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Traders count losses as fire destroys Abuja market Goods and properties worth millions of naira were reduced to ashes in the market located in Karu suburb of the Federal Capital Territory. Traders, who lost their goods in the inferno, could be seen wailing uncontrollably over their losses. “Everything is burned. I couldn’t salvage anything. This is where we feed ourselves. …

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The naira gained its first in more than 10 days against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the Nigerian currency strengthened by N5 to trade at N1,505/$1 on the official market today. The currency was trading at N1,510/$1 on Thursday. The intra-day high and low recorded during the day were N1,540/$1 …

The United States has imposed sanctions on three United Arab Emirates (UAE) shipping companies involved in Iran’s petroleum and petrochemical trade. The State Department also identified 11 vessels transporting petroleum products or petrochemicals as blocked property. The companies targeted are Sea Route Ship Management FZE, Almanac Ship Management LLC, and Al Anchor Ship Management FZE. US Secretary of State Antony …

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