The first train deployed in the operation moved 23 trucks across the border from Ukraine into Poland this morning, Ukrzalynitsya said. Officials were working out ways to speed up the procedure and efforts were under way to have trucks moved in the opposite direction, into Ukraine. Drivers were being moved across the border by bus, … Continue reading Ukraine using train platforms to bypass border blockade by Polish truck drivers
Bank customers have said that they are unable to withdraw their deposits for transaction in yuletide season in Ondo State, as the banks have slashed their withdrawal limits across the state. A LEADERSHIP Weekend investigation revealed that [b]many customers could not withdraw the amount they needed over the counter due to a lack of adequate … Continue reading Nigerians Lament As Banks Slash Withdrawal Limits Ahead Of Christmas
Kano State Government says it has discovered a warehouse in the state where food items meant for palliatives were being diverted. Malam Bature Dawakin-Tofa, the Press Secretary to the governor, stated in a statement issued on Sunday in Kano that the warehouse was located at Sharada Industrial Estate. Dawakin-Tofa stated that Gov. Abba Yusuf and … Continue reading Kano govt uncovers warehouse for palliative diversion
Six months after the Federal Government announced the removal of fuel subsidy, the hardship occasioned by that decision is yet to abate. This is also as the citizens continue to await the palliatives promised by both the Federal Government and the various state governments. While the Federal Government announced a N35,000 wage award, different state … Continue reading Subsidy removal: Hardship bites harder as Nigerians await palliatives
The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, said monetary policy measures put in place by the apex bank would substantively tackle Inflation in the next two quarters. Cardoso disclosed this on Friday during his remark at the 58th Bankers Dinner of the Chartered Institute of Bankers of Nigeria in Lagos. According … Continue reading Nigeria’s inflation will reduce in next two quarters – CBN Governor
Mansur Matazu, Director-General of the Nigerian Meteorological Agency, has stated that flooding has cost the country $4.6 billion, significantly impacting the country’s GDP. Matazu disclosed this at a workshop on increasing access to climate information services for national development and food security in Nigeria, hosted by NIMET, in partnership with the Human and Environmental Development … Continue reading Nigeria has lost over $4.6bn to flooding — NiMet Boss
The Central Bank of Nigeria insisted its monetary policy reforms had impacted the deceleration of prices in the country despite the rising inflation rate. MEZIESBLOG reports that Nigeria’s October inflation, which stood at 27.33 per cent, represents an 18-year high. But, the apex bank’s Director of Corporate Communications, Isa AbdulMunin, reacting to the National Bureau … Continue reading CBN reacts to Nigeria’s soaring inflation
A professor of Soil Survey and Land Evaluation, Gabriel Akinboye Oluwatosin, has called on the federal government and other stakeholders to develop a national soil information system in the country. Oluwatosin noted that this is necessary in order to ensure the production of nourishing food and prevent hunger in the country. The don made these … Continue reading ‘Develop national soil information system to avoid hunger’- Don warns FG
President Bola Tinubu, on Saturday in Riyadh, Saudi Arabia, began his deliberation with the captains of the Saudi Arabian industry at the Nigeria-Saudi investment roundtable. The President declared that with his team in place, every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business, … Continue reading Will Tinubu uphold agreement with Saudi investors?
Rwanda announced Thursday that it will allow Africans to travel visa-free to the country, becoming the latest nation on the continent to announce such a measure aimed at boosting free movement of people and trade to rival Europe’s Schengen zone. President Paul Kagame made the announcement in the Rwandan capital, Kigali, where he pitched the … Continue reading Rwanda approves visa-free travels for all African countries
Several African ministers and US officials gathered in the South African city of Johannesburg Thursday for a three-day meeting of the US Africa Growth and Opportunity Act (AGOA) trade forum. AGOA is a special US legislation signed into law in 2000, granting duty-free access to nearly 40 sub-Saharan African countries to the US markets. The … Continue reading US-Africa summit starts in South Africa to discuss trade, development
Despite economic data showing the labor market was easing and inflation in retreat, U.S. stocks soared on Thursday. "There is a little bit of a follow through from yesterday, and then this morning, we got some of the productivity and unit labor cost numbers, and the unit labor cost numbers are actually negative," Megan Horneman, … Continue reading US stocks rise as Nasdaq gains 233 points
Transcript of Fed Chair Jerome Powell's speech Thursday at the Economic Club of New York Recent Economic DataIncoming data over recent months show ongoing progress toward both of our dual mandate goals-maximum employment and stable prices. InflationBy the time the Federal Open Market Committee (FOMC) raised rates in March 2022, it was clear that restoring price stability … Continue reading Transcript of Jerome Powell’s speech at the Economic Club of New York
Amid increased household spending, U.S. retail sales rose more than expected in September, maintaining expectations that economic growth rapidly accelerated in the third quarter. Despite predictions in late 2022 of a possible recession this year, the economy's ongoing strength has been underscored by other data released this week, which showed production at factories rising in … Continue reading Rising retail sales, factory output show robust US growth in Q3
The Naira appreciated at the close of work on Wednesday against the Dollar as it exchanged at N790/$1 at the official window. This is according to FMDQ Wednesday’s forex trading report. Wednesday’s rate of N790/$1 represented a N58 disparity from the N848/$1 traded on Tuesday. However, we reported that Naira had continued its free-fall at … Continue reading Naira gains against Dollar, exchanges at 790/$1 in official forex market
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