![Ajaypal Singh Banga (born November 10, 1959[1]) is an Indian-born American business executive.](https://am-business.s3.eu-west-1.amazonaws.com/2023/03/licensed-image-860x573.jpeg)
US tips ex-Mastercard CEO to become World Bank chief
The Treasury Secretary of the United States, Janet Yellen, has said she anticipates that the former CEO of Mastercard, Ajay Banga, will become the president of the multilateral development bank,…
Petrol will cost below N500 after subsidy removal – PENGASSAN
The president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has predicted that if the fuel subsidy is removed, petrol will be sold for less than…
Investors hopeful Alibaba split may end China’s regulatory scrutiny
Alibaba's business split raises the hopes of Investors resulting to a surge in the company's stock price and other similar companies. According to Reuters, they saw this as a positive…
SoftBank shares rise after Alibaba split
SoftBank Group Corp's shares rose on Wednesday after Alibaba Group announced a major restructuring plan. SoftBank has a 13.7% stake in Alibaba. Reuters reported that SoftBank's shares increased by 5.6%…
Chinese bank rejects FG’s loan request – Reps
The House of Representatives on Tuesday revealed that China Development Bank, has rejected a loan request of $973,474,971.38 from Nigeria. According to The PUNCH, this came after…
Naira scarcity: Petrol stations rejecting PoS face sanctions, Ekiti warns
In response to the current cash scarcity in Nigeria, the Ekiti government has issued a warning to filling stations that refuse to accept Point-of-Sale transactions, according to the News Agency…
How Nigeria’s stock market shares dropped 1.2% – Report
The Nigerian Exchange Ltd. on Tuesday experienced a further decline in market indices by 1.2 per cent, continuing the trend of negative investment sentiments. The News Agency of Nigeria reported…
Airtel commissions Gombe’s largest primary school
Airtel Nigeria, a telecommunications company, announced the opening of its seventh adopted school, Government Day Primary, as part of its 'Adopt-A-School' corporate social responsibility initiative. According to a statement released…
Senate extends 2022 budget implementation
The Senate has extended the implementation period of the capital component of the 2022 budget until June 30, 2023, instead of the initial deadline of March 31. The Punch reported…
Gold prices rise as US dollars dip
Gold prices edged higher on Tuesday, despite the presence of higher bond yields and waning fears of a banking crisis, Reuters reported. The weaker US dollar lent support to the…
EU approves law to end CO2 emitting cars
The energy ministers of European Union countries on Tuesday granted their final approval for a groundbreaking law that would put an end to the sale of new cars emitting CO2…
Alibaba to split business into six units
Alibaba Group Holding Ltd has on Tuesday announced it plans to divide its business into six main units that will focus on e-commerce, media, and cloud. According to Reuters, the…
