JUST IN: MPC Raises Interest Rate To 22.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark…
Day: February 27, 2024
Widow’s $1 Billion Surprise Gift: Bronx Med Students’ Tuition Covered Forever
When Ruth Gottesman’s husband passed away in 2022, she discovered a surprise: $1 billion in Berkshire Hathaway stock left by…
Fire Incident at FCMB Office in Lagos Island
First City Monument Bank (FCMB) confirmed a fire incident on Monday, February 26, on the 7th floor of its office…
Foreign Investors Pause Nigerian Investments Over Naira Volatility
Foreign investors are holding back on new investments in Nigeria, awaiting stability in the country’s currency, the naira. A projected…
Civil Society Leaders Urge Halt to Shell Petroleum Sale in Nigeria
A coalition of civil society leaders has united in a call for the cessation of the sale of Shell Petroleum…
Lord Jacob Rothschild, a Renowned Financier Passes Away at 87
Lord Jacob Rothschild, a prominent financier and member of the esteemed Rothschild banking family, has passed away at the age…
FEC Approves Construction Of Lagos-Calabar Coastal Highway
During a session chaired by President Bola Tinubu, the Federal Executive Council (FEC) has given the green light for the…
Alphabet’s Stock Faces $90 Billion Market Value Fall
Alphabet, the parent company of Google, witnessed a significant downturn on Monday, shedding approximately $90 billion in market value due…
Tinubu Orders Full Implementation of Oronsaye Report
President Bola Tinubu, on Monday, directed the comprehensive implementation of the Oronsaye report, a significant step towards reforming Nigeria’s public…
Don Jazzy Acquires Majority Stake in Mavin Global
“Universal Music Group (UMG) has finalized the acquisition of a majority stake in Mavin Global (Mavin), a renowned music company…
Nigeria’s Economy Grapples with FX Market Distortions
Nigeria’s economy confronts formidable challenges stemming from global shocks, fiscal mismanagement, and a distorted foreign exchange (FX) market. Over the…
FG Proposes 20% Tax on Sugar Beverages, to Combat Overconsumption
The Federal Government has unveiled plans to introduce a 20% tax on Sugar-Sweetened Beverages (SSBs) as a proactive measure to…
Naira Sees Mixed Fortunes in Official Exchange Rate
On February 26, 2024, the Nigerian Naira witnessed a notable appreciation against the US dollar, with the official exchange rate…
FBN Holdings Emerges as Nigeria’s Most Capitalized Bank
On Monday, February 25th, 2024, FBN Holdings, Nigeria’s oldest bank, achieved the distinction of becoming the most capitalized bank in…
Mark Zuckerberg Discusses AI with Japanese Prime Minister
Mark Zuckerberg, the CEO of Meta Platforms, engaged in discussions about artificial intelligence (AI) with Japanese Prime Minister Fumio Kishida…
Bitcoin Tops $57 000 as Large Players Enter Market
Bitcoin reached a two-year high on Tuesday, driven by indications of significant investments from major players in the cryptocurrency market.…
Russia Implements Six-Month Ban on Gasoline Exports
In a bid to stabilize prices amidst rising demand from consumers and farmers, Russia has announced a six-month ban on…