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.
Economy
Most viewed
Popular
-
FG invites Nigerians to apply for N50k for their business, releases link
-
Naira recovers after days of depreciation as external reserves increase despite shocks
-
Luxury houses eye India, but barriers remain
-
Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
-
FG to disburse $2.5bn YEIDEP fund: New date announced, youths warned against scammers
Economy Latest News
Dutch lead charge on electric inland vessels
At a windswept container park near the sprawling port of Rotterdam, a crane slots a 30-tonne white battery into a transporter vessel, enough to provide eight hours of zero-emissions freight. ITG has 17 terminals connecting key locations in the Netherlands and Belgium with the sea ports of Antwerp and Rotterdam, handling one million containers per year.
Swiss central bank keeps zero-rate as tariffs take their toll
Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy. "The tariffs are likely to dampen exports and investment especially.
Nickel mining threatens Indonesia coral haven, NGOs warn
Nickel mining threatens one of the world's most important marine biodiversity and coral hotspots in Indonesia, despite the government revoking several permits, a report warned Thursday. In June, Indonesia's government revoked permits for four of the five nickel mining companies operating in the cluster of islands and shoals in Southwest Papua Province.
Apple asks EU to scrap landmark digital competition law
Apple asked the European Union to scrap its landmark digital competition law on Thursday, arguing that it poses security risks and creates a "worse experience" for consumers. Independently from the digital rules, Apple has faced the heat under different EU competition rules.
Asian markets slide as traders prepare for key US data
Stocks moved narrowly Thursday as traders continue to pull back from the buying that has propelled markets to record highs in recent months, with upcoming US inflation and jobs data seen as likely to be the next catalysts for action. While there appears to be some unease in recent days over the latest market rally, economists at Bank of America were upbeat.
'Shut your mouth': Low-paid women still waiting for their #MeToo
"You need the work," one woman said, "so you shut your mouth." "We have no choice but to keep working."
Macron tells Iran president only hours remain to avert nuclear sanctions
French President Emmanuel Macron warned Iran's president there were only "hours left" for a deal on Tehran's nuclear program to avert deep sanctions, even after Masoud Pezeshkian insisted his country does not seek an atomic bomb. Only a few hours are left.
France doubles down on threat to build future fighter jet alone
France is in a position to develop a next-generation combat aircraft alone should negotiations with Germany and Spain fail, a government official said Wednesday. "Should we indeed not succeed in finding agreement on the programme's reorganisation, France will be able to build a fighter aircraft on its own," said the official, who asked not to be identified.
US Treasury says in talks to support Argentina's central bank
US Treasury Secretary Scott Bessent said Wednesday that Washington is in talks with Argentina for a swap line allowing the country access to billions of dollars, as its right-wing leader Javier Milei seeks to calm markets ahead of midterm elections.
Economy
Load more