(Credit: imaginima/iStock by Getty Images) June 25, 2024/IMFBlog By Giovanni Melina Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already shown how AI is poised to reshape the global economy. It could endanger 33 […]
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CBN Update: New Measures to Enhance Local Currency liquidity for Settlement of Diaspora Remittances
June 25, 2024/United Capital Research The Central Bank of Nigeria (CBN) has authorized eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on the official market to enhance remittance flows and foreign exchange market efficiency. This decision aims to address the FX liquidity issues in the official market, […]
Nigerian Bourse Extends Previous Loss as Index Down -0.1%, Dragged by Dangote Sugar, WAPCO
June 25, 2024/Cordros Report EQUITIES The domestic bourse extended yesterday’s bearish sentiments following sell pressures on DANGSUGAR (-5.7%) and WAPCO (-4.1%). Consequently, the NGX ASI declined by 0.1% to 99,217.60 points, with the MTD and YTD returns printing -0.1% and +32.7%, respectively. The total volume of trades declined by 62.9% […]
