Adani Group, Owned By World’s Third Richest Man, Has Been Accused Of Account Manipulation
The shares of the Indian conglomerate Adani Group plummeted on Wednesday morning after activist investing company Hindenburg Research accused it…
Day: January 25, 2023
Federal Government of Nigeria Seeks Collaboration On Gas and Electric Trains
The Federal Government has disclosed that it was in talks with investors on how to power Nigeria’s trains with electricity…
A Microsoft Cloud Outage Affects Users Globally.
Microsoft Corp (MSFT.O) was hit with a networking outage that took down its cloud platform Azure along with services such…
The NPC has Begun Training for the 2023 Census.
The National Population Commission has begun training functionaries for the 2023 population and housing census, which will take place from…
Nigeria: Crisis Looms as Interest Rate Hikes.
Members of the country’s organized private sector have called the latest increase in the country’s benchmark interest rate an unfortunate…
CBN Disburses N114.17 billion Under the 100-for-100 Policy.
Since the start of the intervention, the Central Bank of Nigeria has disbursed N114.17 billion to beneficiaries under its 100-for-100…
Bank Lending to Customers Reaches 29.13%.
As of the end of December 2022, the maximum lending rate in the banking sector was 29.13 percent, while savings…
Stock Investors Lose N24 billion as Lending Rates Rise.
The Nigerian stock market reacted sharply to the interest rate hike, with market capitalisation rapidly falling in comparison to the…
Dangote Cement Appoints New CEO.
Arvind Pathak has been appointed as the new Chief Executive and Managing Director of Dangote Cement Plc. The new CEO’s…
Mafab has Launched its 5G Network.
Following Mafab Communications’ rollout of 5G services in Abuja, fifth-generation technology penetration is expected to rise in Nigeria. This follows…
3M to Lay off 2,500 Workers and Forecasts a Weak First Quarter as Demand Falls.
3M Co (MMM. N) said it would lay off 2,500 workers in manufacturing and forecast a bleak first quarter as…
CBN Promotes e-payments Ahead of Deadline for New Naira Notes.
As the Central Bank of Nigeria’s deadline for the old and new currency notes on January 31, 2023 approaches, the…
Bank of Ghana Plans to Raise Interest Rates by 175 Basis Points.
The Bank of Ghana, which is grappling with runaway inflation, is expected to deliver another significant interest rate hike at…