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30.07.2024 11:47
Diageo Sales Fall But Return to Growth Targeted Spirits maker Diageo said a weak performance in North America and Latin America dragged sales lower in the last fiscal year, but that it was taking measures to return to growth once the consumer environme ...

30.07.2024 12:30
Understanding Nigeria’s Currency Slump, and What Happens Next With its oil wealth, Nigeria should be awash with foreign currency. But years of economic mismanagement have left the country with a debilitating shortage of dollars. In an attempt to fix the problem, President Bola Tinubu relaxed longstanding foreign exchange restrictions shortly after taking office in May 2023. The local naira currency, pegged for years at an artificially high level against the dollar, has since fallen 70%. Tinubu’s goal was to trigger an influx of foreign capital and eventual