Economy
Access Bank Group, Mastercard to Expand Opportunities for Cross-Border Payments
Mastercard & Access Bank Group launches cross-border money movement solution across African markets, enabling consumers to send & receive international payments.
CBN adjusts import duty rate again after naira’s crash against dollar
The Central Bank of Nigeria (CBN) again adjusted the exchange rate for duty clearance to N1,457.014, following the naira's crash against the dollar.
A gloomy season for Ethiopia's 'green gold' at the khat market
"We call it green gold," says Ramadan Youssouf, a khat trader in the Ethiopian town of Aweday, one of the largest markets in the world for the mildly narcotic shrub. Many of the bundles from the Aweday market will make their way to Wajale, a border town straddling Ethiopia and Somaliland -- a breakaway region of Somalia.
Anglo American to split group after rejecting BHP bid
Anglo American to split group after rejecting BHP bid
CBN names factors that drive the supply of dollar as naira crashes again
The CBN's dollar supply for foreign medical and educational expenses rose by 49.22% to $1.81 billion in the nine months from January to September 2023.
Foxconn reports sharp rise in first-quarter net profit
Taiwanese tech giant Foxconn on Tuesday reported a 72 percent jump in net profit during the first three months of 2024 compared to the same period last year as demand for investment in AI technology grows.
Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn
Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million. The companies have also reached a separate agreement for Uber to buy US$300 million in newly issued ordinary shares of Delivery Hero, according to the statement. aw/dhc/dan
Sony net profit dips on-year but beats estimate
Sony said Tuesday that annual net profit dipped 3.5 percent on-year but beat its forecast as takings in games and music offset losses in the financial and chip sectors. For the current financial year, Sony forecast net profits of 925 billion yen.
Asian traders bide their time ahead of key US inflation data
Asian investors shifted cautiously Tuesday ahead of the release of key US inflation data that could have a huge bearing on the fate of Federal Reserve interest rate cuts this year. The readings come after forecast-beating figures for the first three months of the year that have seen investors whittle down their expectations for the number of rate cuts -- from six in January to at most two now.
Economy
Load more