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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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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UK economy stalls in July
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Kenya's Ruto to ask China for $1bn loan, debt restructure
Kenyan President William Ruto will ask China for a $1-billion loan and a restructured debt payment plan, his deputy said Friday, despite having criticised his predecessor's heavy borrowing from Beijing. Deputy President Rigathi Gachagua said Ruto would travel to China and ask for "more time to repay the debt slowly" and $1 billion to complete road projects delayed by financing shortfalls.
Pioneer shares rocket higher on ExxonMobil takeover reports
Shares of Pioneer Natural Resources surged more than 10 percent Friday following reports the shale producer is nearing a megadeal to be acquired by ExxonMobil. Near 1540 GMT, Pioneer shares jumped 10.2 percent, while ExxonMobil was down 2.4 percent. jmb/md
Company invites Nigerians to invest in first naira infrastructure fund on stock exchange at N8 each
Nigeria's first local currency denomination in Sub-Saharan Africa and Nigeria, Nigeria Infrastructure Debt Fund (NIBF)is listed on Nigerian Exchange Limited (NGX)
US logs fastest hiring pace in months
US employers picked up their hiring pace unexpectedly in September while unemployment held steady, government data showed on Friday, adding pressure on policymakers seeking to cool the economy. The latest government jobs report comes after figures by payrolls firm ADP released earlier this week showed hiring in the private sector slowed sharply in September. bys/md
Africa to get 'stronger voice' at IMF: Georgieva
Sub-Saharan Africa will have a "stronger voice" at the International Monetary Fund as it will get a third seat on the global lender's executive board, IMF chief Kristalina Georgieva told AFP. Georgieva delivered the news ahead of next week's IMF and World Bank meetings in Marrakesh, Morocco -- the first gathering on the continent since 1973.
Heists at sea: Shrimp bandits terrorize Ecuador farmers
From robberies on land to hold-ups at sea by rifle-toting, hooded men, Ecuador's shrimp industry is facing a wave of violent crime that is threatening the country's star export. In the first eight months of 2023, the CNA registered 64 crimes against its members, including violent robberies at sea or along roads, some leaving deaths and injuries.
Asian markets buck US losses, post gains
Asian markets posted gains in early trade Friday, shrugging off Wall Street losses ahead of key US jobs data. But Hong Kong started Friday on the front foot, with early gains of just over 1.5 percent, while Tokyo crept higher.
In US, lack of affordable child care hinders work force
Parents of young children in the United States are finding that with day care centers in short supply, or too expensive, more and more of them -- mostly mothers -- are having to stay at home to look after their kids. When there are two parents, they "have to determine ... who gets to work, who gets to stay home."
In pesticide-heavy Brazil, could crop dusting be killed off?
The use of crop dusting in Brazil -- the world's biggest consumer of pesticides -- has helped fuel the giant agricultural industry that props up Latin America's largest economy.
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