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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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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China eases monetary policy to boost ailing economy
China on Wednesday eased key monetary policy tools in a bid to boost its ailing economy as it struggles with the effects of weak consumption and the trade war with the United States.
No rate cuts expected from US Fed facing 'unfavorable' conditions
The US Federal Reserve faces a tough choice Wednesday as it contends with President Donald Trump's tariff rollout: Prioritize tackling inflation by holding interest rates high, do nothing, or stimulate growth and employment by cutting them?
US, Chinese officials to hold trade talks in Switzerland
Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump's sweeping tariff rollout, according to statements from both countries. The talks mark the first official public engagement between the world's two largest economies to resolve a trade war escalated by Trump shortly after his return to office in January.
US jury awards WhatsApp $168 mn in NSO Group cyberespionage suit
A US jury on Tuesday handed WhatsApp a major victory in its cyberespionage suit against NSO Group, ordering the Israel-based firm to pay some $168 million in damages. A jury on Tuesday found that NSO should pay WhatsApp $444,719 in compensatory damages and another $167,254,000 in punitive damages intended to discourage repeating the behavior that landed it in court.
Trump says US should to stop 'subsidizing' Canada as trade talks continue
President Donald Trump on Tuesday said the United States should stop "subsidizing" Canada, as he hosted the country's recently reelected premier Mark Carney for talks in Washington. The United States' trade deficit with Canada was $63.3 billion last year, according to the US Trade Representative's office.
Speculators cash out as dollar soars amid naira crash in FX market
The naira has crashed to its lowest in May at N1,609 to the dollar as volatility returned to the Nigerian foreign exchange market and is firm in the black market.
Business Accelerator partners Sterling Bank to give $2 million SME funding to Nigerian Entrepreneurs
Cascador has partnered Sterling Bank to launch a $2 million fund to support mid-stage entrepreneurs in several sectors, including logistics, healthcare, and others.
FG to boost economic ties with commencement of direct flights between Nigeria and Brazil
Nigeria is set to establish direct air routes with South America and boost economic and diplomatic relations. A delegation from Nigeria is discussing the details.
No signs of US recession, Treasury Secretary says
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
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