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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US imports from Nigeria crash by 41% as Trump's tariff escalates trade tensions
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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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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CBN crashes dollar with $29 million intervention in FX market
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UK meets bridge milestone on new high-speed rail track
Britain on Thursday finished building its longest-ever rail bridge after fitting the final segment of the Colne Valley Viaduct for the new high-speed HS2 train line, company bosses announced. "Lowering the Colne Valley Viaduct's final deck segment into place today marks the culmination of more than 10 years of planning, design and construction," said HS2 senior project manager Billy Ahluwalia.
US private sector hiring misses expectations in August: ADP
Hiring in the US private sector markedly undershot analyst expectations in August, said payroll firm ADP on Thursday, as the health of the labor market comes under scrutiny. Private sector employment rose by 99,000 in August while job gains in July were revised down to 111,000, said ADP in a report.
EU orders Airbus A350 inspections after Cathay engine fire
The European Union's aviation safety agency (EASA) said Thursday it will require the inspection of at least some of the Airbus A350s in operation after an engine fire on a Cathay Pacific aircraft.
'Business is business' at bustling China-Africa summit
Hundreds of African political and business leaders filed into China's Great Hall of the People on Thursday eager to forge new partnerships, sign contracts and make industry connections. "I'm here to make contacts and get more business," Moussa said after he joined thousands of delegates from more than 50 countries at the forum's colourful opening ceremony.
Key pledges on sidelines of China-Africa summit
African leaders secured a wide range of commitments to enhance cooperation in sectors such as infrastructure, agriculture, mining, trade, and energy at China's largest summit in years.
New French nuclear reactor enters automatic shutdown
France's newest nuclear reactor, plagued by massive delays and cost overruns, shut itself down automatically Wednesday just a day after starting up for the first time. At full power it will be France's top-producing nuclear reactor at 1,600 megawatts, enough to supply around three million homes with electricity. dlm-nal/tgb/sjw/cw
Greek economy on rebound but many still struggling
Greek barista Kyriakos Giannichronis has seen the headlines about his country's newly booming economy after years of recession -- but he does not feel the wealth. Giannichronis, the barista, said he was trying to remain zen about the economic situation, despite having to think about money all the time.
China's Xi promises $50 billion for Africa over next three years
Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the pandemic.
Asian markets rebound from sell-off but US data keps traders wary
Asian markets bounced Thursday after the turmoil of the previous day as traders assess the outlook for US interest rate cuts after another set of below-par data put extra focus on the upcoming jobs report.
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