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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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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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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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
UK's high-speed rail row derails Tory party conference
British Prime Minister Rishi Sunak on Tuesday dodged questions over the future of the UK's second high-speed train line, as the issue overshadowed his Conservative party's annual conference. It would be only the UK's second high-speed railway after the one leading to the Channel Tunnel, linking England's southeast with northern France.
Energy transition at risk from commodity market fragmentation: IMF
Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday. The IMF called for greater cooperation to negate the risks of commodity market fragmentation on the energy transition.
EU lawmakers vote to bolster protections for journalists
EU lawmakers on Tuesday backed proposals to boost journalistic independence, but stopped short of pushing for a blanket ban on governments spying on reporters. Media watchdog Reporters Without Borders backed the lawmakers' clarifications and called on EU countries to follow their lead.
London Tube workers suspend planned strikes
Workers on the London Underground on Tuesday suspended their latest round of strike action over pay and conditions after a breakthrough in talks. Unions across the UK economy have held strike action since last year to push for better pay and conditions, due to the soaring cost of living.
Abuja leads, Lagos 11th: list of 15 states hardest hit by Tinubu’s fuel subsidy removal in 4 months
The National Bureau of Statistics has released its price watch report, revealing the states with the highest petrol prices since Tinubu assumed the presidency.
Warsaw, Kyiv make breakthrough on Ukrainian grain transit
Warsaw and Kyiv announced on Tuesday they had agreed to speed up the transit of Ukrainian cereal exports through Poland to third countries, a first step towards resolving their "grain war". The Ukrainian agriculture ministry said the deal would "speed up transit through Poland".
UK's high speed rail row overshadows Conservative party conference
British Prime Minister Rishi Sunak on Tuesday dodged questions over the future of the UK's second high-speed train line as the issue overshadowed his Conservative party's annual conference. It would be only the UK's second high-speed train line after the one leading to the Channel Tunnel, linking England's southeast with northern France.
Malta to replace struggling national airline
Malta will shut down its loss-making national carrier, Air Malta, next year and replace it with a new government-owned airline, Prime Minister Robert Abela has announced. However, Abela announced late Monday that Brussels had refused the government's requests, and there was no other course of action than to close down Air Malta and replace it with a new airline.
Turkey's inflation hovers near 60% after policy U-turn
Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.
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