Think-tank Projects Inflation Drop To 17% By December, Predicts MPC Rate Cuts

The Independent Media and Policy Initiative (IMPI),  a Nigerian policy think-tank, has projected that Nigeria’s headline inflation will fall to 17 per cent by December. The IMPI Chairman, Dr Omoniyi Akinsiju, in a statment on Wednesday, said the projection would be recorded, following consecutive declines that brought the figure down to 20.12 per cent in August. Akinsiju…

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Syria’s Al-Sharaa To Hold Talks With Turkey’s Erdoğan On Tuesday

Interim Syrian President Ahmed al-Sharaa would meet Turkish President Recep Tayyip Erdoğan in Ankara on Tuesday on his second official trip abroad since taking power. The Turkish communications directorate announced this on Monday. The meeting would be held on Tuesday afternoon, the presidential palace in Ankara said. Sources in the Syrian transitional government have confirmed…

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AU Unveils 2024 Africa Malaria Progress Report

The African Union (AU) on Sunday unveiled the 2024 Africa Malaria Progress Report, highlighting funding priorities and addressing challenges and threats hindering the elimination of malaria. This announcement was made in a statement by Mr Molalet Tsedeke, Media Centre Coordinator at the Directorate of Information and Communication of the AU Commission. It was delivered during…

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$17.4trn Global Upstream Investment Required By 2030 To Avoid 23m bpd Market Deficit – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million barrels per day (bpd) by 2030, if investment in the global upstream industry stops. OPEC also said that global cumulative oil-related investments of 17.4 trillion dollars are required by 2050 to meet up the energy demand….

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Fire Guts Electronics Shops In Anambra

An early morning fire outbreak at a storey building housing electronics and electrical appliances on Wednesday, destroyed property worth millions of naira in Nnewi North Local Government area of Anambra,. Mr Chukwudi Chiketa, the Fire Chief, Anambra Fire Service, made this known to the News Agency of Nigeria (NAN) in Onitsha. Chiketa explained that the…

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Britain Backs Nigeria With £19m For Climate-resilient Schools And Hospitals

Nigeria’s fight against climate change has received a boost with a £19 million (approx. $24 million) funding package from the United Kingdom to strengthen vital health and education infrastructure. The investment, channelled through the Climate Resilient Infrastructure for Basic Services (CRIBS) initiative, will provide 39 health centres and 45 schools built to withstand flooding, droughts,…

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Matawalle vows tougher military response after Benue massacre

Minister of State for Defence, Bello Matawalle has vowed to intensify military operations in the country’s North Central region following a deadly attack that claimed over 150 lives in Benue State. Matawalle, reaffirmed the Armed Forces’ commitment to restoring peace using both kinetic and non-kinetic strategies. The former governor of Zamfara state, who was on…

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