BLORD IS OUT FROM KUJE PRISON AFTER PERFECTING ALL HIS BAIL CONDITIONS.(PHOTO).

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 So Linus Williams (Blord) has been released from Kuje prison after fulfilling his bail conditions, finally, freedom after a few weeks in custody. However, here’s the current position of his case:  He is still expected to show up and stand his trial.  If he fails to appear in court even for one day, his bail can be revoked and a bench warrant may be issued against him, meaning a return to Kuje. If the prosecution cannot prove the charges against him, he will be discharged and acquitted. If the prosecution proves the charges, he may be sentenced and sent back to Kuje. I think he should seek a peaceful resolution to the case. Congrats to him on his freedom for now.
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INFLATION RATE: NIGERIA DOING BETTER THAN OTHER AFRICAN COUNTRIES- CBN.(PHOTO).

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Inflation rate: Nigeria Doing Better Than Other African Countries – CBN


The Central Bank of Nigeria, CBN said the country’s inflation rate is still doing better than most African nations.


The acting Governor of the CBN, Folashodun Shonubi, stated this at the 2023 Zenith Bank International Trade Seminar in Lagos on Tuesday.


According to him, there were several contributing factors to the global inflation rise Speaking on the theme, “Nigerian Non-Oil Export Industry. The Present, The Future,” Shonubi expressed concern over low growth rate in non-oil exports to Gross Domestic Product ratio.


The acting CBN governor, who was represented by the Deputy Governor, Economic Policy at the CBN, Kingsley Obiorah, said Nigeria’s inflation rate stood at 22.8 per cent, adding that the International Monetary Fund expected the country to have a growth moderation of 3.2 per cent in 2023.


Obiorah stated, “Now, when you come down to Africa and neighbouring Ghana, At the last count inflation there is at 42.5 per cent. We have it at 31 per cent in Ethiopia and 36 per cent in Egypt.


“So, in our dear country, we are at 22.8 per cent. When you hear these figures, it tells you that we’re not doing as badly but all of this has also affected economic growth itself. Today, the IMF has revised growth downwards from 3.5% per cent to three per cent this year and 3 per cent next year.”

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