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The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to get a handle on the country’s persistent inflation. The CBN’s hawkish stance on inflation had become obvious from the first MPC meeting held in February, when the committee raised […]
Additional reports: Dare Olawin, Bankole Taiwo, Peter Dada, and Adeyinka Adedipe The National Assembly and the 36 state assemblies of the federation as well as their agencies will spend about N724bn this year, an analysis of their 2024 budgets by The PUNCH has shown. Further findings also showed that the salaries and allowances for […]
Directors and key management personnel of Deposit Money Banks borrowed about N549bn from their financial institutions in five years. This is according to The PUNCH analysis of the banks’ annual reports filed with the Nigerian Exchange Limited between 2019 and 2023. However, the banks’ loans and advances to some directors and key management personnel as […]
A virus affecting cacao trees in West Africa may endanger the world’s supply of chocolate, which is derived from the seeds of the tree. About 50% of the world’s chocolate comes from West Africa, mainly from the countries of Ghana and Cote d’Ivoire, but the spread of cacao swollen shoot virus disease (CCSVD) in recent […]
The U.S. Department of Transportation announced on Wednesday that airlines will now be required to automatically provide refunds to passengers when a flight is canceled or significantly delayed. Airlines will also be required to provide refunds for significantly delayed checked bags or failing to provide extra services that the passenger purchased, a news release from the […]
The negative trading trend continued to dominate the Nigerian exchange on Wednesday, resulting in a N673 billion decrease in the wealth of investors. During the middle of the week's trading, the All-Share Index dropped by 1.20 percent or 1,190.24 points to 98,121.30, further reducing the year-to-date return to 31.22 percent. Similarly, the market capitalisation of listed equities decreased by […]
The WWE and UFC owner revealed the executive’s compensation in its proxy filing released on Wednesday.
Shares of China’s Sichuan Baicha Baidao, also known as ChaPanda, saw a steep decline in its debut on the Hong Kong Stock Exchange despite raising over $330 million in its initial public offering (IPO).
IPO and market debut: ChaPanda’s shares were initially priced at 17.50 Hong Kong dollars ($2.23) each, marking the city’s largest IPO so far in 2024. But on Tuesday, they opened 10.1% lower and closed 26.9% lower at 12.80 Hong Kong dollars ($1.63).
Fandango marketing chief Stephanie Terifay has been hired as AMC's new VP of Distribution.
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