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.
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Apply now: Nigerian entrepreneurs can access ₦5m in DBN, Intermarc training scheme 2025
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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Food prices: Rice, beans, garri crash in markets as Tinubu gives order to FEC
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Climate change is improving French wine -- for now
What makes a good or bad year for wine? But the paper argues that because there is broad consensus about what makes good versus bad wine, the taste scores offer a reliable means to monitor how crops are changing over time -- and they attempted to statistically control for the effects of improving winemaking technology.
US Fed agreed to hold interest rates high 'for some time': minutes
US Federal Reserve officials agreed last month they should hold interest rates high "for some time" in their ongoing fight against inflation, according to minutes of the meeting published Wednesday. "All participants agreed that policy should remain restrictive for some time until the Committee is confident that inflation is moving down sustainably toward its objective," the minutes showed.
US Fed official lauds 'very good' progress on inflation
The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday. Inflation at the consumer level has slowed sharply since peaking last summer but it remains elevated, while the economy is showing signs of continued resilience.
Finland gas pipe likely damaged by 'mechanical force': police
Finnish authorities on Wednesday said the leak leading to the shutdown of a natural gas pipeline from Estonia to Finland appeared to have been caused by "mechanical" force and not a blast. It will take at least five months to repair the pipeline, its operator said Wednesday, which will leave Finland totally dependent upon liquefied natural gas imports for the winter.
“Full list:” Tinubu identifies 62 taxes paid by Nigerians, moves to reduce them to nine
The Nigerian government has revealed that there are currently 62 taxes operating in Nigeria and said that it prune the number to a single digit of nine.
Mali cancels Air France clearance to resume flights: officials
Mali's ruling junta has cancelled the authorisation given to Air France to resume flights to the country, two senior officials and an air transport official said Wednesday. The air transport official confirmed that "authorisation has been cancelled", without providing further details.
World Bank needs to get 'better', 'bigger': president
The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics. He said poverty, pandemics and climate change were "almost like a perfect storm" that can no longer be treated separately.
German economy to shrink in 2023, govt says
The German government slashed its growth forecast Wednesday, predicting Europe's top economy will shrink this year as it battles high inflation, elevated energy prices and a manufacturing slump. In their forecasts Wednesday, the government predicted the economy would pick up next year with growth of 1.3 percent, and expand by 1.5 percent in 2025.
UK businesses ask for help after rise in shoplifting
British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis. Its latest crime report stated that 79 percent of represented retailers believed the cost-of-living crisis had caused an increase in theft.
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