Nigerians are groaning under the hardship caused by inflation. The price of filling a 5kg cylinder of cooking gas increased by 10%, while 12.5kg increased by 32.5%.
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Nigeria makes history as firm unveils first-ever Nigerian container ship, maps Out new route
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Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
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Revolution: Microsoft replaces 9,000 workers with AI after spending $80 billion to train it
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Naira maintains pressure on dollar amid FX inflows into the markets
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Limited time to apply: Lagos state begins 2025 recruitment into civil service, releases link and criteria
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Sales of US existing homes slip slightly in August
Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry. Compared with a year ago, NAR data showed that existing home sales were 4.2 percent down in August.
US Fed rate cut is 'very positive sign' for economy: Yellen
The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday. Her comments came after Republican presidential nominee Donald Trump charged Wednesday that the Fed's decision was either a response to a "very bad" economy, or it had been "playing politics."
Brazil judge orders X to reimpose block or face hefty fine
Brazil's Supreme Court on Thursday ordered Elon Musk's X to suspend access to the social network, after service was restored despite a ban, or face a daily fine of over $900,000.
Bank of England freezes rate after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
Emirates bookings begins, Nigerians react as airline charges in dollars
Emirates Airlines ticket sales are not going as smoothly as planned as the airline prepares to resume flight operations in Nigeria on October 1 after two years
Coming winter 'sternest test yet' for Ukraine energy grid
The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure. But this winter will be, by far, its sternest test yet," the agency's executive director Birol said in a news release accompanying the report.
Nigeria’s debt profile under Tinubu swells by $6.65 billion as FG is set to receive another loan
The Nigerian government is set to receive another %17 billion loan from the World Bank to boost social development and would be approved on September 26, 2024.
Late Harrods owner Al-Fayed accused of rape: BBC
Multiple women have accused Egyptian billionaire Mohamed Al-Fayed, the former owner of upmarket London department store Harrods where they worked, of rape and sexual assault, the BBC said on Thursday. Fayed had previously been accused of sexually assaulting and groping multiple women but a 2015 police investigation into a rape allegation did not lead to any charges.
Meta and Spotify blast EU decisions on AI
A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).
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