Economy
Year in review: Cash scarcity and other 10 events that made life difficult for Nigerians in 2023
Nigeria had a tough 2023 and will be ending the year just as it started. There is an air of optimism that 2024 will be better, but the early signs are not good.
Spanish PM appoints new economy minister
Spanish Prime Minister Pedro Sanchez on Friday appointed Carlos Cuerpo, the head of the treasury, to be his new economy minister. Little known in Spain, Cuerpo worked closely with Calvino, 55, who served as economy minister since Sanchez came to power in 2018.
US media agency delivers powerful prediction on naira in 2024 as it emerges worst currency in 2023
The Nigerian currency has been predicted to continue to decline in 2024 as it emerged as one of the world's worst-performing currencies in the outgoing 2023.
After Tinubu's deadline, CBN recovers N264.04 billion from debtors, other intervention schemes
The Central Bank of Nigeria (CBN) said it has recovered over N260 billion from debtors under its various intervention schemes in the first nine months of 2023.
FintechNGR moves to curb fraud in digital banks after Nigerians lost N51bn to cybercriminals
FinTech Association of Nigeria (FintechNGR),a self-regulatory body incorporated in Nigeria, has disclosed it is working on initiative to combat fraud in the industry
Cash withdrawal limit, forex market unification, other major decisions CBN took in 2023
The aftermath of the power transition has seen the CBN active in a bid to unbundle the apex bank into one whose major focus is not diverted from its monetary role.
Boost for naira as World Bank predicts diaspora remittances for Nigeria in 2023, FG sets FX rates
The World Bank has projected that diaspora remittances into Nigeria will increase to $20 billion in 2023 as the Federal Government predicted a new FX rate
Venezuela oil giant says 80 percent of oil spill cleaned up
Venezuela's state oil company said Thursday that an oil spill at a refinery on the country's western coastline was no longer "active" and that more than 80 percent of the affected area had been cleaned up. The last oil spill recorded in the area was in July 2020, when waste from the same refinery flowed into the sea.
China's Huawei says expects revenue up almost nine percent in 2023
Chinese tech giant Huawei said Friday it "weathered the storm" of US sanctions as it announced a rise of almost nine percent in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone. "After years of hard work, we managed to weather the storm," rotating chairman Ken Hu said in New Year's remarks released Friday.
Economy
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