Sosoliso plane crash survivor, Kechi Okwuchi, has shared her harrowing experience and recounted what she did as the aircraft was about to go down.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year. Bets on US rate cuts, a weaker dollar and worries about the latest China-US flare-up, have helped push gold to daily records and on Thursday it hit a peak of $4,234.70.
United Airlines reported a slight dip in profits Wednesday as operating expenses ticked higher, adding that a strengthening demand outlook would boost fourth-quarter results. United is poised for a "strong" fourth quarter "as the demand environment strengthens," said a United press release.
Syria is in a hurry to rebuild its war-torn economy and will not wait for the international community to begin making those changes, the country's finance minister said Wednesday. Syria's government faces a monumental challenge in rebuilding the country's war-torn economy after more than 15 years of civil war -- something Barnieh estimated would likely cost "tens of billions" of dollars.
Chris Anderson took over TED 25 years ago, when the internet was young and optimism abounded about the future it could deliver. "I felt I'd come home to that heroic group of people dreaming about the future and what the future could be," Anderson said.
The National Bureau of Statistics has again revealed that Nigeria’s inflation figures has dropped in the month of September and now below the 20% mark.
The EU will urge G7 partners to consider tapping immobilized Russian assets in aiding Ukraine, the bloc's economy commissioner told AFP on Wednesday, as finance ministers of the group convene in Washington. Also on the Group of Seven ministers' agenda are discussions on China's recently announced curbs on rare earths, commissioner Valdis Dombrovskis told AFP in an interview.
US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy. Bessent added that he had spent "weeks" working on the private-sector solution to Argentina's upcoming debt payments, which would come on top of the $20 billion US swap line the US Treasury recently set up.
Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest $13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.
The Nigerian currency is depreciating again due to renewed instability in the foreign exchange markets, driven by a resurgence in dollar demands by traders.
Economy
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