Net foreign exchange inflow falls 27% to $52.46bn
Net foreign exchange (forex) inflow into the economy fell by 27 per cent, Year-One year, to $52.46 billion in 2021 from $70.66 billion in 2020. Reportdailys analysis of the fourth quarter 2021 (Q4’21) statistical bulletin of the Central Bank of Nigeria, CBN, showed that forex inflow into the economy dropped
Inflation: Central Banks should raise interest rates — IMF
The International Monetary Fund (IMF), has called on Central banks across the globe to raise interest rates, in order to halt the escalating inflationary trends. IMF Director of Monetary and Capital Markets, Tobias Adrian, made this call at a press briefing on the latest Global Financial Stability Report, in Washington
Power sector recovery back on track — FG
THE Federal Government said, yesterday, that the effort to improve power supply across the country was back on track, after about two months of challenges that led to the collapse of the national grid thrice within a month. The government said it expected the grid to deliver a minimum of
Children among victims of blast at entrance of school in Kabul, Afghanistan
School children were among those killed and injured in another series of deadly blasts in Afghanistan’s capital city, Kabul, Tuesday morning. At least six people were killed and over ten injured, Khalid Zadran, acting spokesman of the Taliban Kabul police wrote on Twitter, adding that security forces were on the
US unveils new round of sanctions against Russia
The United States Treasury, on Wednesday, announced a new round of sanctions against Russia, singling out individuals and entities involved in attempts to evade previous sanctions imposed by the U.S. and its allies. “Today, the U.S. is targeting Russian financial and operational support networks that attempt to evade international sanctions,’’
Nigerian Newspapers: 10 things you need to know this Thursday morning
Good morning! Here is today’s summary from Nigerian Newspapers. Inspector-General of Police, Usman Baba has assured the public that the security agency was making progress in the probe of famous gospel musician, Osinachi Nwachukwu’s death. At a meeting with Minister of Women Affairs, Pauline Tallen at his office in Abuja
Stocks making the biggest moves midday: Netflix, M&T Bank, Baker Hughes, IBM & more
Netflix — Shares of the streaming giant sank 35% after Netflix reported a loss of 200,000 subscribers in the most recent quarter. Netflix cited increasing competition, password sharing and the situation in Ukraine among the reasons for the dip. The news led to a wave of downgrades from major Wall
Death toll in South Africa floods rises to 443, with thousands left homeless
PRETORIA, South Africa — The South African National Defense Force has been called up to assist in the clean-up operations on the country’s flood-ravaged east coast. At least 443 people have died and 63 others are missing after the deadliest storm on record rained down on the city of Durban
Gunmen kidnap popular pastor in Akwa Ibom, demand N100m ransom
Suspected kidnappers have abducted a popular radio and television evangelist, Apostle John Okoriko, in Akwa Ibom State. Okoriko, the founder of Solid Rock Kingdom Church (SRKC) at Ibekwe Akpan Nya community in Mkpat Enin Local Government Area of the state, was kidnapped on Tuesday evening, April 19.
Robbery suspect arrested while on his way to an operation in Ogun (photos)
An armed robbery suspect, Waheed Ijiyemi, was on Tuesday, April 19th, arrested by men of Ogun state police command while on his way to carry out a robbery operation. The suspect was arrested while the DPO Onipanu Division, CSP Bamidele Job, was on routine patrol with his men and