The Centre for the Promotion of Private Enterprise has warned that President Tinubu’s recent pardon of convicted offenders could undermine investor confidence.
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Europe 'well positioned' for future shocks: ECB's Lagarde
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Access, Zenith, UBA, other banks, dealers sell dollar at new rate as USD shortage emerges
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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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Australian telco giant slapped with $66 million fine over 'appalling' conduct
Embattled Australian telco giant Optus was hit with a $66 million fine on Wednesday over "appalling" sales conduct as the firm grapples with fallout from a network outage linked to several deaths. The outage prevented calls to emergency services, with four deaths now linked to the outage.
Race for rare minerals brings boom to Tajikistan's mines
In a labyrinth of tunnels running beneath 4,000-metre peaks, Tajik miners are scrabbling to secure antimony, one of the metals at the centre of a worldwide race for rare minerals. The miners drill sample holes 50 metres (165 feet) long to check for minerals and can dig a 54-metre tunnel for extraction in half a day, said underground site manager Kholmakhmad Khakimzoda.
Iran's carpet industry unravelling under sanctions
Once a symbol of cultural prestige, Iran's handmade rugs are no longer selling as fast as they once did, as sanctions weigh on an already troubled economy and buyers' tastes change. Nabizadeh moreover says that even the tourists who come "might not be interested in our work as consumer tastes have changed" and "the price tags are quite high".
Asia markets waver after Wall St retreats from record
Equities wavered Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest rates. Investors have enjoyed a months-long rally that has pushed some markets to record highs but the run-up took a pause Tuesday amid talk that the gains may have gone too far.
In just one year, Google turns AI setbacks into dominance
Caught off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a dramatic turnaround in just one year, becoming a major player in consumer-facing AI. "The market had written off Alphabet in the AI race," Matt Britzman, analyst at Hargreaves Lansdown, said of Google's parent company.
New York's finance sector faces risks from Trump visa crackdown
On a bright September morning, employees stream through the turnstiles and vast lobby of Goldman Sachs’ headquarters in the sunlit Battery Park City neighborhood of Manhattan. - Concentration in New York In the first two quarters of 2025, Goldman Sachs was the biggest recipient of H-1B visas in New York City.
'We're gonna help': Trump to the rescue of struggling Argentina
US President Donald Trump promised financial "help" for struggling Argentina in a meeting with close ally Javier Milei, who is seeking a US loan to calm markets ahead of crucial mid-terms elections. Budget-slashing libertarian Milei has sought to halt on the peso following a provincial election trouncing for his party that was seen as a litmus test for next month's national mid-terms.
Powell warns of inflation risks if US Fed cuts rates 'too aggressively'
US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving forward. The reduction came while the independent central bank faced intensifying pressure from Donald Trump.
Borrowing made easy: CBN cuts interest rates to 27%, first in five years
The Central Bank of Nigeria (CBN) has cut the benchmark interest rate to 27%, the first time in five years, following a myriad of economic achievements.
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