Economy
Boeing to raise up to $25 bn as strike weighs on finances
US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike. The direct financial impact of the first month of the strike cost Boeing more than $3 billion, according to Anderson Economic Group.
“No more 32.15%:” Nigeria’s inflation rate accelerates to new high amid hike in petrol prices
Nigeria's headline inflation has surged to 32.75 per cent in September 2024 from 32.15 recorded in August 2024 following the increase in petrol prices.
Expert predicts new exchange rates as naira crashes in black market, rises 5.38% in official window
The naira gained about N89 in the official market on Monday, October 14, 2024, to trade N1,551 UP from the N1,641 it sold the previous day, but fell in black market.
Boeing announces intention to raise up to $25 bn
US aircraft manufacturer Boeing on Tuesday unveiled measures meant to replenish its cash flow, including its intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike. The direct financial impact of the first month of the strike cost Boeing more than $3 billion, according to Anderson Economic Group.
Ferguson to leave Man Utd ambassador role as club cuts costs
Alex Ferguson is leaving his reported £2 million-a-year ($2.6m) ambassador role with Manchester United at the end of the season as part of a cost-cutting exercise. The Athletic reported that the decision had been made amicably, with Ferguson stepping down from the global ambassador role when the season ends.
Turkish govt defends tax plan to fund defence industry
The Turkish government defended a proposed tax on credit cards on Tuesday, saying it was needed to fund the arms industry and protect the country as conflict rages in its neighbourhood.
CBN suggests solution as customers of GTBank, Zenith Bank, others experience network issues
The Central Bank has encouraged banks in the country to make significant investments in cybersecurity in order to safeguard depositor funds from hackers.
Fuel prices to change as NNPC sells petrol to marketers at new rate
Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed that NNPC has agreed to sell petrol to its members at N995 per litre as part of its debt
World Bank praises CBN governor Yemi Cardoso’s policies on naira, interest rate, gives reasons
The World Bank has announced its support for Yemi Cardoso, the Governor of the CBN, and expressed belief that his policies since assuming office are the right ones.
Economy
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