In fact, the use of policy rate increases is leading to an increase in deposit and lending rates without the compensating desired reduction in the inflation rate. The current inflation in Nigeria is more of ‘supply driven’ inflation than a ‘demand driven’ one. The current low level of consumer credit in Nigeria weakens the relationship between aggregate consumption expenditure level and interest rate. To combat rising inflation in such a situation, increasing the interest rate is not the right choice. To satisfy domestic consumption demand owing to low domestic production capacity, imports of foreign goods will fill the gap.
Source:Nigerian Tribune
February 22, 2024 15:34 UTC
VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions, significantly added to its business footprint in 2023. Among the most significant wins of 2023 was being awarded a global contract for UK visas and citizenship services. Earlier in the year, Latvia, Iceland, and Austria also renewed the global visa services mandates with VFS Global. As an exclusive service provider to the Government of France for select locations in Sub-Saharan Africa, VFS Global expanded France visa services network in Sub-Saharan Africa in September 2023. In 2024, VFS Global will continue to focus on enhancing customer service and business excellence through investments in human capital development and technology.
Source:Nigerian Tribune
February 22, 2024 15:23 UTC
Alexei Navalny's reported bruises on head and chest are consistent with the single punch method, Vladimir Osechkin, founder of the human rights group Gulagu.net said. “It is an old method of the KGB’s special forces divisions," Vladimir Osechkin told the Times of London. “They trained their operatives to kill a man with one punch in the heart, in the center of the body. “And then it becomes very easy to kill someone, within seconds, if the operative has some experience in this," Vladimir Osechkin added. Russian authorities not handing over Alexei Navalny's bodyThe fresh claim comes amid continuous delay in handing over Alexei Navalny's body by the authorities in Russia.
Source:Punch
February 22, 2024 13:40 UTC
Kodak Black allegedly attacked a Florida news crew with rocks and threatened a reporter moments after he was released from jail for the first time in two months on Wednesday. 5 Kodak Black was seen on video throwing rocks at a team of reporters following his release from jail on Wednesday. YouTube/WPLG Local 105 The rapper told WPLG Local 10 reporter Rosh Lowe that he would punch him. 5 At one point, the rapper stood up on a table and told the reporter he would punch him. 5 Kodak Black performs onstage during Day 1 of One MusicFest at Piedmont Park on Oct. 28, 2023, in Atlanta, Georgia.
Source:Punch
February 22, 2024 12:32 UTC
Modified On Feb 22, 2024 05:08 PM By Shreyash for Tata Punch EVThe Tata Women's Premier League 2024 will be held from February 23, 2024 to March 17, 2024The Women's Premier League 2024 is the female cricketers’ equivalent to the Indian Premier League (IPL). The Tata Punch EV, is the latest addition to Tata's all-electric lineup. As Tata is also the title sponsor of the Women's Premier League 2024, the recently launched Punch EV has become the official car of the league, which will be held in India from February 23, 2024, to March 17, 2024. More About Tata Punch EVThe Tata Punch EV is the first all-electric car from Tata to be based on the Acti.EV platform. Price & RivalsThe Tata Punch EV is priced between Rs 10.99 lakh and Rs 15.49 lakh (ex-showroom Delhi).
Source:Punch
February 22, 2024 11:41 UTC
Nigeria’s men and women’s senior cricket teams face tough draws in the group stages of the upcoming 13th African Games in Ghana from March 8 to 24, PUNCH Sports Extra reports. In the men’s event, Nigeria are in Group B with Namibia, Zimbabwe and Tanzania. Their last group game is against Zimbabwe, ranked 13th, two days later. In the women’s event, Nigeria are in Group A alongside South Africa, Namibia and Tanzania. Their first game will be against Tanzania, ranked 19th, March 7, after both sides must have weighed each other at the Nigeria Cricket Federation T20i invitational tournament in Lagos next week.
Source:Punch
February 22, 2024 02:09 UTC
Sewakanu took office as the new state Chairman following the retirement of his predecessor, Abiodun Akinola. Speaking at his inauguration in Imeko, Ogun, Sewakanu pledged an open-door administration, stating that he would be an impartial leader of the union. The new chairman said that the agencies include the Ministry of Education, State Universal Basic Education Board, Teaching Service Commission, Principals and Headmasters general office. The immediate past chairman said that he would continue to ensure that Sewakanu had a successful tenure. Also, the NUT President, Titus Amba, advised the new chairman to follow the good path of his predecessor, who had a meritorious service.
