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Nigeria’s Inflation Rises for Second Consecutive Month

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  • Nigeria’s Inflation Rises for Second Consecutive Month

Prices of goods and services rose for a second consecutive month in September following 18 months of a downward trend.

The Consumer Price Index, which measures inflation rate, climbed by 11.28 percent year-on-year in September, up 0.05 percent higher than the 11.23 percent recorded in August.

On a monthly basis, the headline index rose by 0.84 percent in September, down by 0.21 percent from the 1.05 percent filed in August.

The Central Bank of Nigeria led Monetary Policy Committee first predicted the increase in July, saying election spending and 2018 budget implementation will bolster inflation rate towards the end of the year.

Therefore, the committee is likely to hike the interest rate in the fourth quarter to curb interest rates and sustain capital importation amid rising interest rates in developed economies.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Military Storms Bobi Wine House After He Rejects Election Results

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Military Storms Bobi Wine House After He Rejects Election Results

Robert Kyagulanyi, popularly known as Bobi Wine, Ugandan presidential candidate in the just concluded presidential race, said the Ugandan military has surrounded his house and even jumped over the fence to take over the compound.

In a quick tweet, the opposition presidential candidate said “My home has been surrounded by soldiers, they’ve jumped over the fence, they’ve taken over my compound, they’ve arrested my security guard.

The invasion was after Bobi Wine had rejected election results and alleged that Thursday’s election was rigged.

He said “every legal option is on the table” to challenge the official results, including peaceful protests. He referred to himself as the “president-elect.”

None of these military intruders is talking to us. We are in serious trouble. We are under siege,” wrote Wine, who was arrested several times during campaigning but never charged while dozens of party members were detained.

Museveni government had cut internet access on the eve of the largely peaceful election day, and it remains off.

According to Uganda’s electoral commission, President Yoweri Museveni leads Wine 62 percent of ballots while Wine had 29 percent. The commission expects to declare the final results on Sunday afternoon.

“We secured a comfortable victory,” Wine said. “I am very confident that we defeated the dictator by far.” He was considering “peaceful and nonviolent protests” over the declared results and said “every legal option is on the table.” Candidates can challenge election results at the Supreme Court.

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Heartbroken American Mistress Displays Dangote’s Buttocks in a Viral Video

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Heartbroken American Mistress Displays Dangote’s Buttocks in a Viral Video

2021 started with Dangote trending across social media after an obvious heartbroken American mistress shared her relationship with the world’s richest black man.

Bea Lewis, a restauranteur based in Atlanta, Georgia, US, took to her Instagram @iambealewis to share her experience dating the richest black man alive and how he broke her heart into 1000 pieces.

In her words, she said “In my 33rd year, I dated the richest black man in the world. He broke my heart in 1000 pieces.” 

She explained that “I learned more from him than any person I’ve ever met. Communicating with a billionaire daily makes you see the world different than your humble beginnings in liberty city.

“I became more organized and finally am able to step away from the daily kitchen operations.”

Bea Lewis added that Dangote changed her perspective on work ethic and patience.

“Once my mindset changed, the universe gravitated me to people that uplifted me and increased my net worth mentally and financially,” she stated.

She then attached a picture of them together.

However, in another shocking revelation, another American with Instagram handle @allarounda1 posted a video of Mr. Dangote on a couch inside what seems like a luxury yacht after a back and forth argument with Be Lewis on who truly dated the world’s richest black man. It was unclear in which country the yacht was sailing when the mistress took the video, but it clearly showed she shot the video without his knowledge. See the video below.

 

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Tunde Thomas: FCMB Commences Review Into Allegations of Unethical Behavior Against MD Nuru

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Tunde Thomas: FCMB Commences Review Into Allegations of Unethical Behavior Against MD Nuru

First City Monument Bank (FCMB Group Plc) has commenced a review of unethical behaviour levied against its Managing Director, Adamu Nuru, who allegedly impregnated and fathered two kids with a married staff of the bank.

Investors King earlier reported that a group of people seeking justice had petitioned the Central Bank of Nigeria, and the board of FCMB concerning unethical behavior of Adamu Nuru and a former staff of the bank, Moyo Thomas, that led to the death of Tunde Thomas, the husband of Moyo Thomas.

Also read FCMB Group MD Links to Death of Tunde Thomas, Husband of Married Staff He Fathered Her Kids

However, in a statement to media, Diran Olojo, the Head, Corporate Affairs, Diran Olojo, FCMB Group, said the bank was aware of the allegations making the rounds against its Managing Director.

Olojo revealed that the financial institution had commenced a review into the matter, saying the outcome would be discussed in due course.

We are aware of several stories circulating across several media platforms about our bank’s Managing Director, Adam Nuru, a former employee Ms Moyo Thomas and her deceased ex husband, Mr Tunde Thomas,” the statement read.

“While this is a personal matter, the tragedy of the death of Mr Tunde Thomas and the allegations of unethical conduct, require the bank’s board to conduct a review of what transpired, any violations of our code of ethics and the adequacy of these code of conduct ethics. This will be done immediately.

“We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various families involved.

“Our Board of Directors are reviewing all aspects of this report and once they are done with their review, we will revert to you.

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