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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 […]
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 […]
Nigeria's second-biggest telecom company, Airtel Africa Plc, has revealed a $89m post-tax loss for the full year ending in March 2024, blaming a substantial $549m foreign exchange loss. The company said in its report released on Thursday that the loss was caused by the devaluations of the Nigerian naira in […]
In acknowledgment of Texas’ strong economy, Gov. Greg Abbott has officially declared this week as Economic Development Week in Texas. This proclamation aims to emphasize the important role played by local, regional, and statewide economic development groups in strengthening Texas’ economy, creating jobs, and improving the lives of Texans, according to […]
Panera Bread is removing its Charged Lemonade from the menu following claims that the popular highly-caffeinated drink contributed to the deaths of two people and caused heart problems in a third person who was hospitalized. “We listened to more than 30,000 guests about what they wanted from Panera, and are focusing next on the […]
ByteDance, the parent company of the popular video-sharing platform TikTok, has filed a lawsuit in a U.S. appeals court seeking an injunction against a recent law. As covered in The Dallas Express, Congress passed a law last month requiring the divestment of the Chinese-owned app or else face a nationwide ban. The legislation specifically singles […]
TikTok is suing the U.S. government in a last-ditch effort to block a new law that could result in its complete ban in the country.
Key points:
Stakeholders in the cryptocurrency industry have called on Binance to reveal the identity of the government officials who asked for bribes. The stakeholders also demanded that Binance provide evidence of its bribery claims. Local crypto stakeholders told Cointelegraph that the bribery allegation from Binance could negatively affect the country’s image if not handled properly. The […]
