
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.
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.
The heads of European telecoms firms, including Orange and Vodafone, on Monday urged the EU to make tech and streaming giants pay for the massive amounts of bandwidth they use. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear making web giants pay would create a two-speed internet.
British designer Stella McCartney took over a Paris marketplace on Monday and turned it into a showcase for new greener textiles while honouring her rock star parents' time in 1970s band Wings.
German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie".
The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.
Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates. US stocks ended Friday mostly lower as a government shutdown appeared likely after hardline Republicans had tanked an earlier plan to keep the lights on.
The UK minimum wage will go up next year, finance minister Jeremy Hunt will announce at the Conservative party's annual conference Monday, as the country gears up for a general election. - Populist - Prime Minister Rishi Sunak's party is currently trailing the opposition Labour Party in the polls, with an election looming next year.
The Central Bank of Nigeria has debited Zenith Bank, GTBank, UBA, First Bank, and six other commercial banks about N1.62 trillion for not meeting their CRR needs.
The Nigerian government is reportedly in talks with the World Bank to obtain a fresh loan of $1.5 billion for different projects across the country.
New deputy governors appointed by the Central Bank of Nigeria on Friday, 29th September 2023 were given authority after being confirmed by the Senate on Tuesday.
Economy
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