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Category: Business
IMF Says Central Banks Should Not Rush Into Rate Cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move “slightly” too…
CBN orders banks to sell excess dollars in 24 hours
•Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise the nation’s volatile exchange rate,…
BREAKING: First Bank Holdings appoints Otedola board chairman
The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Otedola, who…
PayPal to cut 25,000 jobs in 2024
A fintech company, PayPal Holdings Inc, has announced plans to cut about 9 per cent, or about 2,500 jobs of its global workforce in 2024….
NIN/BVN: Opay to log out accounts by March 1
OPay, a leading financial technology company, said yesterday it has taken various measures to deepen the integrity and credibility of its platform, disclosing that as…
Naira Undervalued, Inflation To Drop To 21.4% In 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has declared that the Nigerian naira is undervalued, promising to expedite the discovery of…
CBN To Hold First MPC Meeting Under Cardoso In February
The Central Bank of Nigeria (CBN) says its Monetary Policy Committee will hold its first meeting under the tenure of Mr. Olayemi Cardoso as Governor…
Dangote refinery begins diesel, aviation fuel production
Dangote Petroleum Refinery has commenced the production of diesel and aviation fuel. However, the refinery has yet to produce Petroleum Motor Spirit, otherwise known as…
Council plans subsidised foodstuffs for residents
The Orile-Agege Local Council Development Area of Lagos State says the second batch of the distribution of subsidised food items to the underprivileged will commence…
Dangote ranks second best performing Sub-Saharan African company
Dangote Group has emerged as the second-best performing company in Sub-Saharan Africa in 2023. In a report compiled by African Financials, the business consultancy firm,…