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BUSINESS1d agoBlue dollar today: how much it trades for this Wednesday, October 14Mirá la cotización para la compra y venta del dólar blue hoy.La brecha con el dólar oficial.Clarín
BUSINESS1d agoEgypt to build a rail link as an alternative to the blocked Suez CanalDubbed the "Suez Canal on Rails", the line connects Red Sea ports directly to Mediterranean export terminals. Once fully operational, it is expected to carry up to 13 million tonnes of freight each year, allowing cargo to be transferred across Egypt by rail and helping bypass maritime bottlenecks.Africanews [en]
BUSINESS1d agoGreenwich Bank targets SMEs, farmers, opens branchesBy Peter Egwuatu Greenwich Bank Limited has expanded its commercial banking footprint into Ondo and Ekiti States with the commissioning of branches in Akure and Ado-Ekiti, as the financial institution advances its strategy to bring a broader range of banking services closer to small and medium-sized enterprises (SMEs), entrepreneurs, traders, farmers and other businesses across […] The post Greenwich Bank targets SMEs, farmers, opens branches appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoC919 set to lead way as Chinese aircraft forecast to secure 5% of world market in 20 yearsChina’s chief civilian aircraft builder will command 5 per cent of the world’s fleet allocation by 2045 as global demand for narrowbody jets and the domestic order book look strong, an aviation analytics firm has forecast. Airbus would have 47 per cent of the passenger fleet allocation and Boeing 39 per cent, both leading state-owned Commercial Aircraft Corporation of China (Comac), analytics firm Cirium forecast on Tuesday. It said Embraer would take 3 per cent and ATR 2 per cent. Comac has a...South China Morning Post
BUSINESS1d agoASML declares 2026 interim dividend of €1.88 per share, payable in NovemberASML has declared an interim dividend of €1.88 per share for 2026, which is scheduled for payment in November. This announcement details the company's shareholder distribution.Seeking Alpha Tech
BUSINESS1d ago‘It’s Regressive’ – IMF warns Nigeria against restoring petrol subsidyThe International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately benefited higher-income consumers and could worsen pressure on public finances amid rising borrowing costs. Rodrigo Valdés, […] The post ‘It’s regressive’ – IMF warns Nigeria against restoring petrol subsidy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoW/Bank mobilises $5.79bn private capital for NigeriaBy Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […] The post W/Bank mobilises $5.79bn private capital for Nigeria appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoCardinal Energy declares CAD 0.06 dividendCardinal Energy has announced a dividend of CAD 0.06. This is a routine financial update for the company and its investors.Seeking Alpha Tech
BUSINESS1d agoNPA targets rail, logistics gaps for efficient Inland dry port operationsBy Godwin Oritse The Nigerian Ports Authority (NPA) has moved to address rail connectivity and logistics challenges affecting inland dry ports as part of efforts to integrate the facilities into the nation’s port system and improve cargo movement across the country. The move followed a meeting between the NPA management, led by its Managing Director, […] The post NPA targets rail, logistics gaps for efficient Inland dry port operations appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoASML Holding in charts: Q3 net sales and gross profit surge backed by 121 total systems soldASML Holding reported a surge in Q3 net sales and gross profit, driven by the sale of 121 systems. This indicates strong financial performance for the technology company.Seeking Alpha Tech
BUSINESS1d agoHong Kong bus operators seek fare hikes of up to 17.7% amid fuel price surgeFour Hong Kong franchised bus operators have applied to raise fares by up to 17.7 per cent, citing “significant financial pressure” from soaring fuel prices driven by the Middle East conflict. Citybus has sought the steepest increase, at 17.7 per cent, followed by the KMB Company at 16 per cent. Long Win Bus and New Lantao Bus have applied for rises of 8.1 per cent and 9.8 per cent respectively, according to a paper the Transport and Logistics Bureau submitted to the Legislative Council on...South China Morning Post
BUSINESS1d agoIndia’s trade deficit with China crosses $100 billion in 2026Two-way trade between January and September was up 25.4% to $144.45 billion, while India’s imports from China continued to rise, up 23.3% to $125.19 billionThe Hindu
BUSINESSBREAKING1d agoOil prices rise after reported attacks on ships in Strait of HormuzEuroNews [en]
BUSINESS1d agoIMF: Nigeria’s banks need stronger safeguards after recapitalisationIMF has warned Nigerian authorities that “the sovereign and bank nexus is also an important area” of concern for African economies. The post IMF: Nigeria’s banks need stronger safeguards after recapitalisation appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoDistribution Solutions to acquire GradeEight; transaction accretive to EBITDADistribution Solutions plans to acquire GradeEight, with the transaction expected to increase EBITDA. This indicates a corporate merger and acquisition activity.Seeking Alpha Tech
BUSINESS1d agoGlencore makes Australian debut, eyes potential ASX 200 inclusionGlencore made its debut in Australia and is considering potential inclusion in the ASX 200 index. This represents a significant corporate financial development in the Australian market.Seeking Alpha Tech
BUSINESS1d agoMore expensive gas, semiconductors likely pushed up inflation last monthInflation likely worsened in September in one of the last price reports the government will issue before the midterm elections that have been heavily defined by concerns over affordabilityABC News
BUSINESS1d agoG-24: Nigeria, other developing nations need cheaper financing — Oyedele“Debt vulnerability is a major obstacle to growth in many developing countries,” Oyedele said, highlighting the need for predictable and coordinated approaches The post G-24: Nigeria, other developing nations need cheaper financing — Oyedele appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoNAFDAC Bursts Over 20 Fake Alcoholic Drink Factories At Lagos Trade Fair ComplexTwo suspects were apprehended during the operations, while products seized and evacuated are valued at over ₦2 billion. The post NAFDAC Bursts Over 20 Fake Alcoholic Drink Factories At Lagos Trade Fair Complex appeared first on Channels Television.Channels TV
BUSINESS1d agoNigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank•Tax-to-GDP ratio rises to 12.5% from 7% — Oyedele By Emma Ujah, Abuja Bureau Chief Nigeria’s private capital inflows have surged nearly 20-fold to almost $6 billion in 2026 from about $300 million in 2023, President of the World Bank Group, Mr. Ajay Banga, has said, just as the Federal Government (FG) said it has […] The post Nigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoLCCI proposes 20% petrol price cut in 6-month programmeBy Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has proposed a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in pump prices to ease the burden of high energy and transportation costs on Nigerian businesses and households. In a statement, Director-General of LCCI, Dr. Chinyere Almona, said […] The post LCCI proposes 20% petrol price cut in 6-month programme appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoNigerians still suffer high cost of living, despite economic growth — IMFIMF has said despite Nigeria’s economic growth and status as an energy exporter, the cost of living remained high, leaving Nigerians struggling The post Nigerians still suffer high cost of living, despite economic growth — IMF appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoGalderma buys ZO Skin Health for $1.5B in cash from Blackstone, Obagi familyGalderma has acquired ZO Skin Health for $1.5 billion in cash from Blackstone and the Obagi family. This represents a major acquisition within the business sector.Seeking Alpha Tech
BUSINESS1d agoNo rush to T+1: Hong Kong exchange won’t hurry settlement-time change, sources sayParticipants in Hong Kong’s stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter. Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be settled one day after transactions – in the fourth quarter of 2027, replacing the existing T+2...South China Morning Post
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