Nigeria’s headline inflation rose to 22.04 percent year-on-year in March, the highest rate seen since September 2005. According to the National Bureau of Statistics, NBS, latest report represents an increase of 0.13 percent when compared to 21.91 percent February 2023 headline inflation rate. At the subnational level, “The inflation rate on a year-on-year basis was…
Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH reported. President Muhammadu Buhari, according to the report, is expected to give his final assent for disbursement any moment from now. If the proposal sails through, it means…
Iran’s leaders have invited their regional rival Saudi Arabia’s King Salman bin Abdelaziz for an official visit. The move, which is part of a rapprochement between the two countries, was announced by Iran’s Foreign Ministry spokesman Nasser Kanaani in Tehran on Monday. An invitation sent by Iran’s President Ebrahim Raisi had been accepted, he said….
The presidential candidate of the Peoples Democratic Party in the 2023 presidential election, Atiku Abubakar has demanded immediate arrest and prosecution of the Adamawa Resident Electoral Commissioner, REC, over what he described as ‘treasonable act’. Mr Abubakar made the called in a statement on Sunday by his spokesman Paul Ibe, following the decision of the…
Arsenal’s Premier League title jitters returned in a potentially costly 2-2 draw at West Ham United on Sunday as for the second week in a row they threw away a two-goal advantage. The leaders were 2-0 up and cruising towards restoring their six-point cushion over Manchester City with Gabriel Jesus tapping home in the seventh…
The Independent National Electoral Commission, INEC, Sunday declared Idris Nasiru of the All Progressives Congress, APC, the winner of the Kebbi State governorship election. The Returning Officer made the declaration after the Saturday’s supplementary elections in some polling units with Nasiru polling 409,225 votes to defeat his closest contestant, Bande Aminu of the Peoples Democratic…
The Majority leader in the House of Representatives, Alhasan Ado Doguwa, has been reelected for the 5th term to represent Tudunwada/ Doguwa Federal Constituency of Kano State. After a tough contest on the platform of All Progressive Party (APC) in the supplementary elections held at eight wards in Tudunwada Local Government, the Returning Officer, Professor Sani…
The Chartered Institute of Bankers of Nigeria, CIBN, says plans are underway to establish a Banking School to train and equip graduates to become employable in the banking, finance and business industry. Dr Ken Opara, President/Chairman of Council, CIBN, made the disclosure at the ground-breaking ceremony of a 160-seater auditorium, named ‘CIBN Bankers Hall’, at…
Guaranty Trust Holding Company Plc (GTCO) on Friday announced a profit before tax of N214.2 billion in its Audited Consolidated and Separate Financial Statements for the year ended, Dec. 31 2022. The decrease in profit before tax, according to results made available to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), represented 3.3…
Nigerian Export Promotion Council (NEPC) says the country exported 315,677 metric tons of raw cashew nuts worth $252 million in 2022 and hopes to double the earnings to $504 million. Last year, the commodity accounted for 5.24 per cent of the country’s non-oil export portfolio. This is contained in the data obtained by the NEPC…
