The Central Bank of Nigeria (CBN) has dismissed a viral document purportedly approving a $46 billion grant to a development centre, describing it as fake.
Business
At 20, Aaron Levie Cold-Emailed Mark Cuban for Funding — The Bet Became a $4.6bn Company
Today, cloud storage and file-sharing company Box is valued at about $4.6 billion, but its early survival was far from guaranteed. Two decades ago, Levie was a student at the University of Southern California, developing an idea for online data storage from his dorm room alongside co-founders Dylan Smith, Sam Ghods and Jeff Queisser.
Iran’s Pezeshkian Calls for National Unity as US Economic Pressure Deepens
Iranian President Masoud Pezeshkian has called for greater national unity as Tehran faces intensifying economic pressure from the United States, warning that sanctions, military confrontation and economic hardship could create conditions for renewed unrest.
Africa Could Lose Up to $20 Billion as ‘Super’ El Niño Threatens Economies, Food Security and Millions of Livelihoods – AfDB
Africa could suffer economic losses of between $10 billion and $20 billion if forecasts of an exceptionally powerful El Niño weather event materialise, according to the African Development Bank (AfDB), which has warned that the phenomenon could trigger widespread humanitarian crises, economic disruption and large-scale migration across the continent.
U.S. Gripped by Triple-Threat Weather Extremes: Wildfires, Smoke, and Flooding
A chaotic confluence of extreme weather is ravaging the United States this week as the country simultaneously battles a smoke-choked East, catastrophic flooding in the South, and a rapid escalation of wildfires across the West.
US, Canada Reach Agreement as $4.7bn Gordie Howe Bridge Set to Open on July 27
The cross-border bridge, which links Detroit, Michigan, with Windsor, Ontario, had originally been scheduled to open in June but was delayed following concerns raised by the administration of U.S. President Donald Trump over the financial terms governing the project.
First HoldCo Dominates Trading as NGX Gains N962bn on Banking Rally
The Nigerian Exchange (NGX) closed higher for another consecutive session, with the All-Share Index (ASI) advancing by 0.62 per cent to 243,958.73 points, up from 242,459.98 points recorded in the previous session. The latest rally pushed the market’s year-to-date return to 56.77 per cent, reflecting continued investor confidence despite broader economic uncertainties.
French Funeral Homes Overwhelmed as Heatwave Death Toll Continues to Climb
Funeral homes across France are struggling to cope with a sharp rise in deaths linked to the country’s severe heatwave, as officials report at least 1,000 excess deaths over just five days and warn the final toll is expected to increase.
WhatsApp Introduces Usernames, Allowing Chats Without Sharing Phone Numbers
WhatsApp is introducing a new username feature that will allow users to connect and chat without revealing their phone numbers, marking one of the platform’s biggest privacy updates in recent years.
Netflix Stock Plummets to 2-Year Low as M&A Ambitions Spook Wall Street
Netflix continues to turn in fundamentally sound, expectation-beating balance sheets, yet its stock is mired in a severe downward spiral. Shares of the streaming titan have crashed to their lowest level in nearly two years, extending a prolonged market correction that has wiped out billions in shareholder value since its April earnings call.