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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Apply now: Nigerian entrepreneurs can access ₦5m in DBN, Intermarc training scheme 2025
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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UK economy stalls in July
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Godwin Emefiele: Financial Times speaks on changes in CBN, advises FG on $10bn subsidy gain
FT has said that the Nigerian government need to explain the uses of the gain from fuel subsidy. It added that Godwin Emefiele’s removal smacked of political revenge
Claudia Goldin wins Nobel for work on women in the labour market
The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research that has helped understand the role of women in the labour market. The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labour market outcomes," the jury said.
Claudia Goldin of the US wins Nobel economics prize
The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research helping understand the role of women in the labour market. The Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labour market outcomes," the jury said.
OPEC sees no peak in global oil demand on the horizon
Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude to continue to grow for the next two decades. "What is clear is that the world will continue to need more energy in the decades to come," he emphasised in the forward to the report -- which comes just eight weeks before the next UN climate conference, COP28, in Dubai.
Oil prices jump as Hamas attack on Israel fuels supply fears
Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. "But with Middle East analysts considering this to be a pivotal moment for Israel, the view looks incendiary in any current scenario."
IMF, World Bank hold first meetings in Africa in 50 years
The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every three years.
Luxembourg's coalition goverment loses majority at the ballot box
The coalition government of Luxembourg's Liberal Prime Minister Xavier Bettel lost its parliamentary majority Sunday, as the Greens were routed in a general election. But this time the three-party coalition of Liberals, Socialists and Greens, led since 2013 by 50-year-old Bettel, will not be able to stand in their way.
“It’ll take 45 years to recover”: Ghana’s central bank records $5bn loss amid $3bn IMF loan
The Bank of Ghana has recorded one of its most significant losses in years to the tune of $5.2 billion, leading to protests in the country's capital Accra.
Zenith, GTB, Seplat, 6 others lead top 10 Nigerian companies with highest shareholders equity
Zenith Bank, UBA, Seplat, and seven other Nigerian companies have emerged among the top 10 companies with the highest shareholders' equity fund in 2023.
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