Category: All Posts in Business Category
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CBN Records N3.1bn Interest from FG’s Ways and Means Facility

Wafric News – May 11, 2025 The Central Bank of Nigeria (CBN) recorded a steep decline in earnings from the Federal Government’s overdraft facility in 2024, pulling in just N3.1 billion in interest in...

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Airtel Nigeria to Double 2025 Investment, Targets Rural Expansion and 5G Growth

Wafric News – May 10, 2025 Lagos – Airtel Nigeria has announced plans to double its capital expenditure in 2025 as part of an ambitious strategy to broaden rural connectivity and accelerate the expans...

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THC Drinks Are Booming — But Will the High Last?

Wafric News – May 10, 2025 Once unheard of, THC-infused beverages are now flying off store shelves across the U.S., transforming from a niche experiment into a booming industry — and fast. But as sta...

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Emirates Group Soars to $6.2 Billion Profit, Smashes Records for Third Straight Year

Wafric News – May 9, 2025 Dubai — Emirates Group, the aviation giant behind the Middle East’s largest airline, has once again flown into the record books, announcing a staggering $6.2 billion gross...

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U.S. Senators Demand Deeper Probe into Egg Price Hikes as DOJ Investigation Gains Momentum

Wafric News – May 9, 2025 Amid rising concerns over soaring food costs, a bipartisan duo in the U.S. Senate is pushing for a deeper investigation into the American egg industry, applauding the Departm...

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MTN Nigeria Commits N3.5 Billion to Social Impact Projects in 2024, Total Investment Hits N31.9 Billion

Wafric News – May 9, 2025 Lagos, Nigeria — Telecommunications giant MTN Nigeria has deepened its commitment to national development, announcing a N3.5 billion investment in Corporate Social Investmen...

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Google Deploys AI to Flag Scam Websites in Real Time on Chrome

Wafric News – May 8, 2025 In an age where online scams are more sophisticated and widespread than ever, Google has announced new efforts to fight back—this time with artificial intelligence that runs...

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Ford Raises Prices on Mexico-Made Vehicles as Trump Tariffs Drive Up Costs

Wafric News – May 8, 2025 Ford Company is set to raise prices on three of its popular vehicles built in Mexico, in direct response to the sweeping auto import tariffs rolled out by U.S. President Don...

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PalmPay Steps Up Tap-to-Pay Efforts to Make Digital Banking Easier for All Nigerians

Wafric News – May 7, 2025 PalmPay is stepping up its mission to bridge the financial gap in Nigeria by promoting the adoption of contactless payments, a move aligned with its vision for a cashless, di...

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Disney Brings Magic to the Middle East with First-Ever Theme Park in the UAE

Wafric News – May 7, 2025 In a landmark move for the global entertainment giant, The Walt Disney Company has unveiled plans to open its first-ever theme park in the Middle East — right in the heart o...

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