Nigeria and China have renewed their currency swap agreement worth 15 billion yuan ($2 billion), a move expected to strengthen cooperation and promote bilateral trade and investment between both countries. In a statement released on Friday, the People’s Bank of China (PBOC) confirmed that the arrangement will remain in place for another three years, with … Read more
The Nigeria Labour Congress (NLC) has called on the federal government to immediately intervene in the issue of cash scarcity across the country. The NLC President, Joe Ajaero, said this in a communique he jointly signed with Emmanuel Ugboaja, General Secretary of NLC on Thursday in Abuja. The communique was issued at the end of … Read more
Last Updated: April 19, 2024, 10:21 IST Bajaj Auto To Roll Out Qute Quadricycles In Egypt. With a fleet of 500,000 three-wheelers already traversing Egyptian streets, Bajaj Auto aims to gradually transition towards quadricycles. Bajaj Auto, the leading two-wheeler and three-wheeler manufacturer, is not just speeding ahead in India but also making waves in Egypt. … Read more
Atlanta Federal Reserve President Raphael Bostic said inflation could “see-saw” if policymakers cut interest rates too soon, warning that inflation’s descent towards the central bank’s 2% goal was likely to slow in the months ahead, the Financial Times reported on Sunday. Bostic, who will be a voting member on the Federal Open Market Committee this … Read more
China’s central bank has agreed that Ant Group’s mobile payment app Alipay has no controller, a crucial step in the fintech giant’s overhaul deemed necessary to put its much-anticipated initial public offering back on track. The billionaire’s share of the voting rights are now divided among Hangzhou Junhan Equity Investment – owned by Ma and … Read more
