Friday, November 22

Business

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 […]

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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 […]

Dallas could soon be home to the world’s largest artificial intelligence supercomputer — and it's no surprise that Microsoft wants to be a part of it. Microsoft revealed on Monday that it plans to invest $1.5 billion in G42, a leading technology holding company based in the United Arab Emirates (UAE) that is […]

Mortgage rates in the United States have hit their highest level since November 2023, a problem that is expected to worsen as the Fed struggles to combat stubbornly high inflation. The average 30-year fixed-rate mortgage in the United States touched 7.50% on Tuesday, marking the highest rate in five months, data from Mortgage News Daily […]

Pesky regulations couldn’t stop a local restaurant owner from opening up her business and becoming a pivotal part of the community. Cooking the perfect blend of Southern-style comfort can be a challenge for many restaurants. Still, Mama Gina’s in Fort Worth nails it with a high-quality menu, a welcoming environment, and the best blackened catfish, […]

Dr Adesola Adeduntan, the Managing Director of First Bank Nigeria Limited, has submitted his resignation. Adeduntan’s exit signifies the conclusion of his nine-year term, during which he supervised the bank’s operations and strategic direction for three periods. First Bank is preparing to reveal Adeduntan’s replacement, who will lead the bank’s expansion efforts amid intense competition […]

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