Nnewi-born businessman, Chief Joseph Nzelu, has said that the major challenge facing the present generation of young entrepreneurs is that they are impatient. In an exclusive interview with the West African Pilot News, Mr. Nzelu, a successful businessman and the Chairman of Nnewi business community of the Auto Spare Parts and Machinery Dealers Association – ASPAMDA, in Lagos, said that the young generation of entrepreneurs are in a hurry and this, he pointed out, is...

The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 per cent, following six consecutive hikes last year. This decision comes amidst observed stability in the foreign exchange market and a gradual decline in inflation rates. CBN Governor, Olayemi Cardoso, addressed the press in Abuja, expressing satisfaction with recent macroeconomic trends. He noted, “Inflation is trending down, and it’s looking positive,” emphasising the bank’s objective to reduce inflation to single-digit...