
The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
Three years after the pandemic wiped out the live music scene, fans are flocking again to see their favourite stars on stage, with Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost.
The limitations on foreign exchange that the Central Bank of Nigeria (CBN) imposed on importers of 43 commodities eight years ago have finally been abolished.
New Zealand has a plan to tax farmers for their livestock's burps and farts -- and it's causing a stink ahead of Saturday's general elections. To help combat global warming, New Zealand was one of the first countries to announce it will start pricing agricultural emissions -- in effect taxing burps and farts from livestock.
The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday. Semiconductors have become a flashpoint issue between the United States and China, which are locked in a fierce battle over access to chip-making technology and supplies.
Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year.
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."
Talks between Hollywood actors and studios over an ongoing strike have collapsed, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry. Last month the studios struck a deal with Hollywood writers, ending that union's separate stoppage.
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, said Nigeria could achieve a $1 trillion dollar GDP in eight years if the right steps are taken.
Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors. Also, Hauenstein acknowledged that Delta was probably the most impacted airline due to strikes by actors and US auto workers.
Economy
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