Economy
Asian markets track Wall St rally on jobs data
Asian markets rose Monday after a blockbuster US jobs report soothed any concerns about the world's top economy, while the dollar held gains with traders scaling back bets on another bumper interest rate cut.
Dollar crashes in official window as Access, Zenith, others trade forex at new rates
The Nigerian currency, the naira, rose in the official and parallel markets on Friday, October 4, 2024, following the increase in global crude oil prices.
CBN sells $543.5m FX to UBA, GTBank, others in 11 days as naira appreciates in official window
The Central Bank of Nigeria (CBN) has disclosed that it carried out forex sales amounting to $543.5 million to an average of 26 authorised dealer banks in 11 days.
FG successfully services loans from China, IMF, World Bank, other creditors with N6.04trn
The Nigerian government successfully serviced debts totaling over N6 trillion in the first half of 2024, representing a 69 percent increase from the previous year.
Nigerian company to sell 50kg bag of rice for N45k, lists locations, steps to buy
Nigerian company, Egoras, has announced plans to sell affordable bags of rice at specific locations across the country and has explained the motives.
Vietnam's young coffee entrepreneurs brew up a revolution
Ditching a lucrative career in finance, Vu Dinh Tu opened a coffee shop without telling his parents and joined a wave of young Vietnamese entrepreneurs using espressos to challenge family expectations around work.
Dangote, BUA, Lafarge smile to the bank as cement sales boom amid skyrocketing prices
The Nigerian cement market has shown remarkable growth in sales, even in the face of soaring prices as Dangote Cement, BUA Cement and Lafarge count their profits.
US trade chief defends tariff hikes when paired with investment
US Trade Representative Katherine Tai defended stiff tariff hikes against countries like China, arguing that paired with investment, they were a "legitimate and constructive" tool for re-invigorating domestic industries.
EU court blocks French ban on vegetable 'steak' labelling
A European court on Friday overturned a French government ban on makers of plant-based meats calling their products "steak" or "sausage", which Paris had imposed to protect livestock farmers. "This is a very welcome victory," said La Vie, a French maker of plant-based meats.
Economy
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