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CBN Rakes in N598.3B via Treasury Bill Auction: International Edition
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The Central Bank of Nigeria (CBN) has allocated N598.33 billion worth of Nigerian Treasury Bills through three varying maturity periods, with the 365-day bill leading the auction, representing 80% of the overall sales and subscriptions. A total of ₦482.62 billion was sold for the 365-day tenure, indicating significant investor interest in the long-term instrument.…
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IMF Addresses Nigeria’s COVID-19 Loan repayment and Unpaid Balances
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The American billionaire stated that his Gates Foundation will cease operations following the distribution of his fortune. On Thursday, the International Monetary Fund (IMF) announced that Nigeria has completely settled its $3.4 billion loan, which was borrowed in April 2020. The funds were released through the Rapid Financing Instrument, aimed at assisting with the…
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China’s BOE and CSOT Slash LCD Production as Tariffs and Subsidy Cuts Bite
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Major Chinese display panel manufacturers like BOE and CSOT have started reducing their LCD output due to U.S. tariffs imposed during President Donald Trump’s administration, which impede exports to the American market, according to industry insiders. As businesses shift their focus towards Europe and Asia, experts indicate that obtaining new clients swiftly continues to…
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Deputy PM Choi’s Resignation Sparks Uncertainty in Financial Coordination Efforts – International Edition (English)
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Choi Sang-mok’s departure as the ex-Deputy Prime Minister and Minister of Economy and Finance is anticipated to lead to alterations within the operations of the Finance 4 (F4). This non-official advisory panel centers on macroeconomic and financial matters. Comprised of key figures such as the deputy prime minister responsible for economic policies, the Bank…
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India and Chile Ink Economic Deal: Focus on Critical Minerals
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New Delhi [India], May 9 (ANI): India and Chile took a major step forward in strengthening their economic partnership by signing the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement ( CEPA ). The Ministry of Commerce & Industry stated on Friday that this accord opens a new era in commercial ties…
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Gold Bars Drop in Price as Global Interest Rates Decline
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The price of gold bars in Vietnam decreased on Friday morning due to easing international bullion rates. The price of Saigon Jewelry Company’s gold bars decreased by 0.25% to VND120.2 million (US$4,627.34) per tael. The cost of gold rings remained constant at VND116.5 million per tael. It’s worth noting that one tael equates to…
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Tokyo Stocks Surge as U.S.-U.K. Trade Deal Bolsters Asian Markets
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Tokyo stock prices surged significantly during early trading on Friday as investors responded positively to a new trade pact between the United States and Britain—the first such agreement announced following President Donald Trump’s imposition of substantial tariffs on numerous nations. The Nikkei Stock Average with 225 issues rose by 549.95 points, equivalent to a…
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South Korea’s Record-Breaking $9.14B Current Account Surplus in March
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In March, South Korea’s current account recorded a surplus of $9.14 billion, marking its 23rd straight month of surpluses, according to data released by the Bank of Korea on May 9. It was the third-longest stretch since 2000, following streaks of 83 months from May 2012 to March 2019 and 27 months from May…
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China’s Sales to U.S. Slump Despite Export Surprises
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China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that…
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Could the Black Market Be the Sole Marketplace in Zimbabwe?
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On the left, Wellington Kaseke and Oasis Ishingwe cater to customers and accept US dollars at an impromptu grocery store commonly referred to as a tuckshop. Such unregistered enterprises have thrived as traditional stores face difficulties, with many Zimbabweans now favoring American currency over the nation’s recently introduced gold-backed money. Photo Credit: Gamuchirai Masiyiwa,…