AGS NEWS – Europe’s largest bank, HSBC, has announced a significant increase in its pre-tax profit, reaching $30.3 billion (£24 billion) in 2023. The surge in profits was fueled by the impact of high interest rates, as central banks globally … Continue reading HSBC reports high pre-tax profits driven by high interest rates
The Nigerian naira experienced a slight uptick against the US dollar on Tuesday, climbing to N1,499/ from its previous record low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This represents a 2.3% increase or N35, as reported … Continue reading Naira strengthens officially but weakens to N1500/$ in parallel market
Car dealers are attributing the seizure of 533 vehicles with a duty paid value of N2.92 billion by the Nigeria Customs Service between January and November 2023 to the exorbitant duty rates imposed on clearing imported goods, particularly vehicles. Dealers … Continue reading Customs seizes N2.9b worth of vehicles as dealers point to excessive duty rates
Asian shares dipped to their lowest levels in nine months on Thursday, while the dollar reached a two-month peak, reflecting concerns about China’s sluggish economic rebound and apprehensions that the Federal Reserve might still hike interest rates, leading to investor … Continue reading Asian stocks slips to 9 month lows amid concerns about China’s economy and US interest rates
AGS NEWS 