Another Rate Hike Looms for Nigeria as Inflation Quickens, Naira Slides
Nigeria’s inflation rate climbed for a 16th consecutive month in April, driven by a threefold increase in electricity tariffs and higher transport costs.
Nigeria’s inflation rate climbed for a 16th consecutive month in April, driven by a threefold increase in electricity tariffs and higher transport costs.
The California State Teachers’ Retirement System, the nation’s second-largest public pension fund, named Scott Chan as its chief investment officer, providing an in-house successor to veteran Chris Ailman.
Federal Reserve Bank of Minneapolis President Neel Kashkari repeated the central bank likely needs to keep interest rates at the current level for “a while longer,” and questioned how much they’re restraining the US economy.
Brazil President Luiz Inacio Lula da Silva shook up the leadership of the nation’s state-owned oil company, firing the chief executive officer and one of his top deputies after months of sparring.
Darling Ingredients Inc., a major US producer of renewable diesel, defended imports of used cooking oil as a feedstock to produce climate-friendly fuels.
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