In a bold move, Nigeria’s Central Bank has announced the dissolution of the boards of Union Bank Plc, Polaris Bank Ltd., and Keystone Bank Ltd. The decision was made in response to regulatory infringements, corporate-governance breaches, and actions that posed a threat to the stability of the country’s financial system. This significant shake-up aims to restore confidence and ensure the integrity of the banking sector. Here are the top seven points regarding this development:
Author: Staff Writer
Here are 10 things you need to know about how each Ford Ranger is built.
Despite economic challenges, South Africa’s automotive industry experienced a slight increase in vehicle sales in 2023, with a total of 532,098 vehicles sold, up from 529,556 in the previous year.
Mulilo Energy Holdings, a prominent renewable energy developer and investor, has announced the appointment of Jan Fourie as its new CEO. Fourie will succeed Johnny Cullum, who will step down in May.
SAP, a global software company, has admitted to engaging in corrupt practices to secure lucrative state contracts in South Africa and other countries.
Sub-Saharan Africa is experiencing accelerated economic growth, with Ivory Coast and Tanzania leading the way, despite the underperformance of the region’s largest economies. Ivory Coast, the world’s largest cocoa producer, is expected to achieve impressive growth of 6.6%, while Tanzania is also projected to surpass 6% growth, according to the International Monetary Fund.
Rolls-Royce Motor Cars achieved a historic milestone in 2023 by delivering a total of 6,032 luxury vehicles worldwide. This sets a new record for the company, marking the highest number of cars delivered in its 119-year history.
Harmony Gold Mining Company Ltd. emerged as the top-performing stock in the JSE Top 40, delivering an impressive 103% increase in share price over the course of 2023.
Boeing’s stock price took a major hit after the US aviation regulator temporarily grounded a portion of its 737 MAX jets. The shares fell by 6.9% in response to the news.
Samsung Electronics reported a significant drop in fourth-quarter operating profit, falling by an estimated 35%, which was worse than analysts had anticipated.