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Inflation

Zimbabwe inflation hits 175.66 per cent

Zimbabwe annual inflation hit 175.66 per cent in June up from 97.85 per cent in May, statistics agency ZIMSTATS said on Monday, the highest rate since 2009.

Central bank chief pledges to bring inflation to single digit within five years

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years.
Zimbabwe Dollar

Zimbabwe’s currency hits new low, firms demanding payment in US dollars

Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a decade.

Inflation, high cost of rent deepen Zimbabwean workers’ woes

Zimbabwean workers have been hit hard by high accommodation costs as landlords now demand rentals in foreign currency to cushion themselves from the RTGS dollar which is free falling against the U.S dollar.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.

Antonio Guterres: UN runs out of cash in August

United Nations Secretary-General Antonio Guterres has called on member states to support the organisation and address its deteriorating financial situation.

Three candidates that may succeed Godwin Emefiele

Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that’s expanding slower than emerging-market peers.

Martin Onovo faults IMF’s recommendations on fuel subsidy

Chief Martin Onovo, a petroleum sector technocrat and versatile politician, has taken a look at the recommendation of the International Monetary Fund (IMF) for Nigeria to remove of fuel subsidy, and stated that the organisation’s counsel to the country in the last 40 years has consistently failed.
The Iranian flag flutters in front the International Atomic Energy Agency headquarters in Vienna [Leonhard Foeger-Reuters]

US tightens restrictions on Iran’s nuclear programme

The United States has tightened restrictions on Iran's nuclear programme by failing to renew two key sanctions waivers which allowed Russia and the European nations to do business with Tehran.

Motorists, commuters urge DPR to sanction stations hoarding petrol

Motorists and commuters in Damaturu, have urged the Department of Petroleum Resources (DPR) to sanction petrol stations not selling the product and creating artificial scarcity.

NBS: Inflation rate drops to 11.25% in March

The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation with the index dropping to 11.25 per cent (year-on-year) in March 2019.
National Bureau of Statistics NBS

Inflation drops again to 11.25% in March 2019

National Bureau of Statistics (NBS) says consumer price index, (CPI) which measures inflation increased by 11.25 per cent (year-on-year) in March 2019.
Jose Angel Gurria

OECD: Millennials are been squeezed out of middle class

The middle class is getting squeezed and it is the millennial generation above all that is bearing the brunt, the Organisation for Economic Co-operation and Development has said, urging action to help households struggling with the rising cost of education and housing as incomes stagnate.

AfDB: Southern Africa’s GDP will rise in 2019, but low

The African Development Bank (AfDB) has predicted that the Gross Domestic Product (GDP) of Southern Africa countries will increase by around 2.2 per cent in 2019 from 1.2 per cent last year.
A handout picture taken and released on October 26, 2018 by the Turkish Presidential Press service shows Turkish President Recep Tayyip Erdogan gesturing during his speech in Ankara. - Saudi Arabia's chief prosecutor will visit Istanbul on Sunday to speak with Turkish authorities as part of the investigation into the murder of journalist Jamal Khashoggi, Turkey's president said Friday. (Photo by Handout / TURKISH PRESIDENTIAL PRESS SERVICE / AFP) /

Turkey election: Shock for President Erdogan as he loses capital

Turkey’s opposition candidate for Istanbul mayor Ekrem Imamoglu was leading Monday by nearly 28,000 votes with most ballot boxes counted, Supreme Election Board (YSK) chairman Sadi Guven said.

TUC: Inflation to affect new minimum wage

Inflation has seriously affected the purchasing power of the N30, 000 National Minimum Wage recently approved by the Senate, the Trade Union Congress of Nigeria (TUC) has said.

Report: Nigerians sixth most miserable people in the world

Data compiled by Steve Hanke, an economist from John Hopkins University in Baltimore, USA, has shown that Nigerians are the sixth most miserable people in the world.

Central bank chief Godwin Emefiele foresees 3% GDP growth rate in 2019

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018.

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The Buhari Media Organisation (BMO) has advised former Vice President Atiku Abubakar and the Peoples’ Democratic Party (PDP) presidential candidate in the Feb. 23 election to come to terms with his loss at the election.

Tribunal: Witness faults results of presidential election claimed by Atiku Ababakar, PDP

A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.

Barcelona sell Marc Cucurella to Getafe just hours after re-signing him from Eibar

Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
Nasir El-Rufai

Governor El-Rufai seeks assembly’s approval of N81.68 billion supplementary budget

The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.

Operation Lafiya Dole gets new commander as Naf redeploys senior officers in fresh shakeup

The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.