Photo by vectors icon on Pexels.com The Office for Budget Responsibility (OBR) said that six million people would be hit by ‘stealth taxes’, like freezes for tax thresholds, over the next five years, boosting government coffers by £120 billion. The independent economic analysts said this would be the equivalent of a 4p increase in the … Continue reading Record drop in household income expected in the UK
Tag: economy
Emefiele: I have ordered banks to distribute old N200 notes
The governor of the Central Bank of Nigeria, Godwin Emefiele has said that he had met the commercial banks and given them directives on how to make the old N200 naira notes available to Nigerians. Emefiele said this in a video clip recently posted on the CBN official Twitter handle while addressing journalists after his … Continue reading Emefiele: I have ordered banks to distribute old N200 notes
Emefiele: CBN has the capacity to meet currency needs
The headquarters of the Nigerian central bank stands in Abuja, Nigeria, on Wednesday, Oct. 21, 2015. The Central Bank of Nigeria has given assurance that it has the capacity and enough materials to produce the required indent of the Naira for all. The apex bank appealed to the public to disregard any contrary report to … Continue reading Emefiele: CBN has the capacity to meet currency needs
Why APC governors are angry with CBN, Buhari
Governors elected on the platform of the ruling All Progressives Congress (APC) have rejected the February 10 deadline set by the Central Bank of Nigeria (CBN) to end the legal tender status of the old N1000, N500 and N200 notes Credible sources close to the governors said they were worried Nigerians have been finding it … Continue reading Why APC governors are angry with CBN, Buhari
Why 133 Million Nigerians are living below poverty line
Photo by Mikhail Nilov on Pexels.com The recent report by the Nigeria Bureau of Statistics (NBS) that about 133 million Nigerians live in poverty is generating serious controversy, with the Federal and State governors now trading words. Recall that in the early month of November, NBS disclosed that 133 million Nigerians were multi-dimensionally poor, saying … Continue reading Why 133 Million Nigerians are living below poverty line
Corruption crippling African economies – Buhari
President Muhammadu Buhari in New York at the weekend urged African leaders to fight tirelessly to get rid of corruption, lamenting that the continent has remained at the far end of global development index because of its menace. The president spoke in his capacity as the African Union champion on efforts to eliminate corruption in … Continue reading Corruption crippling African economies – Buhari
Which way, Nigeria?
NIGERIAN NAIRA IS FAST BECOMING THE WEAKEST CURRENCY IN AFRICA, AS CHOICE OF PRESIDENT OF NIGERIA IS POOR AND WEAK BOTH ACADEMICALLY AND EDUCATIONALLY. See and judge your economy👇👇👇👇 South Africa: Rand 1= ₦79 Angola: 1Kwanza = ₦12 Botswana: 1Pula = ₦28 Cape Verde: 1Escudo = ₦8 Algeria: 1Dinar = ₦12 Egypt: 1Pound = ₦35 … Continue reading Which way, Nigeria?
Buhari congratulates new British Prime Minister, Liz Truss
The President, Major General Muhammadu Buhari (retd.), on Tuesday, congratulated the new Prime Minister of Britain, Liz Truss, on her assumption of “this trusted position of leadership”. Truss, who served as foreign secretary until her emergence, defeated top contender Rishi Sunak on Monday under the Conservative Party. This is according to a statement signed by … Continue reading Buhari congratulates new British Prime Minister, Liz Truss
UK automobile industry facing £90 million energy cost hike
New analysis reveals UK auto manufacturers face £90m uplift in energy bills this year as costs surge 50%.Sector already spends £50m more per annum for energy than EU counterparts, with the UK having some of the highest electricity costs in Europe.Industry calls for urgent action as UK’s £21.2bn auto supply chain races to meet accelerated … Continue reading UK automobile industry facing £90 million energy cost hike
Number of births in China falls to a record low level
On Monday, statistics showed Mainland China's birth rate has dropped to a record low of 7.52 births per 1,000 people in 2021, compared with 8.52 births per 1,000 in 2020. Photo by Pixabay on Pexels.com The new figures continue a downward trend that forced the government to allow couples to have up to three children … Continue reading Number of births in China falls to a record low level
Rising cost of food hurts US food banks
This will be the most expensive Thanksgiving in America in years because of high food prices, which also are hurting many of the nation's food banks on which tens of millions of people in the US rely. Photo by Norma Mortenson on Pexels.com Nearly every component of the Thanksgiving feast, from the turkey to the … Continue reading Rising cost of food hurts US food banks
Bank of England sets financial plan to improve UK economy
The Bank of England (BoE) said on Thursday, August 5, it could see a modest reduction ahead in the huge support it has provided to Britain's economy during the COVID-19 pandemic and set out how it could gradually tighten monetary policy. Photo by Anthony on Pexels.com For now, the central bank decided to keep its stimulus at full speed, … Continue reading Bank of England sets financial plan to improve UK economy
COVID-19: Paris plans 3-week lockdown, in a bid to ‘reopen everything’
The city of Paris is considering proposing a three-week lockdown in a bid to “reopen everything” in the City of Lights afterwards, the deputy mayor said Thursday, calling the current nighttime curfew a “half-measure” and a “semi-prison” that never ends. In an interview with French broadcaster Franceinfo, Deputy Mayor Emmanuel Grégoire said that the left-wing run city … Continue reading COVID-19: Paris plans 3-week lockdown, in a bid to ‘reopen everything’
Italy shaken by the coronavirus as recession looms
The focal point of the coronavirus emergency in Europe, Italy, is also the region's weakest economy and is taking an almighty hit as foreigners stop visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design. Europe’s third-largest economy has long been among the slowest growing in the region and … Continue reading Italy shaken by the coronavirus as recession looms
How wealthy Singaporeans see the U.S.-China trade war
Singaporean Prime Minister Lee Hsien Loong has warned that the trade war between the US and China could impact the growth of the affluent city-state. Image: Prime Minister Lee Hsien Loong In his New Year’s message, Lee expressed that the trade tensions between the two major superpowers could force others to pick sides. … Continue reading How wealthy Singaporeans see the U.S.-China trade war
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