Eurozone inflation held steady at 2.1% in November, revised data showed on Wednesday, December 17, reinforcing expectations that the European Central Bank would keep rates unchanged this week. The initial estimate by the EU’s statistics agency had shown annual inflation in the single currency area ticking up to 2.2% – moving away from the bank’s...
Category: News
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South Korean Court Jails Contractors for Leaking Submarine Torpedo Designs to Taiwan.
A South Korean court found two contractors that worked on Taiwan’s submarine programme guilty of leaking designs for torpedo-launching systems, calling the case a potential “major diplomatic burden” for Seoul, according to a ruling reviewed. On Tuesday, the Masan Branch of the Changwon District Court sentenced the chief executive of one South Korean contractor to...
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Former Governor Of Anambra State Peter Obi On Declares “Reforming Nigeria’s Tax System Requires Trust And Transparency”
2023 presidential hopeful and former governor of Anambra State Peter Gregory Obi in a statement posted on X on Wednesday declared: “Reforming Nigeria’s Tax System Requires Trust and Transparency” According to Obi: “Recent reports concerning a tax cooperation Memorandum of Understanding (MoU) between Nigeria and France have generated understandable public concern. While international collaboration is...
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Indian Prime Minister Modi Departs Ethiopia, Describes Visitation Purpose As “Productive”
Narendra Modi: “As I conclude a truly memorable visit to Ethiopia, I carry with me the warmth of its people and the depth of our enduring friendship. This visit included productive discussions with Prime Minister Dr. Abiy Ahmed Ali and the honour of addressing the Ethiopian Parliament. “This visit has given fresh momentum to India-Ethiopia...
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Five Troops Killed as Suicide Attacker Targets Military Checkpoint in Borno.
A suicide bomber has reportedly killed five soldiers in the Pulka area of Gwoza Local Government Area of Borno State. The incident reportedly occurred in the early hours of Sunday, according to security sources and local media reports. Thesuicide bomber, suspected to be a member of the Boko Haram terrorist group, was thought to have come...
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South Africa Detains Seven Kenyans Processing US Refugee Claims on Tourist Visas.
South Africa authorities said to have arrested and would deport seven Kenyan nationals illegally working on processing refugee applications for the U.S. government. The Kenyans were working at the center alongside U.S. officials despite entering South Africa on tourist visas which did not allow them to work, the Home Affairs Ministry said in a statement....
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Daily FX rate for Wednesday, December 17, 2025
NGN → USD Rates NFEM (official) Rate Official Market: Parallel Market: Market Drivers: CBN intervention of $250 million to bolster dollar supply; Significant drop in inflation from 16.05% (Oct) to 14.45% (Nov); Declining overall FX market inflows from the previous week. OUTLOOK: Market sources said recent interventions helped prevent sharper depreciation despite global oil price swings...
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