Economy
FG takes action to boost naira, targets Nigerians abroad with dollar-denominated bond
The Nigerian government has disclosed plans to issue the country's first dollar-denominated bonds via the capital markets, the banks and other avenues.
Opay sends important update after Nigerian banks dismissed 93 employees for N10bn fraud
Opay speaks on financial security updates designed to protect its users on its in a world where people are becoming more and more dependent on digital solutions.
UK to reveal £20 bn hole in public finances: reports
Britain's new Labour government will announce next week that the country's public finances have an additional hole of around £20 billion ($26 billion), risking tax rises in an upcoming budget, media reported on Friday.
US Fed's favored inflation measure cools further in June
The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision. Stripping out volatile food and energy prices, the closely watched core measure of inflation eased to an annual rate of 2.6 percent in June -- also in line with expectations. da/dw
'Sabotage' on French rail network before Olympics: What we know
Arson attacks scrambled France's high-speed rail network for tens of thousands of passengers on Friday, after what officials called premeditated acts of "sabotage" just hours before the Paris Olympics opened.
Electric car woes force German supplier ZF to axe jobs
German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign competition. The switch to electric vehicles was eating away at demand for "transmissions for conventional and hybrid vehicles", an area where German suppliers have traditionally excelled, it said.
Importers to pay more as CBN hikes Customs exchange rates, naira Falls to new low
The Central Bank of Nigeria (CBN), has adjusted the Customs Exchange rates for cargo clearance at Nigeria's port following the depreciation of the naira at NAFEM.
Greece's 'Instagram island' Santorini nears saturation point
One of the most enduring images of Greece's summer travel brand is the world-famous sunset on Santorini Island, framed by sea-blue church domes on a jagged cliff high above a volcanic caldera. In the south of the island, the volcanic sand beaches are less crowded, even though it is high season in July.
Expert speaks on CBN’s decision to raise interest rate by 50 basis points, asks important questions
The Central Bank of Nigeria decided to increase the rate and Uche Uwaleke, a financial expert, is raising important questions about some key decisions.
Economy
Load more