Business

UK Inflation Holds Steady at 2%, Boosting Hopes for Interest Rate Cut

UK inflation holds steady, paving the way for potential interest rate cut, as PM Starmer vows to boost economic growth.

3 months ago

AMCON Reveals It Has Recovered N1.96tn From Debtors

AMCON MD Gbenga Alade, revealed that AMCON has recovered N1.960 trillion from debtors, during a House of Representatives oversight visit.

3 months ago

HSBC Names Georges Elhedery as Next CEO

HSBC has appointed Georges Elhedery, its finance chief since 2005, as the new CEO following current CEO Quinn's unexpected retirement.

3 months ago

AfDB Sovereign Portfolio Ranked Most Transparent Globally For Second Year

For the second consecutive year, the AfDB’s sovereign portfolio has secured the top spot in the Aid Transparency Index.

3 months ago

IMF Downgrades Nigeria’s Economic Growth Prospects To 3.1% Amid First Quarter Weakness

The IMF has slightly adjusted Nigeria's 2024 economic growth forecast from 3.3% to 3.1%, reflecting weaker-than-expected first-quarter performance.

3 months ago

IMF Upgrades Economic Outlook For China, India, Europe, Cautions On Sticky Inflation

IMF has predicted global inflation to decrease from 6.7% in 2023 to 5.9% in 2024 and 4.4% in 2025, despite…

3 months ago

UK Regulator Launches Probe Into Microsoft’s AI Deals

Microsoft has acquired AI talent, including Mustafa Suleyman, in a $650 million deal, sparking scrutiny and a CMA investigation.

3 months ago

Jinmi Ajayi: Nigeria Should Enhance The Productivity Of Existing Farmers Rather Than Attracting New Ones

Founder of Feedup Africa,Jinmi Ajayi, has raised concerns over farmers' smartphone access, urging cautious rollout of web applications.

3 months ago

Demands for New Tech Like AI, 5G Fueling Greenhouse Gas Emissions, 2024 UN Report Says

The UN 2024 digital economy report has called for urgent environmentally sustainable and inclusive digitalisation strategies.

3 months ago

Dangote Aims for Leading Role in FX Market, Targets $30bn Revenue by 2025

Dangote has announced plans to reach $30bn in revenues by 2025, aiming for independence in forex sourcing from the CBN.

3 months ago