirates bookings begins, Nigerians react as airline charges in dollars
Emirates Airlines ticket sales are not going as smoothly as planned as the airline prepares to resume flight operations in Nigeria on October 1 after two years
Coming winter 'sternest test yet' for Ukraine energy grid
The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure. But this winter will be, by far, its sternest test yet," the agency's executive director Birol said in a news release accompanying the report.
Nigeria’s debt profile under Tinubu swells by $6.65 billion as FG is set to receive another loan
The Nigerian government is set to receive another %17 billion loan from the World Bank to boost social development and would be approved on September 26, 2024.
Late Harrods owner Al-Fayed accused of rape: BBC
Multiple women have accused Egyptian billionaire Mohamed Al-Fayed, the former owner of upmarket London department store Harrods where they worked, of rape and sexual assault, the BBC said on Thursday. Fayed had previously been accused of sexually assaulting and groping multiple women but a 2015 police investigation into a rape allegation did not lead to any charges.
Meta and Spotify blast EU decisions on AI
A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).
Hong Kong probe finds Cathay Airbus defect could cause 'extensive' damage
The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Cathay Pacific flights in early September could have escalated into "extensive damage", according to a Hong Kong probe released Thursday. Hong Kong-based Cathay Pacific briefly grounded its fleet of A350s for inspections and repairs after a Zurich-bound plane was forced to turn back to Hong Kong on September 2.
AI development cannot be left to market whim, UN experts warn
The development of artificial intelligence should not be guided by market forces alone, UN experts cautioned on Thursday, calling for the creation of tools for global cooperation. - To the backdrop of his clarion call, the experts called on UN members to put in place mechanisms to grease the wheels of global cooperation on the issue, as well as to prevent unintended proliferation.
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