The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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Food prices: Rice, beans, garri crash in markets as Tinubu gives order to FEC
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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France bristles at painkiller maker's sale to US fund
French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.
Amnesty says migrant workers exploited at Carrefour Saudi stores
Rights group Amnesty International published Monday a report that accused the Saudi Arabian franchise of French supermarket giant Carrefour of exploiting migrant workers.
Sanofi pursues sale of painkiller after political controversy
Sanofi confirmed on Monday plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy. The sale of a controlling 50-percent stake in Opella to CD&R values the maker of France's leading painkiller, Doliprane, at 16 billion euros ($17.4 billion), Sanofi said.
Asian markets fluctuate as traders digest China rate cut
Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns. The real interest rate in China is too high."
China's central bank cuts two key rates to boost economy
China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy. The country's top banks on Friday cut interest rates on yuan deposits for the second time this year in another potential boost to spending.
BHP goes on trial in London over 2015 toxic Brazil mine disaster
Australian mining giant BHP goes on trial on Monday over one of Brazil's worst environmental disasters, potentially triggering billions of dollars in compensation to be shared among hundreds of thousands of plaintiffs. The Australian mining giant said the quality of river water contaminated by the fallout has returned to pre-disaster levels.
New rules drive Japanese trucking sector to the brink
Fujio Uemura has to rest after driving fish all night to Tokyo, under new rules that trucking firms and experts say are crippling Japan's logistics sector and risk pushing up prices for consumers. Uemura used to spend mornings collecting fish products at various places in his home region and brought them to Tokyo on his own.
Boeing and workers reach tentative deal to end strike
Boeing and its striking Seattle-area workers have reached a tentative deal to end a more than month-long stoppage, the union said Saturday. The strike by some 33,000 unionized workers, mainly in Washington state, halted work at two Seattle-area assembly plants and production of its 737 MAX planes.
Report exposes how 99% of Nigeria's richest evade tax payment amid worsening poverty
An Oxfam report has shown that a huge fraction of the wealthiest people in Nigeria evade paying taxes as 133 million citizens wallow in abject poverty.
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