The Consumer Price Index (CPI) rose 2.4 percent year-on-year in March, down from the previous month and below economists’ expectations. On a monthly basis, inflation fell by 0.1 percent, aided by a 6.3 percent decline in gasoline prices and a 2.4 percent drop in the broader energy index. The figures offer a temporary reprieve for…
By Ayomide Otitoju MTN Group President and CEO Ralph Mupita has revealed plans to reduce the Group’s shareholding in MTN Nigeria from 76 percent to 65 percent through a public offer—once the unit returns to profitability and resumes dividend payments. Speaking during an editors’ roundtable this week, Mupita reiterated the Group’s long-standing commitment to enhancing…
By Ayomide Otitoju A large group of women staged a peaceful protest in Port Harcourt on Friday, calling for the immediate reinstatement of suspended Rivers State Governor Siminalayi Fubara and his deputy, Ngozi Odu. The demonstrators, who identified themselves as concerned mothers and wives, marched from Isaac Boro Park through Aba Road to the Rivers…
Liverpool forward Mohamed Salah has ended months of speculation over his future by signing a new two-year contract with the Premier League leaders, the club announced on Friday. The 32-year-old Egyptian international, who joined Liverpool from AS Roma in 2017, has scored 243 goals in 394 appearances, making him the club’s third-highest goalscorer of all…
The British government has announced a new £450 million military support package for Ukraine, as UK Defence Secretary John Healey and his German counterpart, Boris Pistorius, co-chaired a high-level meeting of 50 nations in Brussels on Friday. The Ukraine Defence Contact Group, traditionally led by the US, gathered with the aim of increasing international pressure…
By Ayomide Otitoju In a groundbreaking shift within Nigeria’s banking landscape, Sterling Bank has announced the removal of transfer fees on its digital banking platform, OneBank, becoming the first major Nigerian bank to eliminate charges on customer transactions made through its app. “This is not a gimmick. This is the future. And it starts now,”…
By Ayomide Otitoju The National Agency for Food and Drug Administration and Control (NAFDAC) is ramping up efforts to combat the influx of substandard, unbranded, and rewrapped monosodium glutamate (MSG) products, particularly in Northern Nigeria. While MSG—commonly used to enhance savory flavors—is considered safe for consumption by both NAFDAC and the World Health Organization (WHO),…
By Ayomide Otitoju Nigerian digital solutions provider, Globacom, on Sunday sponsored the premiere of Radio Voice, a new film produced by veteran actor Richard Mofe-Damijo (RMD). The premiere took place at the Alliance Française, Mike Adenuga Centre in Ikoyi, Lagos. Describing the film as a story of perseverance, Mofe-Damijo said Radio Voice “celebrates the triumph…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday, announced a N10 million cash award to Miss Isioma Sybil Nwosu, the overall best graduating student of Lagos State University (LASU) for the 2023/2024 academic session. Nwosu, from the Department of Biochemistry in the Faculty of Science, graduated with a Cumulative Grade Point Average…
