Economy
EU clears Lufthansa's proposed ITA Airways stake, with conditions
The EU's powerful competition regulator on Wednesday announced it has conditionally approved German airline Lufthansa's proposed stake in Italy's ITA Airways. The deal provided the German airline various options to increase its stake in ITA Airways -- the successor to state-owned Alitalia -- or acquire it outright at a later date.
“N1,500 Per Dollar”: CBN Governor sends message to Nigerians over naira depreciation, makes promises
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that the worst days of the naira are over despite the recent crash.
Money supply nears N100 trillion despite CBN’s high interest rates
Recent data from the Central Bank of Nigeria shows that the money supply in Nigeria is closing up to N100 trillion in May 2024 at N99.24 trillion.
Asia markets track Wall St records as Powell revives rate hopes
Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.
Athens Acropolis introduces private visits for 5,000 euros
The Acropolis in Athens, one of the world's most visited ancient monuments, has begun offering private visits for 5,000 euros ($5,400), setting off protests from the site's guards. The programme set off controversy when it was first announced last year, and the union that represents guards at archaeology sites said it opposes these private visits that by-pass the usual official guides.
Biden calls for lower prices of Ozempic, similar drugs
US President Joe Biden on Tuesday called on pharmaceutical giants Novo Nordisk and Eli Lilly to lower prices for diabetes and weight loss drugs such as Ozempic, saying firms must stop "ripping off the American people."
“No power, no prosperity”: Dangote tackles CBN over new interest rate
The Central Bank of Nigeria (CBN) has come under fire from Aliko Dangote, the chairman and CEO of the Dangote Group, for raising interest rates to around 30%.
CBN Sends Message to Access, Zenith, UBA, Others on old, small dollar Denominations
The Central Bank of Nigeria (CBN) has warned deposit money banks (DMBs) and authorized dealers against rejecting old and smaller dollar denominations.
US Fed has made 'quite a bit of progress' on inflation: Powell
The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.
Economy
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