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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 […]
Four directors of United Bank for Africa have acquired about 42,336,281 units of the banking group shares valued at N1.12bn in transactions on the Nigerian Exchange Limited. This was disclosed in corporate notices on directors dealing filed with the NGX late Wednesday. The securities of UBA had led the volume chart of the NGX in […]
The theater chain recorded $951 million in revenue and reduced its net losses by 72% to $163.5 million
The naira decreased slightly on Wednesday at the official market, and it was valued at N1,421.06 for one dollar. Information from the FMDQ Exchange's official trading platform, which manages the Nigerian Autonomous Foreign Exchange Market, indicated that the naira reduced by N4.49. This shows a 0.31 per cent decrease compared to the previous trading […]
ZeroHedge is reporting “in what seems to be the most recent legal attack against Elon Musk (and his platform allowing freedom of speech), President Biden’s Department of Justice is looking into whether Tesla engaged in securities or wire fraud by deceiving investors and consumers about its electric vehicles’ self-driving abilities. “Tesla’s Autopilot and Full Self-Driving […]
Digital subscription revenues ticked up 13% to $293 million
Boeing Scraps Rocket Launch Due to Defective Valve
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