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 to impose Tax on diaspora remittances after CBN launched Non-Resident BVN platform for Nigerians
The United States House of Representatives is proposing a five per cent tax on remittances by US resident to foreign countries, a move which may affect Nigeria.
US Fed chair warns of potential for 'more persistent' supply shocks
Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.
Ahead of the 300th MPC meeting, reps caution CBN about the effects of high interest rates
The committee chairman urged the Central Bank of Nigeria to avoid further interest rate hikes, citing the adverse effects on SMEs, agriculture, and employment.
Walmart warns of higher prices due to tariffs
Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs. Besides China, Walmart imports heavily to the United States from Mexico, Vietnam, India and Canada.
Rome businesses count their blessings with US pope
The election of the first US pope is a godsend to businesses in Rome, as big-spending pilgrims flocking to the Vatican are also expected to spend in the Eternal City.
'Paradigm shift': Germany says to meet Trump's NATO spending target
Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.
Struggling steel giant Thyssenkrupp's shares slump after profit hit
Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. Once a symbol of German industrial might, Thyssenkrupp has suffered as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.
EU accuses TikTok of violating digital rules over ads
The EU accused TikTok on Thursday of breaking digital rules after concluding that the Chinese-owned social media platform was not transparent enough about advertisements. Under the DSA, the world's largest digital companies must establish an advertisement library that shows information about the adverts that run on their platforms.
China's Alibaba posts annual revenue increase despite spending slump
Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties that include sluggish spending and threatened trade.
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