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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Top Japan start-up Sakana AI touts nature-inspired tech
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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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Nigeria’s FX inflows surge 354% to N609bn as CBN eyes $1bn monthly diaspora remittances
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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Tesla workers strike in Sweden over union demands
Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said. Pettersson said Tesla informed them Tuesday it would not sign a collective bargaining agreement, adding that the carmaker told the union they "don't do that anywhere in the world."
UK's NatWest bank showed 'serious failings' over Farage: probe
UK bank NatWest displayed "serious failings" in its treatment of the banking affairs of arch-Brexiteer Nigel Farage, an independent probe found Friday. NatWest chairman Howard Davies admitted the lender had made "serious failings" in the treatment of the politician.
Eni profits slump on lower oil and gas prices
Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices. Like its competitors, Eni benefited last year from the spike in gas and oil prices linked to the war in Ukraine, posting a record net profit of 13.8 billion euros.
Britain's iconic red phone boxes get new lease of life
In a workshop packed with historic memorabilia, from rusty petrol pumps to vintage enamel signs, Carl Burge skillfully applied the finishing touches to the red British telephone box he was restoring. One turned into many, and now Burge is working on restoring several telephone boxes at a time.
Markets rise on tech bounce hope, inflation in focus
Asian markets rose Friday after strong earnings from two tech titans provided hope for a bounce on Wall Street, while traders were also steeling themselves for key US inflation data. But blockbuster earnings from Amazon and Intel after the markets closed -- and a surge in after-hours trade -- provided Asian traders with hope for a bounce in New York at the end of the week.
Ford estimates US strike impact at $1.3 bn
Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion. Prior to Wednesday's labor deal, Ford executives had said the company was at its absolute limit in terms of the contract.
Bankman-Fried to testify at his US crypto trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial. Bankman-Fried, once one of the most respected figures in crypto, has been charged with seven counts of fraud, embezzlement and criminal conspiracy.
US economy grows at fastest rate in nearly two years
The US economy heated up in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.
Turkey lifts key rate for 5th month in inflation battle
Turkey's central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates. Turkey's official annual inflation rate peaked at 85 percent last October and climbed back up above 60 percent last month.
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