A trader from Edo, Osifo Stanley, has emerged as President Bola Tinubu’s first challenger after purchasing APC presidential nomination forms worth N100 million.
CBN introduces zero fees for transfers below ₦5,000, encouraging cashless transactions. New PoS charges offer predictability, despite higher fees on larger transfers
Spain has ordered another 25 advanced Eurofighter jets from European aerospace giant Airbus in the NATO member's drive to modernise its air force, the defence ministry said on Friday. The order "secures the supply chain in Spain and across Europe", said Mike Schoellhorn, chief executive of Airbus Defence and Space.
The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations. The personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.
US lawmakers raced Friday to prevent a government shutdown due to bite within hours, after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have kept the lights on well beyond Christmas. "If there is going to be a shutdown of government, let it begin now, under the Biden Administration," Trump said on social media early Friday, seeking to avoid blame for the chaos.
Bursting with customers one afternoon the week before Christmas, a second-hand charity shop in London's Marylebone High Street looked even busier than the upscale retailers surrounding it. Mkt, a brand which aims to put charity shops in empty shopping centres and high street spaces, has himself given second-hand Christmas gifts for "many, many years".
Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.
The TCN has installed a new 75MVA transformer at the Lekki substation to effectively upgrade the station's capacity to increase and improve power supply.
According to business owners, the Central Bank of Nigeria's (CBN) decision to impose cash withdrawal limits on Point-of-Sale (PoS) operators is bad for businesses/
Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.
China has lifted a ban on imports of Australian live rock lobsters, Canberra said Friday, demolishing the final barrier in a broader, multibillion-dollar trade war between the countries. "This is great news for our live rock lobster producers and fishers here in Australia, and importantly, it means that they can now apply for import permits to go back into this market."
Economy
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