Turkish central bank to hike policy to 20%, claims poll
Turkey’s central bank is expected to raise its policy rate to 20% this week, a Reuters poll showed, though some economists expect a smaller increase after hikes in previous months…
Business
China stocks fall to 9-month low amid weaker-than-expected policies
Chinese stocks hit nine-month lows and the yuan tumbled on Monday, as efforts by authorities to revive demand failed to excite investors who are becoming less confident in Beijing’s ability…
CBN unveils new guidelines for forex sale by BDCs two years after ban
The Central Bank of Nigeria (CBN) on Friday unveiled a series of fresh operational guidelines for forex sales by Bureau de Change (BDC) operators in the country. This is coming…
US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation…
Carlsberg in the dark over Russian business after shock seizure
Carlsberg CARLb.CO was “shocked” by Russia’s seizure of its business in the country last month and the brewer is no closer to knowing what might happen next, its CEO said…
Crude oil swap may have kept forex low, says Chidoka
Osita Chidoka, a former minister of aviation in Nigeria, claimed that the crude oil swap may have helped the naira gain strength against the dollar during the country’s current foreign…
No intention to hike petrol price, says NNPC as queues resurface
The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to raise the pump price per litre of Premium Motor Spirit (PMS) also known as petrol. In a…
Nigeria’s inflation rate its 24.08% amid forex scarcity
Amid shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest in years. The July 2023 rate showed an increase of 1.29% points when compared…
Probe Kyari, Nigerians deserve to know real petrol landing cost, says PDP BoT member
According to Adetokunbo Pearse, a member of the People Democratic Party (PDP), Nigerians have a right to know the precise landing cost of Premium Motor Spirit (PMS). On Monday, Dr.…
World Bank President Ajay Banga to visit Nigeria as part of global tour
World Bank President Ajaypal Singh Banga will begin a three-day visit to Nigeria on Thursday during which he will meet with President Bola Tinubu and Vice-President Kashim Shettima, the international…