Bank borrowing from the CBN hits N10.35tn
Banks in Nigeria appear to be increasingly reliant on the Central Bank of Nigeria, for liquidity as borrowings from the apex bank hits N10.35 trillion. According to Vanguard, CBN data show that the banks…
Group raises $25bn to combat climate change
In order to help 100 million people in emerging markets and developing countries fight climate change, the Private Infrastructure Development Group has pledged to deliver $9 billion in commitments and…
Staff audit: Disregard BVN, account statement section, Osun NLC tells workers
By Wilson Adekumola The Osun State Government have told the civil servants that bank statements of account and Bank Verification Number, requested for in the ongoing staff audit exercise…
Samsung sues Chinese rival BOE for patent infringement
South Korea's renowned technology giant, Samsung Display, has initiated legal proceedings against Chinese competitor BOE Technology, alleging infringement of five patents related to displays used in mobile devices, including Apple's…
UN to host “AI for Good Global Summit”
The United Nations is leading the charge in convening a monumental gathering this week, bringing together influential voices from across the globe to chart the course for artificial intelligence and…
Meta to unveil Twitter-like ‘Threads’ app
In response to Twitter's recent limitations, Meta Platforms, formerly known as Facebook, is gearing up to launch Threads, a microblogging app. The move is to provide an alternative platform for…
Stakeholders honour FCMB founder with ‘mock trading session’
Chartered Institute of Stockbrokers, Nigerian Exchange Limited, and other market participants organized a simulated trading session and closing gong ceremony on Monday, in memory of the founder of FCMB Group, the late…
Nigeria’s inflation may hit 30%, Bank of America warns
The Bank of America has cautioned that the Central Bank's Monetary Policy Committee may need to raise interest rates by at least 700 basis points by the end of the year to…
Russia to reduce oil exports by 500,000 BPD in August – Report
Russia's top energy official declared on Monday that the country will voluntarily reduce oil exports by 500,000 barrels per day, adding to already planned output restrictions. "Russia will voluntarily reduce its…
Mexico investigates digital goods monopoly
Alex Omenye Mexico's antitrust watchdog has begun an inquiry into potential monopolistic practices in the market for the sale and development of digital goods and services, as well as related…
Raw sewage treatment not a threat to FCT – AEPB
Residents of FCT have been assured by the Abuja Environmental Protection Board that no diseases will spread as a result of the sewage treatment program. The News Agency of Nigeria said this promise was given…
Sanwo-Olu reappoints Akosile as Chief Press Secretary
Gboyega Akosile has been reappointed as the Chief Press Secretary for Lagos State Governor Babajide Sanwo-Olu. The Punch reported that the Head of Service, Mr. Hakeem Muri-Okunola, made the announcement in…
