Walmart Ditches Capital One as Credit Card Issuer After Service Issues
Walmart is severing its partnership with Capital One, which issued its store-branded credit cards since 2019. This decision comes after…
Day: May 24, 2024
Lilly invests further $5.3 bln in new Indiana site as obesity drug demand soars
Eli Lilly is making a massive investment to address surging demand for its weight-loss and diabetes drugs, Zepbound and Mounjaro.…
US equity funds see massive weekly inflows on rate cut expectations
US equity funds saw a significant inflow of capital in the week ending May 22nd. This surge, totaling $9.9 billion,…
US Stocks Mixed: Tech Buoyed by Nvidia, But Inflation Worries Drag on Gains
US stocks opened higher on Friday, but the rally looks unlikely to sustain as the week draws to a close.…
Exiled Chinese Businessman Miles Guo Faces Fraud Trial in New York
Miles Guo, a Chinese businessman living in exile, is set to go on trial in Manhattan for allegedly defrauding investors…
Fed Governor Hints at Higher Borrowing Costs
Federal Reserve Governor Christopher Waller has sparked discussions about a possible change in the interest rate environment. R-star, a theoretical…
Brazil’s Petrobras approves Chambriard as new CEO
Brazil’s state-owned oil giant Petrobras has a new leader: Magda Chambriard. Her appointment follows the unexpected dismissal of previous CEO…
CBN’s 26.25% interest rate will compound high cost of doing business in Nigeria – MAN
The Manufacturers Association of Nigeria (MAN) is expressing strong concerns over the Central Bank of Nigeria’s (CBN) recent decision to…
Landmark Beach Demands N42 Billion Compensation After Demolition
The management of Landmark Beach is seeking N42 billion in compensation from the Nigerian Federal Government following the demolition of…
Government Invests N110 Billion in Young Entrepreneurs
The Nigerian government has announced a significant investment in young entrepreneurs. The Federal Executive Council (FEC) approved N110 billion allocated…
Nvidia Co-Founder Surpasses Walmart Waltons in Wealth
Jensen Huang, co-founder of Nvidia, has become a symbol of the booming tech industry’s growing influence. Thanks to Nvidia’s strong…
AfDB Pours $1.44 Billion into Nigeria’s Infrastructure Development
The African Development Bank (AfDB) is stepping up its support for Nigeria’s infrastructure needs with a significant investment of $1.44…
Social economic problems may push 51.6% males to migrate — NBS survey
A new report by the National Bureau of Statistics (NBS) paints a concerning picture of potential migration trends in Nigeria.…
Prices of basic food items rise 140% — NBS
Nigerians are facing a significant rise in food prices, according to the latest report by the National Bureau of Statistics…
Dangote Calls for More Investment in Africa’s Industries, Not Just Resources
Aliko Dangote, president of Dangote Industries Limited, is urging increased investment in African industries. Speaking at the Africa CEO Forum…
Kerosene Prices Jump to N1,439.64/ltr: North Central Hit Hardest
The cost of kerosene, a vital fuel for many Nigerian households, has risen significantly. According to the National Bureau of…
Manufacturer’s Confidence on the Rise in Nigeria
Nigeria’s manufacturing sector is showing signs of optimism for the first time in nearly two years. A survey by the…
Ajaokuta steel revival attracts $10 billion investment, says Minister Audu
There’s good news for Nigeria’s steel industry! The government has reportedly secured potential investments totaling $10 billion to revitalize the…