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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 […]
The investment firm approximates that the sports and entertainment big company has a total value of $25 billion
Transcorp Hotels, the hospitality company under Transnational Corporation Plc (Transcorp Group), announced on Tuesday that its revenue performance rose to N41.5bn in 2023, demonstrating exceptional performance and achieving new profit records. The company revealed in a press release on Tuesday that it had filed its full-year audited results with the Nigerian Exchange, indicating a new revenue record.
The senior executive officer and co-president at Advance are stepping down after revealing a DOJ investigation into their board memberships
The filing also cautions shareholders that the involvement and stake of the former president in the company could make it more vulnerable to risk.
The Centre for the Promotion of Private Enterprise has supported the recent move by the Central Bank of Nigeria to recapitalize banks. The Chief Executive Officer, Dr. Muda Yusuf, revealed this in a statement on Monday. He noted that the purpose of adequate capitalization is to ensure the efficiency and stability of […]
Earlier this month, Alex van Hoekelen surveyed a vast indoor greenhouse space in his family’s Hazleton area business containing acres of flowers in varying stages of growth.
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