Economy
Stocks mixed, dollar rises as traders weigh Trump shooting
Asian markets were mixed Monday as investors weigh the impact of the assassination attempt on Donald Trump with data suggesting it has boosted his chances of being re-elected president. Still, Katrina Ell at Moody's Analytics said: "The assassination attempt might lead to a temporary boost in the polls for Trump, but a lot can change before November.
Experts open up on what to expect as CBN makes fresh dollar sale to currency trader
The CBN intervened in the foreign exchange market by selling a total of $122.67 million to 46 approved dealers to promote stability and reduce market volatility.
Nigeria missing as South Sudan, Burundi top list of poorest African countries by GDP per capita
Legit.ng compiles a list ranking the ten poorest countries, starting from the country ranked tenth and progressing to the poorest country in the world for 2024.
Pakistan reaches $7 bn aid deal with IMF
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy. Pakistan's last $3 billion loan from the IMF in 2023 proved a lifeline.
Turkey puts its best foot forward to charm Chinese investors
Turkey plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD. The Chinese electric vehicle giant signed a billion-dollar deal with Ankara on Monday to open a plant in western Turkey, promising to create 5,000 jobs, a move that will help it dodge new EU tariffs.
Southwest Airlines unveils electric air taxi venture
US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday.
CBN speaks on revoking licenses of 2 more banks, NDIC begins prosecution of Heritage Bank directors
The Central Bank of Nigeria (CBN) has debunked a circular purporting that it has revoked the licenses of Keystone and Unity banks after Heritage Bank's collapse.
CBN gives new exchange Rates to clear goods from Nigeria’s ports as naira gains in official market
The Central Bank of Nigeria has adjusted the CBN's exchange rates for duty clearance from N1,520 to N1,558 to a dollar despite the naira's gain and high FX turnover.
Mixed profits at US banks amid weaker signs from low-income customers
JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.
Economy
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