US business inventory declines first time in two years
U.S. business inventories declined for the first time in close to two years in January, possibly setting the stage for inventory investment…
Business
Nigeria’s inflation rate hits 21.91%
The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to 21.91%. The increase in inflation rate accounts…
BMW projects EVs to hit 50% of sales in 2030
The automaker, BMW said on Wednesday it projects over 50% of new sales to be all-electric vehicles well ahead of its 2030…
Banks slash travel allowance, foreign school fees over FX shortage
Deposit Money Banks have slashed the amount their customers can apply for Personal Travel Allowance and schools fees as the foreign exchange…
Foreign airlines stranded funds hit $743m
The International Air Transport Association revealed on Tuesday that the foreign airline funds trapped in Nigeria have increased from $662m in January…
CBN holds MPC meeting March 20, 21
The Central Bank of Nigeria has on Tuesday announced the date for its 290th Monetary Policy Committee meeting. According to the announcement,…
US firm launches $30m fund for women-owned startups
Los Angeles Cleantech Incubator has launched a second fund and it’s supported by the former California Governor Arnold Schwarzenegger. The aim of…
Lagos airport runway shutdown mustn’t exceed eight weeks – Stakeholders
The Federal Airports Authority of Nigeria have been advised by some stakeholders to stick with the eight weeks period that have been…
Group target ‘ambitious’ N30trn asset in 30 years
Lancelot Group has announced its projections to grow its assets to N10tn in the next 30 years. The Group Executive Chairman Mr…
Shareholders sue Silicon Valley Bank, CEO, CFO for fraud
Silicon Valley Bank Financial Group, the Chief Executive Officer, and Chief Financial officer were sued on Monday by shareholders. Reuters reported that…
Old naira: Buhari never told Emefiele, Malami to shun S’Court order, says presidency
Juliet Buna The Presidency has denied allegations that it ordered the Attorney general and Central Bank of Nigeria to defy the…
Oil prices fall after Silicon Valley Bank collapse
The close down of Silicon Valley Bank has raised fears of new financial crises as oil prices fell on Monday along with…