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Nigerian Naira Falls to Record Low on Official Market

Nigeria’s naira dropped to a record low against the dollar on the official market on Tuesday in thin trading, swinging widely to levels seen on the unofficial parallel market, where the currency trades freely. The naira fell as low as 1,248 to the dollar, during mid-day trading...

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Who are the Houthis and Why are They Attacking Ships in the Red Sea?

Yemen’s Iran-backed Houthi rebels are stepping up their strikes on ships in the Red Sea, which they say are revenge against Israel for its military campaign in Gaza. The attacks have forced some of the world’s biggest shipping and oil companies to suspend transit through one of the...

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