Source:The Guardian
February 22, 2024 02:09 UTC
Following the price reduction, the Tiago EV's XZ Plus Lux long-range (LR) trim is now closely priced to the Tata Punch EV Smart Plus medium-range (MR) variant. PricesTata Punch EV Smart Plus (Medium Range) Tata Tiago EV XZ Plus Tech Lux (Long Range) Rs 11.49 lakh Rs 11.39 lakhAll prices are ex-showroom DelhiFollowing a recent price reduction of Rs 15,000, the Tata Tiago EV XZ Plus Lux long-range variant now costs Rs 10,000 less than the Punch EV's one-step-above base Smart Plus variant. DimensionsTata Punch EV Tata Tiago EV Length 3857 mm 3769 mm Width 1742 mm 1677 mm Height 1633 mm 1536 mm Wheelbase 2445 mm 2400 mm Ground Clearance 190 mm 165 mm Boot Space 366 litres 240 litresAs a micro SUV, the Tata Punch is longer, wider, and taller than the Tata Tiago EV. Also Check Out: Tata Nexon EV Creative Plus vs Tata Punch EV Empowered Plus: Which EV To Buy? Also Check Out: Tata Nexon Facelift Dark Edition To Return Soon, Variants LeakedAlthough the Tata Punch EV Smart Plus misses out on a few convenience features offered on the Tiago EV XZ Plus Lux variant.
Source:Punch
February 21, 2024 20:47 UTC
Russian opposition leader Alexei Navalny may have been killed with a single punch to the heart, a “hallmark of the KGB,” according to a human rights activist claiming to have insider intel. “It is an old method of the KGB’s special forces divisions,” Osechkin said, referring to the much-feared Soviet-era internal security service. “They trained their operatives to kill a man with one punch in the heart, in the center of the body. via REUTERS3 A human rights campaign said it was likely that Alexei Navalny was killed with a single punch to the heart. “It’s possible, of course, but when someone is under the control of the prison system, there are many options as to how to kill them,” the activist explained.
Source:Punch
February 21, 2024 16:09 UTC
In 2010, the European Food Safety Agency (EFSA), have reviewed and deliberated on the article published by de Vendômois et al. EFSA, therefore rejected the claims made by de Vendômois and coworkers regarding the mammalian toxicity of the GM maize. “The EFSA GMO Panel has considered the paper by de Vendômois et al. Despite the total lack of any evidence that Cry 1Ab gene is harmful, the Italian Government banned GM Maize MON810. But, an Italian farmer by the name Giorgio Fidenato, in total defiance of his government decided to plant the same GM maize, MON 810.
Source:The Guardian
February 21, 2024 15:48 UTC
The Force Public Relations Officer, ACP Olumuyiwa Adejobi, has warned officers to stop using the name of the Inspector General of Police, Kayode Egbetokun, in corrupt practices, noting that such an act is a criminal offence. The FPRO disclosed this in a statement on Wednesday, titled, “Dropping IGP’s Name For Corrupt Practices, Extortion In Investigation Unfair, Criminal -FPRO.”He added that the IGP has issued a strong warning against name-dropping and extortion by officers. According to the statement, Egbetokun condemned officers using his name for extortion, highlighting the damage it does to his reputation and the force’s image. “The IGP expressed deep concern, emphasizing that such actions tarnish the reputation of his person and the Police Force, thereby eroding public trust. “The IGP emphasised that any officer found guilty of leveraging his name for fraudulent activities or extortion will face severe disciplinary measures.
Source:Punch
February 21, 2024 14:59 UTC
However, Egypt’s men team finally managed to salvage a victory against Thailand in all their matches in South Korea, as Nigeria leads the exit of African teams from the tournament. Unlike Egypt, African teams such as Nigeria, Algeria, South Africa, and Madagascar have all exited the tournament in the first round. But the Egyptian women’s team led by Dina Meshref gave the continent something to cheer after finishing second in Group 8 behind France. The African champion defeated Czech Republic, Ukraine, and Croatia while they suffered their only defeat against France to advance to the second round of the competition. Meanwhile, former African Games champion Edem Offiong has blamed poor outing of the African teams on lack of preparation while acknowledging that the tournament would help to prepare teams for next month’s African Games in Ghana.
Source:Punch
February 21, 2024 12:52 UTC
UNLIKE previous sporting tournaments in which the country’s flag was flown, the just concluded TotalEnergies Africa Cup of Nations (AFCON) championship, which was hosted by Cote d’Ivoire, was remarkably incident-free. As if to justify this atmosphere of relative serenity, the Nigerian representatives, the Super Eagles, went all the way to the final of the tournament. We also note that, consistent with the team’s overall showing at the tournament, Nigeria has moved up 14 places to 28th in the world in the latest FIFA rankings. This is an indictment of the Nigerian football league, hobbled by corruption, inadequate investment and bureaucratic lethargy. If he decides to leave, the NFF needs to move fast and ensure that a new coaching team is in place before the FIFA 2026 World Cup qualifiers.
Source:Nigerian Tribune
February 21, 2024 07:24 UTC
This tasty party punch recipe is fruity and refreshing, a delightful sipper for teas, showers, or even just backyard parties. Party Punch IngredientsTo make party punch, you’ll need:Cranberry-watermelon juice: This juice blend has a perfect blend of sweet and tart flavors. Victor Protasio, Food Stylist: Margaret DickeyHow To Make Party PunchThis punch recipe couldn't be easier. Party Punch TipsA punch may be an easy large-batch beverage, but there are still ways it could go wrong. Party Punch Recipe VariationsIf you want to try something a little different, you can mix things up with these ideas:Spicy sipper: Use ginger beer in place of ginger ale for a spicier version of this punch.
Source:Punch
February 21, 2024 06:28 UTC