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Finance & Markets

Lyft reports Q3 revenue up 8% YoY to $1.82B, vs. $1.92B est., and a net loss of $0.03 a share, vs. an est. profit of $0.20 a share; LYFT drops 8%+ after hours (Kelly Cloonan/Wall Street Journal)

However, the ride-hailing platform's top and bottom lines were dented by legal, tax and regulatory reserve changes and settlements

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CBN Report: Fiscal Deficits Impacts Naira, Spikes Interest Rates

■Says fiscal expansion remains major source of exchange rate instability ■Study advocates legally binding fiscal rule establishing a ceiling for budget deficits relative to gross domestic product…

  • Persistent budget deficits weaken Nigerian naira, causing exchange rate volatility
  • Fiscal imbalances complicate interest rate control, strain monetary stability
  • Study recommends fiscal rules, stabilization fund, strategic reserve management

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