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Category: Economy

NIGERIA HAS TO INCREASE INTEREST RATE TO TACKLE IN...

The continual mopping up of excess liquidity from the economic system has contributed to high inflation in Nigeria.

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BEWARE OF FAKE NAIRA NOTES, CBN WARNS

There is an increasing number of counterfeit naira notes in circulation and the Central Bank of Nigeria (CBN) has warned Nigerians...

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PoS OPERATORS HIKE CHARGES AS NAIRA SCARCITY BITES...

There is a growing case of scarcity of the naira in parts of Nigeria, which is heightening anxiety among Nigerians.

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FTC tries again to block Microsoft's acquisition o...

The FTC is trying to block Microsoft's acquisition of Activision Blizzard, the maker of the popular "Call of Duty" franchise, afte...

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Pfizer CEO slams presidents of elite colleges over...

Pfizer CEO Albert Bourla criticized the "despicable" testimony of three elite university presidents who were "hiding behind calls ...

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US crude oil falls below $70, the lowest since Jun...

Oil prices fell nearly 4% to their lowest levels since June on Wednesday amid concerns about weak global energy demand and rising ...

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McDonald's investor day will feature possible upda...

Many investors on Wednesday will look to McDonald’s as the fast-food chain holds its investor day later in the morning. FOX Busine...

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FTC investigates Exxon’s $60 billion deal for Pion...

The Federal Trade Commission is investigating ExxonMobil's planned acquisition of Pioneer Natural Resources over potential violati...

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Bitcoin rises above $42,000 for first time since A...

Bitcoin rose to $42,162 on Monday in a new surge fueled by interest rate cut expectations and traders betting that U.S. regulators...

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Home Depot co-founder gives his best investing adv...

Home Depot co-founder Ken Langone offers advice to young investors on "The Claman Countdown."

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McDonald's sets sights on 50K worldwide restaurant...

McDonald’s has unveiled a massive bid to boost its global presence on Wednesday morning, setting its sights on reaching a total of...

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Spotify to cut 17% of its workforce in 3rd layoff ...

Spotify, the music streaming giant that has seen growth over the past two years, announced its third layoff in 2023, roughly 17% o...

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JPMorgan predicts a grim outlook for the stock mar...

JPMorgan Chase analysts warned in a new note to clients that the stock market faces more pain in 2024, projecting the S&P 500 will...

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Ryanair denies reports of charging a fee for digit...

Ryanair has issued a denial after some alleged the Ireland-based budget airline made travelers checking in put down more money to ...

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Uber shares rally on S&P 500 inclusion

Uber CEO Dara Khosrowshahi and his investors are celebrating the ride-sharing giant's latest milestone: being chosen as one of the...

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Federal EV tax credit slashed in half for some Tes...

Tesla notified customers that the $7,500 federal tax credit for electric vehicle purchases will be cut in half for two of its popu...

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Boeing eliminated from Air Force's 'Doomsday Plane...

Boeing has been eliminated from the U.S. Air Force's Survivable Airborne Operations Center competition to replace the E-4B Nightwa...

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Carriers add new technology for holiday shipping d...

UPS is using new technology to help distribute and sort packages faster for the holiday season. This is on top of the 100,000 work...

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Walmart stops advertising on X, adding to growing ...

Retail giant Walmart on Friday revealed it no longer advertises on X, becoming the latest major corporation to pull ads from the E...

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Cybertruck's price tag draws mixed reviews

Tesla's release of its Cybertruck pricing Thursday drew reaction. The vehicle has rear-wheel drive, all-wheel drive and "Cyberbeas...

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