Economy
Apply now: FG opens application portal for humanitarian job, invites Nigerians ready to work
The federal government has announced that it is accepting applications from Nigerians for its Ministry of Humanitarian Affairs and Poverty Alleviation in Plateau.
CBN names new executives for Union, Keystone, Polaris, lists crimes committed by banks
New executive directors have been named to lead Polaris, Union, and Keystone banks after the CBN fired the entire board of directors over financial laws crimes
UK unveils plans for 'biggest nuclear power expansion in 70 years'
The UK government on Thursday announced plans for what it said was the country's "biggest expansion of nuclear power for 70 years" to bolster its energy independence and meet carbon emission targets.
Access, GTB, UBA, Zenith, others debit over N100bn from customer’s accounts for government
The Nigerian government has collected over N100 billion from financial institutions as value-added tax payments for services rendered so far in 2023.
Asian markets track Wall St gains ahead of key inflation data
Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates. "Our expectations are for headline inflation to continue to cyclically bottom well below three percent, possibly to 2.5 percent, and for the Fed to then start cutting rates sometime over the next six months."
US regulators authorize first bitcoin funds on public markets
US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency. Until Wednesday, investors seeking to invest in bitcoin had to open an account on a cryptocurrency exchange and transact through a traditional medium of exchange, such as the dollar.
UN 'very concerned' over attacks on Red Sea trade
The United Nations raised the alarm on Wednesday over increasing attacks on shipping in the Red Sea, blamed by Western countries on Huthi rebels, and the risk of escalation in the region. Intensifying attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to bypass the route and instead divert around Africa's Cape of Good Hope, significantly adding to journey times and cost.
Amazon cuts hundreds of jobs at Twitch, Prime Video and MGM
Amazon's gamer streaming unit Twitch on Wednesday announced that it was laying off 500 staff, reportedly one third of the company, as it struggles financially despite strong popularity among players. The cull comes as part of Amazon's biggest ever job cutting plan launched last year, which it said will reach 27,000 positions across the company.
Boeing probing 'what broke down' in latest incident: CEO
Boeing is still in fact-finding mode following Friday's near-catastrophic aviation incident, searching for "what broke down" in its processes, Chief Executive Dave Calhoun said Wednesday.
Economy
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