Economy
Nigerian Airline slashes airfare cost, invites Nigerians to apply for ‘cheap’ ticket
Qatar Airlines has expanded its cooperation with Access Bank to provide up to a 12% discount on business and economy class tickets to Access Bank clients.
FG set to launch new investment opportunity for Nigerians, unveils $500m dollar bond
The Federal Government of Nigeria has unveiled a groundbreaking investment opportunity that promises to not only secure the financial future of investors.
EU presses Meta on plans after disinformation tracker axed
The EU on Friday formally requested that Meta detail steps it is taking on transparency after the Facebook and Instagram owner scrapped a widely-used tool for tracking disinformation online. Brussels launched a formal investigation into Meta's Facebook and Instagram in late April, five weeks before bloc-wide elections in June, over concerns the platforms were failing to counter disinformation.
US to award chipmaker Texas Instruments up to $1.6 bn
The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to $1.6 billion to help fund new facilities in the country. The money would give a boost to TI's planned investment of more than $18 billion through the end of the decade to build three new facilities, the Commerce Department said in a statement.
Cost of rice, other items crash as Nigeria’s inflation drops, data shows cheapest states to buy food
Recent data from the National Bureau of Statistics (NBS) shows that Nigeria's inflation rate for July declined to 33.40% from the 34.19 per cent recorded in June
Asian markets surge on strong US consumer data
Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.
Nigerian firms cry out over new conditions set by Access, Zenith, others to give loan
The Manufacturers Association of Nigeria (MAN) has voiced concerns about the 35% aggregate lending rates that commercial banks impose on companies.
Big Pharma push back on first Medicare drug price cuts
Major pharmaceutical companies lashed out following a landmark deal unveiled Thursday to cut the costs of 10 key medicines, with some saying the price-setting process was not transparent. Novartis, whose heart failure treatment Entresto is among the 10 selected medicines, pushed back against the price-setting process as "not objective or transparent."
Naira gets new position as report shows Africa’s top 10 weakest currencies in 2024
Recent reports have ranked Africa's weakest currency in 2024 compared to the US dollar, with the naira ranking among the continent's worst-performing currencies.
Economy
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