The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
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Experts analyse CBN’s MPR decision, say policy should lower lending costs
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Transport costs may drop as FG distributes 4,000 electric tricycles to Nigerian youths
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Nigerians struggle as bread prices refuse to fall despite drop in cost of flour
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Belgian PM digs in against EU push to use Russian assets for Ukraine
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Canada PM under fire for alleged climate U-turn
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Naira surges as CBN sells $586m, external reserves hit $41bn
The Central Bank of Nigeria (CBN) has conducted a series of foreign exchange interventions in the FX market, leading to a surge in the naira's value.
Vogue appoints Chloe Malle to replace fashion doyenne Wintour
Chloe Malle will follow Anna Wintour as editor of Vogue, the magazine said Tuesday, resolving an intrigue that has gripped fashion and journalism circles for months. - Wintour 'down the hall' - "Chloe Malle is Head of Editorial Content for American Vogue, effective immediately," Vogue said on its website.
GTBank, other Nigerian banks cut dollar rate on naira debit cards as naira strengthens
Nigerian banks have slashed exchange rates on naira debit cards following the rebound of the local currency in the parallel and official windows recently.
Premier League clubs break £3 billion barrier to roar ahead of rivals
Record spending of £3 billion ($4 billion) during the summer transfer window further cements the Premier League as the "most competitive in world football", according to financial experts Deloitte.
Govt gestures leave roots of Indonesia protests intact
Government gestures to calm deadly protests in Indonesia have done little to address the economic inequality and hardship fuelling the unrest, leaving deep resentment to linger and flare up again, experts say. Such conditions mean many Indonesians will still feel the economic pain in the coming months, leaving the door open for fresh protests.
Suntory CEO quits over Japan drugs probe
One of Japan's best-known business people has resigned as CEO of beverage giant Suntory after police raided his house in an illegal drugs probe, the company and media reports said Tuesday. Police searched Niinami's house in August, but he has denied involvement, and no illegal drugs have been found.
Gold rushes to new high as Asia stocks mixed
Gold hit a record high Tuesday as a weaker dollar and expectations of a US interest rate cut made the safe haven an attractive investment. Gold reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April.
'Vibe hacking' puts chatbots to work for cybercriminals
The potential abuse of consumer AI tools is raising concerns, with budding cybercriminals apparently able to trick coding chatbots into giving them a leg-up in producing malicious programmes. He announced in March that he had found a technique to get chatbots to produce code that would normally infringe on their built-in limits.
Nestle sacks CEO over office relationship
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subordinate". "The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle's code of business conduct," a statement said.
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