Economy
"We expect": UK firm sets new exchange rate For the naira against dollar
The Economist Intelligence Unit has predicted that the naira will stabilise against the US dollar at N848 per dollar in 2024 from the current CBN rate.
Table Mountain attacks highlight crime threat to S.Africa tourism
Hikers hit the trail before dawn at South Africa's natural jewel Table Mountain, but instead of simply trekking its rugged landscape they were also demonstrating against a surge in attacks on walkers and tourists. With South Africa's tourist season near its peak, guides worry about taking hikers onto one of Africa's major draws at dawn and dusk because of the risk.
Zenith Bank, UBA, lead, Others follow on list of Most strongest bank in Nigeria
The CBN told Nigerian banks to prepare for a new round of banking sector recapitalization as the nation works towards the $1 trillion GDP target.
Dangote Cement Inducts Graduate Trainees To Boost Employment, Awards Outstanding Staff
Dangote Cement has inducted 81 trainees in its Graduate Trainee programme. It has inducted hundreds of such trainees into its service, across its African operations.
Rising egg prices show cracks in sanctions-hit Russian economy
Russians have voiced concern about the growing cost of a basic food staple -- eggs -- pointing to the fragile state of the sanctions-hit economy, as President Vladimir Putin seeks a fifth term in office. Eggs are a vital ingredient of many traditional Russian holiday dishes including the mayonnaise-heavy Russian "Olivier" salad, a staple of the New Year's feast.
“No More 3%”: CBN introduces crucial changes to processing charges on large cash deposits
The Central Bank of Nigeria has made critical changes by removing processing charges on large cash deposits affecting companies and individuals in Nigeria.
Reborn night train links Berlin and Paris
A new sleeper service between Berlin and Paris will set off from the German capital on Monday evening after a decade-long hiatus, as night trains gain in popularity as an alternative to short-haul flights. In 2020, French President Emmanuel Macron set the aim of opening 10 new sleeper services by 2030, with the results already visible.
CBN sends strong message on naira scarcity as Nigerians battle cash crunch
The Central bank of Nigeria has assured Nigerians of enough cash for economic activities across the country as cash crunch intensifies at various points.
Asian markets mixed ahead of US inflation data, Fed decision
Asian markets diverged Monday as investors awaited key US data and a Federal Reserve policy decision after labour figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation. Investors will also be keeping an eye on decisions by the European Central Bank and Bank of England this week.
Economy
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