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Business / Companies / economics

Argentina’s Peso Plummets After Easing Currency Controls to Secure IMF Bailout

April 15, 2025April 15, 2025 - by Victor Santos - Leave a Comment

Argentina’s peso fell over 11% against the dollar after easing currency controls to secure a $20 billion IMF bailout. This move, while potentially enhancing export competitiveness, raises import costs and …

Argentina’s Peso Plummets After Easing Currency Controls to Secure IMF Bailout Read More
Business / Companies / economics

Argentina’s Bold Economic Move: Lifting Exchange Rate Cap Begins New Era

April 14, 2025April 14, 2025 - by Maya Chowdhury - Leave a Comment

Argentine President Javier Milei has lifted the exchange rate cap, introducing a floating exchange rate model without central bank intervention. This move responds to dwindling foreign reserves and aims to …

Argentina’s Bold Economic Move: Lifting Exchange Rate Cap Begins New Era Read More
Business / Companies / economics

Nigeria’s Debt Servicing to World Bank and IMF in 2024 Surges Significantly

April 13, 2025April 13, 2025 - by Aisha Khoury - Leave a Comment

In 2024, Nigeria’s debt servicing to the World Bank and IMF rose to $2.32 billion, a sharp increase from $998.92 million in 2023. Payments to multilateral creditors accounted for 56% …

Nigeria’s Debt Servicing to World Bank and IMF in 2024 Surges Significantly Read More
Business / economics

Argentina and the IMF: A Turbulent Financial Relationship

April 13, 2025April 13, 2025 - by Victor Santos - Leave a Comment

Argentina has a complex relationship with the IMF, having participated in numerous financial programs totaling over $177 billion since 1958. The nation recently secured a new $20-billion program to tackle …

Argentina and the IMF: A Turbulent Financial Relationship Read More
Business / economics

Nigeria Gains Temporary Trade Relief Amidst U.S. Tariff Adjustments

April 12, 2025April 12, 2025 - by Maya Chowdhury - Leave a Comment

Nigeria benefits from a temporary 10% tariff, shielding its oil exports from impacts amid U.S. trade tensions. Finance Minister Wale Edun emphasizes minimal effects on Nigeria’s economy due to its …

Nigeria Gains Temporary Trade Relief Amidst U.S. Tariff Adjustments Read More
Business / Companies / economics

Argentina Lifts Currency Controls in Preparation for IMF Agreement

April 12, 2025April 12, 2025 - by Ravi Patel - Leave a Comment

Argentina is removing key currency controls, allowing the peso to fluctuate freely ahead of a $20 billion IMF agreement. This policy shift includes eliminating significant restrictions on foreign currency access …

Argentina Lifts Currency Controls in Preparation for IMF Agreement Read More
Business / Companies

Nampak Sells Majority Stake in Zimbabwe Division to TSL Amid Economic Challenges

April 11, 2025April 11, 2025 - by Victor Santos - Leave a Comment

Nampak is selling a 51.43% stake in its Zimbabwean unit to TSL for $25 million, pending certain conditions. TSL will make a mandatory offer to remaining shareholders. The divestment aligns …

Nampak Sells Majority Stake in Zimbabwe Division to TSL Amid Economic Challenges Read More
Business / economics

Brazil Indigenous Camp: A Vanguard for Indigenous Rights and Advocacy

April 11, 2025April 11, 2025 - by Liam O'Sullivan - Leave a Comment

The Brazil Indigenous Camp focuses on the rights of indigenous peoples, especially during Terra Livre, serving as a platform for advocacy and collective action. It unites various indigenous communities to …

Brazil Indigenous Camp: A Vanguard for Indigenous Rights and Advocacy Read More
Business

Understanding Cryptocurrency Taxation in Nigeria: A Comprehensive Overview

April 11, 2025April 11, 2025 - by Aisha Khoury - Leave a Comment

Nigeria is a growing center for cryptocurrency engagement, necessitating awareness of tax obligations. The Federal Inland Revenue Service (FIRS) and Securities and Exchange Commission (SEC) govern the taxation of crypto …

Understanding Cryptocurrency Taxation in Nigeria: A Comprehensive Overview Read More
Business / motorsport

Michael Jordan’s 23XI Racing Pursues F1 Financial Data for NASCAR Antitrust Case

April 10, 2025April 10, 2025 - by Ravi Patel - Leave a Comment

Michael Jordan’s 23XI Racing seeks F1 financial data to bolster its antitrust case against NASCAR. They aim to examine revenue sharing and governance models to compare with NASCAR’s charter agreements. …

Michael Jordan’s 23XI Racing Pursues F1 Financial Data for NASCAR Antitrust Case Read More

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