Nigerians’ stampede for dollars showed no sign of abating on Friday, with the naira falling to another record low even as the central bank announced newly nominated Governor Olayemi Cardoso will take over in an acting capacity.
(Bloomberg) -- Federal Reserve Governor Michelle Bowman signaled that she favors raising interest rates again and probably more than once, suggesting she would move more aggressively than her US central bank colleagues to quash inflation.
A federal judge ordered the Biden administration to expand next week’s Gulf of Mexico oil lease sale, saying officials appear to have weaponized the Endangered Species Act by yanking 6 million acres off the auction block.
(Bloomberg) -- Citadel Securities broke rules for labeling short sales and may have incorrectly marked millions of trade orders over a five-year span, according to the Securities and Exchange Commission.
Russia sees surging oil and gas revenues helping to replenish its National Wellbeing Fund in the next three years, even as it plans massive hikes in defense spending for its war in Ukraine and wrestles with a price cap on crude sales imposed by Kyiv’s allies.
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