The Nigerian currency, the naira, is on a bullish run against the US dollar, appreciating to N1,497 per dollar and N1,525 in the parallel segment of the FX market.
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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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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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Top Japan start-up Sakana AI touts nature-inspired tech
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Nigeria’s FX inflows surge 354% to N609bn as CBN eyes $1bn monthly diaspora remittances
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Stellantis, striking US auto union reach tentative deal
Stellantis and the striking United Auto Workers union have reached a preliminary deal similar to the one struck earlier this week with Ford, the union said Saturday -- allowing members to go back to work at grounded factories. Like the Ford deal, any preliminary agreement with European auto giant Stellantis would need to be ratified via a vote from UAW members.
Kazakhstan says 32 killed in ArcelorMittal mine fire
Kazakhstan said on Saturday that 32 people were killed in a fire in yet another deadly accident in a mine owned by ArcelorMittal, with over a dozen still missing, in the Central Asian country's worst disaster in years.
Nigeria emerges country with largest AfDB investment in Africa
Lamin Barrow, Director-General of the Nigerian Country Department said the AFDB's portfolio investments in Nigeria rank among the greatest among Member Countries
Fears grow of tighter state grip on Serbian media
Two controversial bills backed by Serbian lawmakers this week have sparked fears of more state control over the media and another setback for press freedom in the Balkan nation. - Inefficient regulator - One of the most controversial points of the two bills relates to the Regulatory Authority for Electronic Media (REM), which is responsible for media monitoring.
Tight job market rebalances power between US business and labor
The US economy is contending with a wave of union activism unseen in decades as organized labor seizes a rare opportunity to play hardball in a tight employment market. The activism can feed on itself as workers in different sectors observe each other fighting for more, sometime spurring concessions from employers who are trying to stay union-free, said Schurman.
Panama bans new mining deals, but fails to quell protests
Panama's President Laurentino Cortizo on Friday announced a ban on new metal mining concessions, but maintained a contract with a Canadian company that has sparked massive protests in the country. In a televised address, the president said the government had issued a decree "declaring a ban on granting new metallic mineral concessions throughout the country."
FG partners ECOWAS to set up Africa Energy Bank to improve crude oil exploration
The Federal Government and other members of the Economic Community of West African States, ECOWAS intend to establish the Africa Energy Bank to support exploration
Nigerian firm Neveah promotes Nigeria's solid minerals in London Metal Exchange
Nigerian commodity trading company is at the forefront of promoting Nigeria's solid minerals potential at the London Metal Exchange, which opened recently.
Bumper profits ebb at US oil giants as they tout big fossil deals
ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.
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