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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 […]
David Ellison’s media company plans to inject $4.5 billion into the studio if the deal is finalized
Queues for petrol grew worse in Abuja, Nasarawa, and Niger states on Thursday, as NNPC blamed logistics issues, but stated that it had been resolved. Petrol remained scarce in the Federal Capital Territory on Thursday.
TikTok CEO Shou Zi Chew is pushing back against a new regulation that might require TikTok to be sold or result in the app being prohibited in the U.S.
Key points:
The network reached a multiyear deal after showing Miss USA in 2023
A new lawsuit filed by the U.S. Chamber of Commerce could reverse federal authorities’ decision to ban employers from requiring noncompete agreements in most contracts. When the Federal Trade Commission (FTC) issued its final rule to ban noncompete clauses nationwide on Tuesday, the intention was that it would protect workers’ fundamental freedom to change jobs, […]
The Managing Director of Moniepoint MFB, Babatunde Olofin, has emphasised the significance of microfinance banks in propelling financial inclusion in Nigeria. Olofin made this declaration during the official opening of Moniepoint MFB’s new office on Admiralty Road in the Lekki area of Lagos. “This expansion marks a significant step following the relocation of the MFB […]
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