Economy
“What we suffered:” How the naira redesign policy threatened Nigeria’s economy
The naira redesign policy of the Central Bank of Nigeria (CBN) threatened the economic survival of many businesses, households, and individuals in Nigeria
FG devises plan to improve purchasing power of Nigerians through access to credits
The federal government is seeking to improve access to credit finance for Nigerian citizens to boost market efficiency and productivity for economic growth.
Argentina's Milei orders major deregulation of economy
Argentina's new leader Javier Milei unveiled Wednesday a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices. Among the changes announced Wednesday are the elimination of a law regulating rent, as well as rules preventing the privatization of state enterprises.
“Apply Now:” FG, BOI to begin disbursement of N75bn loans to small business owners, women, youths
The Nigerian government has begun plans to partner with the Bank of Industry to provide loans at a single-digit of 9$ to small businesses, women and youths.
Naira rises against the dollar in all markets as FG introduces new charges in dollar accounts
The Nigerian currency gained over N200 against the dollar after opening the week positive following a new directive by the Federal Inland Revenue Services to banks
Sony PlayStation 5 sales cross 50 million units
Sales of Sony's PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to "strong momentum" this year for its flagship gaming console. Still, the PS5 reached the 50-million-unit milestone in almost the same period as its predecessor, the PS4, with Sony saying its flagship console enjoyed "strong momentum" in 2023.
Ski prices rise but skiers keep coming, for now
In the heart of the Austrian Alps, workers at the world's leading ski maker churn out pair after pair for international clients who are undeterred by the sport's snowballing costs. Austrian ski lift operators have also hiked prices this year, in line with other resorts throughout the Alps.
Japan begins on-site inspection to Toyota unit Daihatsu
Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles.
Asian markets track Wall St losses as traders pause after rally
Asian markets turned negative Thursday as investors took their foot off the gas after an extended rally fuelled by expectations the Federal Reserve will slash interest rates next year. "An upside surprise in the figures is crucial to bolster the credibility of the Federal Reserve's efforts to push back against market rate cut expectations.
Economy
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