Category: Business

28 March 2025 Griffin Tharpe

Zenith Bank Makes a Bold Move with Paris Branch Opening Amid Celebrations

Zenith Bank inaugurated a new branch in Paris, setting the stage for expanded financial ties between Africa and Europe. Attended by prominent Nigerian figures and business leaders, this move highlights Nigeria's strategic role in Africa-Europe trade. This branch will serve as a conduit for investment and trade, with plans to further expand into Francophone Africa.

13 December 2024 Griffin Tharpe

Access Bank Expands Footprint in South Africa with R2.8 Billion Bidvest Acquisition

Nigerian financial giant Access Bank is making a bold entry into South Africa's banking landscape with its acquisition of Bidvest Bank Holdings for R2.8 billion. This strategic move not only solidifies Access Bank's ambition to enhance its African presence but also leverages Bidvest's specialization in foreign exchange and corporate banking. Regulation approvals will pave the way for Access Bank to operate its advanced financial solutions in South Africa.

10 July 2024 Griffin Tharpe

Moody's Warns of Economic Challenges for France After Election Stalemate

Moody's has raised concerns about France's economic outlook following legislative elections that resulted in a hung parliament. The New Popular Front (NFP) won the highest number of seats, followed by President Macron's Ensemble party and the far-right National Rally. The lack of an absolute majority could lead to political gridlock and may complicate efforts to manage the nation's debt. France's budget deficit and public spending are other critical points highlighted by the credit rating agency.

6 June 2024 Griffin Tharpe

The Hidden Costs of Mandating Minimum Wage: A Comprehensive Analysis

Minimum wage laws, while intended to help workers, can have unintended negative consequences. Azu Ishiekwene argues that these laws can harm low-skilled workers, reduce job opportunities, and lead to higher prices. Alternative solutions like Earned Income Tax Credits and conditional cash transfers may offer better outcomes without the drawbacks of minimum wage mandates.

3 June 2024 Griffin Tharpe

Market Caution Prevails as Stock Futures Show Little Movement Ahead of June's First Trading Day

Stock futures showed minimal movement before June's first trading day, reflecting market caution. Despite a strong May, with the Nasdaq Composite surging 6.9%, tech stocks like Nvidia faced setbacks. Investor anticipation and interest rate concerns loom large, with key economic updates expected, including manufacturing data and a crucial jobs report in the first week of June.