The United States and Ukraine on Wednesday signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid. Announcing the signing of the deal in Washington, Treasury Secretary Scott Bessent said it showed "both sides' commitment to lasting peace and prosperity in Ukraine."
The Nigeria Customs Service has said that rice imports via land borders still remain banned under the Customs Prohibition Act as the 150-day duty-free window begins.
The Kenyan government plans to raise about $1.2 billion by reinstating some unpopular taxes contained in a finance bill that was scrapped in the face of deadly street protests, a government minister said. Finance Minister John Mbadi told private station Citizen TV on Sunday that the government was considering about 49 tax measures to try to raise roughly 150 billion shillings ($1.2 billion).
Ringed by once-free beaches and green parks, Hungary's Lake Balaton has delighted generations of holidaymakers -- but now, locals warn, private developers are fencing off the sandy bays for rich visitors, with the nationalist government's blessing. "If this can be done here in Balatonfoldvar... then not a single beach in Balaton is safe," warned the head of the activist group, Karoly Herenyi.
Asian markets mostly rose Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech. Most Asian markets picked up the baton Monday.
Nigeria is using its domestic dollar bond market to make up for the infrastructure funding gaps, while the Eurobond market has not performed well.
Nigeria, which had intended to issue a Eurobond this year, has elected to postpone the offering and instead sell its first dollar bond on the local market.
The Central Bank of Nigeria (CBN) has reduced the exchange rates for import duty in Nigeria's ports as FG begins implementing 150-day import duty-free window.
According to the National Bureau of Statistics, Nigeria's inflation rate for July 2024 dropped, also many states recorded a decline in their inflation figures.
The Nigerian currency, the naira, made a massive recovery against the US dollar on Thursday, August 15, 2024, in the official market, trading at N1,564.48 per dollar
Economy
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