Britain’s annual inflation rate rose in July for the first time this year, surpassing the Bank of England’s target, according to official data released on Wednesday. The Consumer Prices Index (CPI) increased by 2.2 percent in the 12 months to July, up from a 2.0 percent annual gain in June, as reported by the Office…
Nigeria’s external reserves have declined by 0.68 percent to $36.620 billion as of August 12, 2024, down from $36.872 billion recorded on August 7, 2024, according to data from the Central Bank of Nigeria (CBN). This drop follows a recent increase, where reserves rose to $37.88 billion on July 15, 2024, from $34.76 billion at…
Pan-Yoruba sociopolitical organization, Afenifere, has strongly condemned recent calls for a military takeover in Nigeria, accusing certain individuals of exploiting the recent hunger protests to push an undemocratic agenda. In a statement released by its National Publicity Secretary, Comrade Jare Ajayi, Afenifere emphasized that Nigeria’s democratic system “should not be truncated for any reason.” The…
US-mediated ceasefire talks aimed at halting Sudan’s ongoing conflict began in Switzerland on Wednesday, even though the Sudanese government has declined to participate. The discussions, led by US Special Envoy for Sudan Tom Perriello, proceed amid a brutal war that has ravaged the country since April 2023. The conflict pits Sudan’s army, led by de…
Workers at the Escondida mine, the world’s largest copper mine located in northern Chile, initiated a strike on Wednesday after pay negotiations with Australian mining giant BHP collapsed. The strike casts uncertainty over the global copper market, though analysts suggest the immediate impact may be tempered by current stockpiles. The Escondida mine, which produces approximately…
By Ayomide Otitoju The Managing Director and Chief Executive Officer of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, announced on Tuesday that the bank has successfully met and exceeded its capital-raise target from its recently concluded combined offer. This achievement follows the N127 billion rights issue and public offer, which commenced on June 20 and closed the…
Tony Okocha, the recently dismissed chairman of the All Progressives Congress (APC) Caretaker Committee in Rivers State, has criticized the recent #EndBadGovernanceInNigeria protest, dismissing it as a mere riot. Okocha made this statement on Tuesday after leading a pro-Tinubu support rally organized by the Coalition of Renewed Hope Family in Rivers State. The rally, which…
Google on Tuesday unveiled its latest Pixel 9 smartphones, featuring advanced artificial intelligence (AI) capabilities designed to compete directly with Apple’s iPhone. The new Pixel devices aim to further integrate users into Google’s ecosystem, mirroring Apple’s strategy of tightly linking the iPhone with its App Store and services. The Pixel 9 models are equipped with…
Edo State Governor, Godwin Obaseki, has signed into law a revised supplementary budget of ₦450 billion. The signing took place on Tuesday at the Executive Council Chamber of the Government House in Benin City. Governor Obaseki, while signing the budget, announced that the government has allocated approximately ₦5 billion to support the growth of small…
