The Nigerian currency, the naira, is surging against the US dollar, propelled by a combination of forex inflows and the CBN's interventions in the FX market.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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FG to train 100,000 construction workers, provide job opportunities nationwide for artisans
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Dutch match US export curbs on semiconductor machines
The Dutch government announced Friday broader restrictions on exports of semiconductor-making machines produced by sector heavyweight ASML, aligning itself with US curbs on technology at the centre of trade tensions with China.
Google 'anti-competitive' over online ad tech: UK
US tech titan Google employs "anti-competitive practices" with regards to online advertising, Britain's competition watchdog concluded Friday in provisional findings of a two-year long investigation.
US climate envoy says discussed plans for summit on methane at Beijing talks
United States climate envoy John Podesta said on Friday that plans were moving forward for a summit with China on reducing emissions of methane and other highly polluting non-CO2 gases. The United States has expressed intentions to hold a summit with China on these types of gases at the upcoming United Nations COP29 climate summit hosted by Azerbaijan in November.
Eurozone second-quarter economic growth revised down
The eurozone economy's growth in the second quarter this year was slightly smaller than previously estimated after the EU's statistics agency on Friday revised its data. Eurostat also revised its figure for the 27-country European Union's economy, which expanded by 0.2 percent, slightly lower than the previous estimate of 0.3 percent.
App helps Mexican tortilla makers join digital economy
Long marginalized by the banking industry, Mexico's neighborhood tortilla producers are cautiously embracing financial technology, in a country where cash is still king for many. The change reflects a wider embrace of financial technology in Latin America's second-largest economy.
China pushes smaller, smarter loans to Africa to shield from risks
China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. The BRI made headlines for backing big-ticket projects in Africa with opaque funding and questionable impacts.
Asian markets swing as traders prepare for US jobs data
Asian markets drifted Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and following a mixed bag of economic data on the world's top economy. Wall Street ended the day on a tepid note, and Asian investors were equally cautious.
Boeing's troubled Starliner spaceship to return to Earth sans crew
Boeing's problem-plagued Starliner is set to finally depart the International Space Station (ISS) on Friday, returning to Earth without astronauts after NASA deemed the risk too great.
Japanese 7-Eleven owner says rejected initial takeover offer from Canadian rival
The Japanese owner of 7-Eleven said Friday it had rejected a takeover bid from retail giant Alimentation Couche-Tard, saying the proposal "grossly undervalues" the company. The board's letter said Alimentation Couche-Tard (ACT)'s offer was $14.86 per share in cash.
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