Thursday, November 21

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 […]

Rivers State Governor, Siminalayi Fubara, has said that the pressure mounted by the political crisis in the state has been weathered sufficiently, allowing his administration to provide focused leadership and governance to the people. Fubara made this statement during a courtesy visit from the House of Representatives Committee on Public Petitions at Government House in Port Harcourt on Saturday.

LONDON — Toothbrushes used to be simple, powered only by your hand so they never broke down. Nowadays, rechargeable electric toothbrushes are increasingly popular because they make brushing easier and more effective, but they are a headache when they stop working properly.

Federal Reserve Chair Jerome Powell announced on Wednesday that current interest rates would remain at 5.3% and would not likely change soon due to stubbornly high inflation. “My colleagues and I remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American people,” Powell said at a press conference […]

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