The Nigerian currency, the naira, is on a bullish run against the US dollar, appreciating to N1,497 per dollar and N1,525 in the parallel segment of the FX market.
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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Nigeria’s FX inflows surge 354% to N609bn as CBN eyes $1bn monthly diaspora remittances
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Opportunities: UNICEF internship, FG cash transfer, SMEDAN grants you shouldn't miss
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FG to link loan defaulters' details to NIN, debtors to risk passport, house rent, and other denials
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Good news for naira as dollar inflows hit $57 billion monthly amid reserve increase
The Central Bank of Nigeria (CBN) has disclosed that foreign exchange inflows into the Nigerian economy hit $57bn in August, exceeding the previous year's record
Lagos govt launches initiative to boost GDP, tourism, gives Details
The Lagos state government has again taken a bold step to improve tourism and boost its gross domestic product (GDP). The latest move targets cultural heritage.
IMF responds to claims it directed President Tinubu to remove fuel subsidy, devalue naira
The International Monetary Fund (IMF) has responded to claims it advised President Tinubu to remove the fuel subsidy and devalue the naira, clarifying its role.
G20 affirms commitment to transition from fossil fuels
G20 leaders affirmed their commitment to shifting away from fossil fuels after talks this week in Washington, according to a ministerial statement released Friday. The latest talks took place as world financial leaders gathered in Washington this week for meetings hosted by the International Monetary Fund and the World Bank.
Boeing exploring sale of space business: report
Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company's financial position, the Wall Street Journal reported Friday. Boeing has for years worked closely with the US National Aeronautics and Space Administration (NASA), but the company's space program has suffered major setbacks in recent years.
BHP, Vale agree to pay $30bn damages for Brazil dam disaster
Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in damages for a 2015 dam collapse that triggered the country's worst environmental disaster. President Luiz Inacio Lula da Silva attended the signing of the deal over the November 5, 2015 collapse of a tailings dam at a mine in the southeastern town of Mariana, which triggered a giant mudslide.
75 sickened as McDonald's severe E. Coli outbreak expands
A severe outbreak of E. Coli linked to McDonald's Quarter Pounder burgers has expanded to 75 reported cases, mainly in the western United States, authorities said Friday. McDonald's restaurants in the 13 impacted states have temporarily pulled Quarter Pounders from their menus, though other items, including other beef burgers, remain available.
Waymo ramps up robotaxi push with $5.6 bn in funding
Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco. Waymo One ride-hailing services operate in San Francisco, Phoenix, and Los Angeles, with the company saying it plans to expand to the cities of Austin and Atlanta as part of a partnership with ride-share platform Uber.
Elon Musk all-in for Trump as Moscow denies secret Putin talks
Billionaire Elon Musk, the world's richest man and an avid supporter of Donald Trump, was plunged into new controversy on Friday after a report that he is in regular contact with Russian President Vladimir Putin. "It is extremely problematic that the world's richest man can throw his money around in an attempt to directly influence the outcome of this election," Noti said.
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