Chancellor Rishi Sunak faces a “huge judgment call” over whether to borrow more or allow household budgets to be squeezed, new research suggests. The Institute for Fiscal Studies (IFS) says the soaring cost of living and war in Ukraine present fresh challenges ahead of the Spring Statement. Without extra protection, many households will struggle to […]
Women under various groups on Thursday continued their protest at the National Assembly gate. For the fifth day, the women gathered early morning at the National Assembly demanding that lawmakers rescind their decision over rejection of five gender bills in the process of amendment of 1999 constitution. The protest by the women drawn from various […]
Worried by the challenges faced by the girl-child, Fidelity Bank Plc. has announced a N10 million financial support to build an information technology (IT) centre for the Dream Catchers Academy for Girls. The Managing Director, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, made the announcement at the bank’s 2022 International Women’s Day celebration in collaboration with […]
Frozen Russian assets should be used to rebuild Ukraine after the war, the governor of Ukraine’s Central Bank has told the BBC. Kyrylo Shevchenko called for an extensive list of extra sanctions, from cutting card payments to suspending Russian access to the IMF. Every day that sanctions are delayed “is costing the lives of civilians […]
The spike in energy prices caused by Russia’s war in Ukraine will produce effects comparable to the 1973 oil shock, French Economy Minister Bruno Le Maire warned on Wednesday. The current energy crisis was “comparable in intensity, in brutality, to the oil shock of 1973,” Le Maire told a conference in Paris. “In 1973, as […]
The Nigerian Bar Association (NBA) has slammed Ebonyi State Governor Dave Umahi for refusing to obey a court order which has asked him to vacate office as governor of the state. NBA President, Olumide Akpata, in a statement on Wednesday, described Umahi’s response as “impunity of the highest order and executive rascality taken too far.” […]
The EU has agreed to add more Russian oligarchs and officials to its sanctions blacklist, tighten rules on cryptocurrency transfers and target the maritime sector over Moscow’s war in Ukraine, diplomats said Wednesday. The 27-nation bloc also gave the go-ahead to cut three Belarusian banks from the global SWIFT messaging system over Minsk’s support for […]
Nigeria Governors’ Wives Forum (NGWF), yesterday, stormed the National Assembly Complex to protest rejection of gender bills during the constitution amendment session last week. The action came as the world marked International Women’s Day. The governors’ wives, led by their chairperson and wife of Ekiti State governor, Bisi Fayemi, joined hundreds of Nigerian women who […]
Consumer giants including McDonald’s, Coca-Cola and Starbucks have joined the list of firms halting business in Russia due to the invasion in Ukraine. McDonald’s said it was temporarily closing its roughly 850 restaurants in Russia, while Starbucks also said its 100 coffee shops would shut. On Wednesday, Heineken stopped beer production and sales in Russia. […]
The World Bank has approved $723m (£551m) in loans and grants for Ukraine, as the country fights against a Russian invasion. The bank said it is continuing to work on another $3bn package of support in the coming months for the country. It also promised extra help for neighbouring countries that are taking in more […]