Search Result for: world bank
South Africa’s Central Bank Cuts Interest Rates as Inflation Reduces Beyond Expectations
South Africa’s central bank has reduced its benchmark interest rate by 25 basis points to 8 per cent, marking the first rate cut...
Samson Ajao Sets New Guinness World Record For Longest Reading Marathon At 215 Hours
Samson Ajao, a 27-year-old from Osogbo, has been officially recognised by Guinness World Recordsfor his extraordinary achievement of reading aloud for 215 hours,...
Senate Hurriedly Approves Bill To Increase Central Bank’s Ways And Means Lending To FG
The Nigerian Senate and House of Representatives have passed a bill to raise the borrowing limit for the Central Bank of Nigeria (CBN)...
Ethiopia’s Currency Devalues By 30% As Central Bank Floats It to Secure IMF Loan
On Monday, Ethiopia’s central bank floated the birr, leading to a 30 per cent devaluation against the US dollar. The currency now stands...
Nvidia Becomes World’s Most Valuable Company Amid AI Boom
Nvidia, a key artificial intelligence (AI) sector player, has become the world’s most valuable company. On Tuesday, its market capitalisation soared to $3.34...
AMVCA 2024: ‘Breath of Life’ Sweeps Top Honours, Kehinde Bankole and Wale Ojo Triumph as Best Actress and Actor!
Nigerians Kehinde Bankole and Wale Ojo emerged victorious as they clinched the titles of Best Actress and Best Actor, respectively, at this year’s...
Tinubu Participates in 2024 World Economic Forum Panel Session, Says He’ll Alleviate Hardship
Amidst persistent hardship, President Bola Tinubu has stated that removing fuel subsidies in Nigeria saved the country from bankruptcy. He said this on...
Tinubu admits removal of PMS subsidy, says in avoidance of bankruptcy
President Bola Tinubu admitted to removing the fuel subsidy and said it was to avoid bankruptcy during the ongoing World Economic Forum (WEF)...
Those wanting the Naira at N400 to a dollar are living in a dream world – Moghalu
Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has warned against the illusion of a stable exchange rate for the...
Access Holdings Set to Acquire National Bank of Kenya Ltd
Access Holdings, the parent company of Access Bank, has announced its plans to acquire the National Bank of Kenya Limited (NBK) from the...
Top 10 Largest Banks by Market Capitalisation Revealed
The world’s largest banks by market capitalisation exemplify the dynamic nature of the global banking sector, with top positions held by institutions from...
Germany Becomes World’s Third-Largest Economy, as Japan Slips into Recession
Germany has overtaken Japan as the world’s third-largest economy, following Japan’s unexpected slip into recession. Japan’s economy contracted by 0.4 per cent in...