Business

Nigeria’s Central Bank Implements Interest Rate Hike Amidst Economic Challenges
- By Adeyinka Arutu
- . July 25, 2023
In a move to address inflationary pressures and sustain the economy, the Monetary Policy Committee (MPC) of the Central Bank

NNPC Implements Bold Cost-Cutting Strategy: Merges Subsidiaries to Boost Profitability
- By Adeyinka Arutu
- . July 21, 2023
In a strategic move to streamline operations and enhance profitability, the Nigerian National Petroleum Company Limited (NNPCL) has taken significant

Federal High Court Threatens Arrest Warrant for Suspended CBN Governor Over $53 Million Debt
- By Adeyinka Arutu
- . July 20, 2023
In a recent development at the Federal High Court in Abuja, the suspended Governor of the Central Bank of Nigeria

Landmark Ruling: Ecobank Ordered to Pay Honeywell Flour Mills N72.2bn in Damages
- By Adeyinka Arutu
- . July 19, 2023
The Federal High Court in Lagos has delivered a significant ruling, compelling Ecobank Nigeria to pay a staggering sum of

Nigeria’s Inflation Rate Moderately Rises to 22.79% in June 2023, Surprising Analysts
- By Adeyinka Arutu
- . July 18, 2023
Nigeria’s inflation rate experienced a moderate increase, reaching 22.79% year-on-year in June 2023, surpassing analysts’ expectations. This rise comes amidst

Rising Inflation Triggers Surge in Cement Prices, Alarming Builders Nationwide
- By Adeyinka Arutu
- . July 17, 2023
In response to soaring inflation rates, distributors nationwide have recently implemented substantial price increases for cement and related products, causing

Access Bank Acquires Standard Chartered Bank’s Subsidiaries in Africa, Expanding Its Presence in the Region
- By Adeyinka Arutu
- . July 15, 2023
Access Bank Plc and Standard Chartered Bank have announced a significant agreement for the acquisition of Standard Chartered’s subsidiaries in

Central Bank of Nigeria Implements Term Limits for Bank Executives, Aims to Enhance Corporate Governance
- By Adeyinka Arutu
- . July 15, 2023
The Central Bank of Nigeria (CBN) has announced significant changes to the tenure of bank executives, with a new regulation

Flutterwave Launches Tuition: Revolutionizing African Students’ Education Payments
- By Adeyinka Arutu
- . July 11, 2023
Africa’s leading payments technology company, Flutterwave, has unveiled Tuition, an innovative payment product designed to facilitate convenient fee payments for

Prominent African Advocate Tony Elumelu Joins King Charles III and President Joe Biden at Climate Finance Mobilisation Forum
- By Adeyinka Arutu
- . July 11, 2023
Heirs Holdings Chairman, Tony Elumelu, has been invited to participate in the Climate Finance Mobilisation Forum alongside King Charles III