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Digital loan sharks prey on inflation-hit Nigerians
Digital loan sharks prey on inflation-hit Nigerians
Economy
by  AFP

Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu to shock the country's moribund economy and remove costly subsidies.

Asia markets tick up after Wall Street rebound
Asia markets tick up after Wall Street rebound
Economy
by  AFP

Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut. A soft US labour market report Wednesday showing a decline in job openings helped lift investor confidence the Federal Reserve will cut interest rates.