Egypt’s annual headline inflation rose to 33.7 per cent in May, up from 15.3 per cent in the same period of 2022, the country’s official statistics agency reported on Saturday. Urban inflation increased by 2.7 per cent in May, month-on-month. This is among the highest records, said a report by the Central Agency for Public […]
President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect. The suspension is contained in signed by Willie Bassey, Director, Information in the office of the Secretary to the Government of the Federation This is a sequel to ongoing investigation of CBN and the planned reforms in financial sector […]
The average property price in the United Kingdom fell 1.0 per cent in May compared with the same period last year, the first annual decline since 2012, mortgage lender, Halifax said on Wednesday. Month-on-month, UK house prices remained flat in May, with average UK property now costing £286,532 ($357,000). Property prices have fallen by about […]
NNPC Limited has announced an adjustment to pump prices of petrol (PMS) across its retail outlets, in line with current market realities. Garba Deen Muhammad, Chief Corporate Communications Officer of the NNPCL issued the announcement in a statement on Wednesday in Abuja. According to the statement, pump prices at NNPC’s retail outlets will now begin to […]
Fuel queues returned to Nigerian cities on Monday as many motorists scrambled to get petroleum products, hours after President Bola Ahmed Tinubu announced his government would stop fuel subsidy regime. During his inauguration, Tinubu declared that there would no longer be a petroleum subsidy regime as it was not sustainable. The President said the current […]
The Federal Government has established Nigeria’s Open Register of Beneficial Ownership of Companies to promoting transparency and accountability. Inaugurating the register, the Minister of Industry, Trade and Investment, Adeniyi Adebayo said the initiative, under Corporate Affairs Commission’s mandate (CAC), would support anti-corruption efforts in Nigeria and globally. Mr Babagana Alkali, Director of Policy, Research and […]
Chairman, Board of Directors of Bank of Industry (BOI) Group, Aliyu Dikko, said the group’s total assets have grown by 39. 2 per cent between 2021 and 2022. Dikko stated this during the 63rd Annual General Meeting (AGM) of the bank, on Thursday, in Abuja. He said the bank maintained appreciable growth in its financial […]
The Chartered Institute of Bankers of Nigeria (CIBN) says it generated N2.06 billion in 2022, up from N1,76 billion recorded in 2021. The President of CIBN, Dr Ken Opara, announced this at the 2023 Annual General Meeting, on Saturday, in Lagos. Opara said that the figure represented 16.9 per cent when compared with revenue generated […]
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo will on May 22, inaugurate the state-of-the-art fashion industry in Kogi State. The facility, under the National MSME Clinics Shared Facility Scheme, is reputed to be the largest fashion industry in the North-Central Region. Yemi Balogun, Information Officer of Kogi Enterprise Development Agency […]
Agege Local Government has disbursed N100,000 cash to 20 selected residents under its empowerment scheme to enable them to become self-reliant. The Executive Chairman of the local government, Chief Ganiyu Egunjobi, distributed cheques for the empowerment programme on Sunday in Agege. Alhaja Aminat Abdulsalam, represented the chairman at the elaborate programme. Egunjobi admonished the beneficiaries […]