Nigeria’s inflation rate hits 22% – NBS
The National Bureau of Statistics on Saturday revealed that the nation’s inflation rate rose to 22.04% in March 2023. According to…
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G7 to finance climate action in developing countries
Japan’s economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries…
Infrastructure upgrade will support cashless policy – Remita
The Managing Director of Remita Payment Services Limited, Deremi Atanda, has stressed the need for quality infrastructure upgrade to support the growth…
Bitcon surpasses $30,000 first time in 10 months
Bitcoin has surpassed the $30,000 level for the first time in 10 months, which is a significant milestone for the cryptocurrency market.…
Apple’s supplier Foxconn to invest $820m in EVs
One of the largest electronics manufacturers in the world, Foxconn, announced on Sunday that it intends to invest T$25 billion ($820 million)…
Elon Musk’s Tesla sued for privacy violation
A Tesla owner from California has filed a class action lawsuit against the electric carmaker for infringing on customers’ privacy. As reported…
Naira hits lowest amid external reserve decline
The Nigerian Naira hit its lowest value of the year on the first trading day of April, as the demand for dollars…
Naira crisis: Emefiele’s crime more than electoral fraud, says Soyinka
Nobel laureate, Prof Wole Soyinka, has knocked the Central Bank Governor, Godwin Emefiele, over the hardship that the new naira redesign policy…
Oil prices surge as OPEC+ cuts output
The Organisation of Petroleum Exporting Countries has announced a surprise decision to cut production further, which caused oil prices to surge on…
Nigeria to save $1.3bn by stopping substandard ACs and Refrigerators – UN
The United Nations Environment Programme has reported that Nigeria could save approximately $1.3bn per annum if it ceases using air conditioners and…
Wema Bank appoints Moruf Oseni new MD
Wema Bank Plc’s Board of Directors has appointed Moruf Oseni as its substantive Managing Director and Chief Executive Officer. Oseni will succeed…
First Bank renames UK, African subsidiaries
Wilson Adekumola One of the largest commercial banks in Nigeria, First Bank of Nigeria Limited has disclosed a phased corporate name change…