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US Fed begins final 2024 rate meeting with cut expected Nexovant
Jerome Powell, seen in November, is expected to indicate the Fed may cut rates more slowly in the coming months. Photo: ANDREW CABALLERO-REYNOLDS / AFPSource: AFP The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations high for another rate cut and a signal from policymakers that the […]
Yuletide: Extend free rides to road transport, Rewane tells Tinubu Nexovant
Bismarck Rewane has stated that the FG’s free transportation would impact more Nigerians if it included road transportation He said Nigeria has few rail points, and they do not run through all the states, hence the need to include road transportation He urged FG to address core productivity issues for Nigerians to see long-term benefits […]
A US farm breeds pigs for human kidney transplants Nexovant
Young genetically altered pigs walk past a ball in their pens at the Revivicor research farm in Blacksburg, Virginia on November 20, 2024. Photo: Andrew Caballero-Reynolds / AFPSource: AFP On a farm in the southern US state of Virginia, David Ayares and his research teams are breeding genetically modified pigs to transplant their organs into […]
Workers concerned over loss of job as Chinese company takes over Lafarge Cement Nexovant
Holcim said that it will sell its 83.8% ownership in Lafarge Africa to the Chinese cement company Huaxin Cement Company The company’s intention to sell its stake to Huaxin has caused a rise in employee apprehension and uncertainty Under the new ownership, employees are upset about potential negative repercussions as they have little to no […]
“We expect”: US-based rating agency predicts difficult 2025 for Nigerian banks Nexovant
Fitch Ratings, a New York-based credit rating agency, has predicted a challenging 2025 for Nigerian banks The agency revealed in its report on African banks that the financial institutions would still face a volatile operating environment in 2025 It said the banks would be exposed to high risks due to potential fall in commodity prices […]
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