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Business - Page 425

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 2025

Business·News·World News

AUD/USD: RBA Caution Meets Fed’s Tightrope, Trades Near 0.6430

In a world of volatile financial markets, the AUD/USD currency pair is currently holding its breath as investors tread cautiously ahead of the much-anticipated US Federal Reserve (Fed) policy decision. The spot price traded around 0.6430 during the Asian session on Tuesday.

September 19, 2023

Business·Currency·News·World News

Forex Traders Anticipate BoE Rate Hike Amid Global Uncertainty

The GBP/JPY cross is caught in a tight trading range beneath the 183.00 level as financial markets remain on edge ahead of pivotal central bank meetings this week. With the Bank of England (BoE) expected to hike interest rates, while the Bank

September 19, 2023

Anambra's Security Shake-up: Will New Police Leadership Derail Progress?

Business·Insights·Politics

Back To A Failed Past As Nigeria Police Nears Pension Scheme Exit

In June 2023, the National Assembly finished work on a bill for the establishment of a Police Pension Board. If signed into law, the workers of the Nigeria Police Force (NPF) would have achieved a 17-year quest to be exempted from the

September 19, 2023

Africa·Agro-Economy·Business·News

ADF Approves $20 Million Grant To Boost Mozambique’s Economy

In a move set to catalyze Mozambique’s economic resurgence and foster sustainable development, the African Development Fund (ADF) has greenlit a grant of nearly $20 million. The funds are earmarked to breathe life into Mozambique’s Economic Acceleration and Governance Support Programme, a

September 19, 2023

Business·Finance & Economy·News

WEMA Bank, FG Partner To Empower 2 Million Youths, 1 Million MSMEs Nationwide

WEMA Bank and the Office of the Vice President have unveiled plans to launch the FGN/ALAT Digital Skill-Novation Programme, set to impact 2 million youths and empower 1 million Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. During a courtesy visit to

September 18, 2023

Africa·Business·Finance & Economy·News·World News

Tinubu, Ramaphosa Seek Economic Reforms, Stronger Ties

President Bola Tinubu of Nigeria and South African President Cyril Ramaphosa held extensive discussions in New York City on Monday, in a bid to bolster economic ties and advocate for reforms within international finance institutions. The high-level meeting took place ahead of

September 18, 2023

Africa·Business·News·Technology

AfDB Launches Digital Platform To Drive Business Linkages In Madagascar

In a groundbreaking move towards economic empowerment and business expansion, the African Development Bank’s recent launch of the Mada Business Linkage platform in Madagascar has set the stage for a transformative shift in the nation’s business landscape. Amidst the backdrop of this

September 18, 2023

Africa·Agro-Economy·Business·News·World News

IFAD President Warns About Climate Crisis On Hunger, Poverty

Alvaro Lario, the President of the UN’s International Fund for Agricultural Development (IFAD), delivered a stark warning to the global community regarding the dire and irreversible consequences of the climate crisis on hunger and poverty. As world leaders convene in New York

September 18, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Finance & Economy·News

LCCI Urges CBN To Pause Interest Rates As Inflation Hits 25.80%

The Lagos Chamber of Commerce and Industry (LCCI) has called upon the Central Bank of Nigeria (CBN) to hit the brakes on interest rate hikes. Dr. Chinyere Almona, Director-General of LCCI, emphasized the need for immediate action to alleviate supply-side pressures that

September 18, 2023

Africa·Business·News·World News

Swedfund Explores Partnership With AfDB

Swedfund CEO, Maria Hakaanson, embarked on a groundbreaking visit to the African Development Bank’s headquarters in Abidjan earlier this month, signaling a fresh era of cooperation and strategic partnership. The visit not only solidified existing ties but also opened doors to innovative

September 18, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 425

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

AUD/USD: RBA Caution Meets Fed’s Tightrope, Trades Near 0.6430

Forex Traders Anticipate BoE Rate Hike Amid Global Uncertainty

Back To A Failed Past As Nigeria Police Nears Pension Scheme Exit

ADF Approves $20 Million Grant To Boost Mozambique’s Economy

WEMA Bank, FG Partner To Empower 2 Million Youths, 1 Million MSMEs Nationwide

Tinubu, Ramaphosa Seek Economic Reforms, Stronger Ties

AfDB Launches Digital Platform To Drive Business Linkages In Madagascar

IFAD President Warns About Climate Crisis On Hunger, Poverty

LCCI Urges CBN To Pause Interest Rates As Inflation Hits 25.80%

Swedfund Explores Partnership With AfDB

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Dollar Trades Flat In Black Market, Appreciates In Official Window

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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