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.
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FG invites Nigerians to apply for N50k for their business, releases link
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Luxury houses eye India, but barriers remain
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Naira recovers after days of depreciation as external reserves increase despite shocks
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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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FG to disburse $2.5bn YEIDEP fund: New date announced, youths warned against scammers
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Boeing reports smaller loss, sees more 'stability' in operations
Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations. Boeing delivered the most planes in a second quarter, or in the first half of a year, since 2018, reflecting efforts to improve its quality control operations following a number of safety problems.
IMF lifts 2025 growth forecast on 'fragile' easing in trade tensions
The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump's sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats. For now, a "modest decline in trade tensions, however fragile, has contributed to the resilience of the global economy," Gourinchas told reporters Tuesday.
Fossil-fuel pledge in EU-Trump deal sparks climate fears
The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight -- should the mammoth pledges come true. The Trump trade deal comes as the EU debates its 2040 emissions-reduction target, a key step towards its net zero goal.
Novo Nordisk cuts earning forecasts again, names new CEO
Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, on Tuesday lowered its full-year earnings forecasts again as it unveiled a new chief executive to tackle "recent market challenges".
Naira trades steady as dealers buy dollar at new rate, FX reserves rise to $38.765 billion
The Nigerian currency, the naira's traded flat in the official foreign exchange market on Monday, July 28, 2025, amid interventions by the Central Bank of Nigeria.
LA wildfires push insurance losses to highest since 2011: Munich Re
The Los Angeles wildfires drove insured natural disaster losses in the first half of the year to their highest level since Japan's Fukushima disaster in 2011, German reinsurance giant Munich Re said Tuesday. Insurers took almost $80 billion (69 billion euros) of losses from natural disasters worldwide, Munich Re said, the second-highest hit since 1980.
Spotify sees 12% rise in paid subscribers
Spotify saw paying subscribers rise 12 percent to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations. The below-expectation profit announcement comes as the streamer has found itself at the centre of the debate over music generated by artificial intelligence.
European pharma industry still worried about tariffs
The European pharmaceutical industry said Tuesday that it remained concerned a EU-US trade deal reached at the weekend does not provide certainty for critical sector. The EFPIA trade association for the European pharmaceutical industry said it was monitoring announcements on the details of the deal "as key implications for the pharmaceutical sector remain uncertain".
FG shares 6 steps to apply for free skill training, sets deadline for online registration
The federal government, through the National Directorate of Employment (NDE), has announced the second phase of the Renewed Hope Employment Initiative (RHEI)
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