Category: Business

Renowned economist Bismarck Rewane expressed that the 2024 budget proposed by Tinubu won’t resonate with Nigerians if the cost of living remains high. In an interview, Rewane emphasized that Nigerians prioritize the reduction in prices of essential goods over scrutinizing budgetary numbers. He underscored the necessity for the budget to start positively affecting people’s lives…

Read More “An economist has criticized Tinubu’s budget by stating that Nigerians are more focused on the high cost of living than on the country’s debt figures. This critique suggests that the public’s main concern revolves around the increased expenses they face rather than emphasizing specific budgetary details or the nation’s debt levels.” »

The Asian markets showed a split trend on Friday, following a mixed day on Wall Street. Despite the continued decrease in US inflation reported in recent data, there was a lack of enthusiasm in the market to rekindle the buying momentum seen in November. The start of the new month didn’t witness a rush back…

Read More “The Asian markets have displayed a mixed performance despite the release of data from the United States, which has sparked discussions about the possibility of a rate cut.” »

The Chairman of Zenith Bank, Jim Ovia, has seen a substantial increase in his wealth, amounting to N10.42 billion over the span of eight days. This surge occurred as investors responded positively to Zenith Bank’s plans to expand into France and the Central Bank of Nigeria’s (CBN) proposed bank recapitalization. Zenith Bank, known as Nigeria’s…

Read More “Jim Ovia, regarded as Nigeria’s wealthiest banker, has reportedly accrued a substantial income of N10.42 billion from shares linked to Zenith Bank within an eight-day period.” »