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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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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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
Economy Latest News
No More 5,000: FG increases medical student admission to 10,000
The Federal Government stated that the population of physicians of medicine and dentistry will be increased from 5,000 to 10,000 in the next academic year.
Nigerian states borrow N46bn from Access Bank, Zenith Bank, Fidelity to pay salaries
Three commercial banks have reported in the half-year financial statements that state governments borrowed about N46 billion in for salaries six months.
Tinubu announces plan to share N75bn interest-free loan to 1.5m market women
The federal government has announced that it will be providing interest-free loans to market women who are underprivileged to support their businesses amid hardship.
“No more N92k”: UK kicks off new visa application fees for Nigerians, full details emerge
The United Kingdom's new visa application fee for different categories will be implemented starting today, and Nigerians will have to pay more for a student visa.
Macau bets on China's 'Golden Week' holiday to stage comeback
Macau's baccarat and poker tables were teeming once again as millions of Chinese tourists marked "Golden Week" in October, with post-pandemic travel surging despite the country's economic slowdown. Chinese travellers are expected to make more than 100 million daily trips during the annual national holiday -- making it the "hottest" Golden Week ever, a state-backed tourism think tank predicted.
“No More N8k”: FG to empower 15 families million with N75,000 cash transfers
The Nigerian government has revealed plans to empower 15 million households with N75,000 cash transfers via the Humanitarian Affairs and Poverty Alleviation ministry
Asian markets follow US lead with gains
Asian markets posted modest gains in early Thursday trade, rebounding from previous losses after a strong lead from Wall Street. When trading kicked off in Asia, Tokyo was up by more than one percent, and Hong Kong was up by just over 0.3 percent.
Homelessness explodes in Canada as rents, housing prices soar
Canada is gripped by a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets and left to live in the streets of the wealthy nation. Real estate prices have become the main topic around the dinner table in recent months, and public opinion and opposition criticisms have forced governments to prioritize housing and cost of living concerns.
IMF, World Bank to tackle climate goals among reforms at annual meetings
The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at their upcoming annual meetings in Morocco next week. "So we need to have a better mechanism for a faster resolution of the debt problem," she continued, urging world leaders to tackle the issue at the annual meetings. da-jmi-vog/dw
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