South Korea’s consumer price inflation (CPI), increased in June, its fastest pace since 1998, adding pressure on the country’s apex bank to tighten its policy further, official data showed on Tuesday. The consumer price index gained 6.0 per cent year-on-year in June, following a 5.4 per cent increase in May. The Korean statistics agency reported that this was the fastest rate of growth since Nov. 1998, and exceeded the expected rate of 5.9 per cent. Excluding food and energy, core consumer prices advanced to 3.9 per cent in June, following a 3.4 per cent rise in the preceding month. On…
Author: Newsdesk
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has licensed about 88 Liquefied Petroleum Gas (LPG) plants and skids in Kaduna State. Abdullahi Ibrahim, the team lead, LPG Plants NMDPRA, Kaduna office, said this in an interview on Tuesday. Ibrahim said that there were 44 licensed LPG plants within the state and environs which the authority ensured all safety precautions were taken before licensing the facilities. He added that there were 44 skids among which 27 had already been licensed while the remaining 17 were waiting for Approval To Install (ATI). “Skid is any gas you see…
The UN Population Fund (UNFPA) has urged governments around the globe to invest in adolescent girls to expand their opportunities, resources and skillsets. The information is in a statement issued by Kori Habib, the Media Associate of the Fund in Nigeria. Habib stated that the Fund made the call as it released the findings of its research that revealed that nearly a third of women in developing countries begin childbearing at age 19 or younger. She added that the research findings, released on Tuesday in New York, states that if governments invest in adolescent girls and boost their opportunities, it…
Ethiopia’s prime minister and a rebel group, on Tuesday traded blame over a mass killing in Oromiya. Oromiya, Ethiopia’s most populous region, in recent months, is experiencing escalating violence between rival ethnic groups, where hundreds of people have died. The state-appointed Ethiopian Human Rights Commission (EHRC) said the latest killings took place on Monday in two villages in Kellem Wollega zone, about 400 km, west of the capital Addis Ababa. However, the EHRC and Prime Minister Abiy Ahmed have put blame on Oromo Liberation Army (OLA), a banned splinter group of an opposition party, for the killings, which Abiy called…
Police on Tuesday dismissed as misleading, stories making the rounds that four terrorists entered the Grace of God Church, Onitsha, Anambra on Sunday in an effort to bomb the place. Police spokesperson in Anambra, DSP Tochukwu Ikenga, stated in Awka that a Facebook post by one Chinasa Nworu that terrorists sneaked into the church was meant to mislead the public. Nworu had claimed in the post that suspected terrorists burnt a congregant, while three others fled into a nearby military barracks just as they were still holding others to ransom. “The post was not only false, but a complete mischievous…
Season Seven of the Big Brother Naija (BBNaija) reality TV show will premiere on Saturday, July 23, 2022, according to Multichoice Nigeria. In a press conference on Tuesday, the organizers also revealed a N100 million grand prize for this year’s winner. Busola Tejumola, Multichoice Nigeria’s head of programming and West Africa channels, stated that the winner of the reality TV show will receive N50 million in cash and another N50 million in prizes from the sponsors. The reality show will premiere with two opening ceremonies on Saturday, July 23 and Sunday, 24. It will air from 7pm on DStv channel…
A High Court in Kaduna state on Tuesday ordered the EFCC to sell an iPhone 12, HP laptop and a Mercedes Benz C300 belonging to Julius Emmanuel and the proceeds paid into federal government coffers. Delivering Judgment, Justice Hannatu Balogun, sentenced Emmanuel after he pleaded guilty to internet related fraud to one year imprisonment with an option of N300,000 fine. Earlier, the EFCC Counsel, E. K. Garba, told the court that the convict was arrested based on intelligence report received on his internet-related fraud activities. Garba said on receiving the report, the convict was arrested in his residence in Kakuri…
The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ Securities Exchange. The N250 billion Sovereign Sukuk was issued in December 2021. Proceeds from the Sovereign Sukuk, which was heavily oversubscribed, were meant for execution of infrastructural projects across the country. According to the DMO, the listing is done to maximise market liquidity for investors in the Sovereign Sukuk “To maximise market liquidity for investors in the Sovereign Sukuk, the DMO is listing the N250 Billion Sovereign Sukuk, which was issued in December 2021, on the NSE and the FMDQ…
Nigeria’s Super Falcons began their title defence on a faltering note on Monday at the 12th Women’s Africa Cup of Nations (WAFCON) in Rabat, Morocco by losing again (1-2) to South Africa’s Banyana Banyana.
Leaders of the Economic Community of West African States (ECOWAS) have adopted the recommendations of its mediator for Mali and Nigeria’s former President, Dr Goodluck Jonathan, concerning the lifting of economic sanctions on the country. Jonathan’s six-point recommendation was adopted in Abuja on Monday after presented the document to ECOWAS leaders at the 61st Ordinary Summit in Accra Ghana. Jonathan’s recommendations were expected to pave the way for the implementation of a new 24 month transition period and the final resolution of Mali’s protracted sociopolitical crisis. Jonathan had in a briefing last weekend recommended to the authority of Heads of…