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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Apply now: Nigerian entrepreneurs can access ₦5m in DBN, Intermarc training scheme 2025
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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US retail sales pick up pace in September
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Dealers quote dollar at high rates in official, parallel markets as naira crashes
The Nigerian currency, the naira, depreciated in the official and parallel markets on Wednesday, October 16, 2024, to trade at N1,700 and N1,659, respectively.
Trial into Brazil mining disaster to open in London
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UN report says 1.1 billion people in acute poverty
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China to boost credit for property market, renovate 1 mn homes
China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy. "An additional one million worn-out homes... will be renovated," he added.
ECB set to cut rates again as inflation cools
European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates. "The ECB is on a path to cut interest rates at each one of the next five policy meetings," including Thursday's gathering, HSBC bank analyst Chris Hare said.
Asian markets rally, with eyes on China housing briefing
Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector.
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