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News
Governors Move To Replicate Benin Republic’s Agro-Industrial Model To Drive Jobs
11+ hour, 5+ min ago (958+ words) Six governors pledge to replicate Benin Republic’s agro-industrial zones to boost manufacturing, process farm produce and create more jobs across Nigeria. Six state governors have pledged to draw practical lessons from the Glo-Djigbé Industrial Zone (GDIZ), in the Republic of…...
BOJ Set To Hold Rates Steady, Retain Inflation Warning Despite Easing Risks
1+ day, 13+ hour ago (726+ words) Bank of Japan is expected to hold rates steady while retaining inflation warning despite easing risks from Middle East disruptions. The Bank of Japan (BOJ) is expected to maintain its warning that inflation could exceed its 2% target at next week’s…...
ECB Weighs Options To Reduce Financial Losses Ahead Of Autumn Policy Debate
1+ day, 13+ hour ago (644+ words) ECB considers raising bank reserve requirements and other measures to reduce mounting losses ahead of crucial autumn policy deliberations. The European Central Bank (ECB) is considering a range of measures to reduce mounting financial losses, with policymakers expected to intensify…...
Pound Holds Firm As Oil Prices Rise Ahead Of ECB Rate Decision
2+ day, 9+ hour ago (305+ words) Pound Sterling remains steady as rising oil prices fuel inflation concerns, while investors await the European Central Bank’s latest interest rate decision. The pound held steady on Thursday as investors weighed rising oil prices linked to escalating US-Iran tensions ahead…...
Burnham Cuts Business Rates For UK Hospitality Sector By 20%
2+ day, 11+ hour ago (465+ words) Prime Minister Andy Burnham has announced a 20% cut in business rates for pubs, clubs and live music venues nationwide. Britain’s Prime Minister Andy Burnham has announced a 20% cut in business rates for pubs, clubs and live music venues from April,…...
Report: Cost Of Cooking Jollof Rice Jumps 624% In Decade As Food Crisis Deepens
2+ day, 15+ hour ago (1058+ words) A report has indicated that the cost of preparing Nigeria’s most iconic meal, jollof rice, has risen by an alarming 624 per cent over the past decade, highlighting the deepening affordability crisis facing millions of households as climate change, insecurity, poor…...
CBN Retains Interest Rate At 26.5% As Middle East Tensions Fuel Inflation Risks
3+ day, 14+ hour ago (1341+ words) CBN keeps the benchmark interest rate at 26.5% as rising global risks threaten Nigeria’s inflation outlook and economic stability. The Central Bank of Nigeria (CBN), on Tuesday, decided to leave the Monetary Policy Rate (MPR), the benchmark interest rate, unchanged at…...
UK Inflation Falls To 2.6%, Offering New PM Burnham Temporary Relief
3+ day, 14+ hour ago (538+ words) UK inflation fell to 2.6% in June, giving Prime Minister Andy Burnham an early economic boost as price pressures eased. UK inflation slowed more than expected in June, giving new Prime Minister Andy Burnham an early economic boost as easing price…...
UK Borrowing Falls In June As Burnham Faces Mounting Fiscal Challenges
4+ day, 14+ hour ago (304+ words) Britain’s June borrowing fell to £16 billion, highlighting mounting fiscal challenges facing Prime Minister Andy Burnham’s new government. Britain’s public borrowing fell to £16 billion ($21.5 billion) in June, down by a third from a year earlier, according to official figures that underscore…...
Jonathan Urges Oil Firms To Drive Nigeria’s Technological Development
4+ day, 15+ hour ago (733+ words) Jonathan urges oil companies and government to build local technology, saying crude exports alone cannot diversify Nigeria’s economy. Former President Goodluck Jonathan has emphasised the need for the oil industry to spearhead technological advancement in Nigeria to address what he…...