Author: News Room

Banking is a massive, complicated and delicate confidence trick. Normally it works fine. But as soon as people worry that it could fall apart, it often does, sometimes spectacularly.So when an old friend, an entrepreneur in Geneva, messaged me last week to say he had moved his money out of Credit Suisse, having already taken his company’s account elsewhere, it was clear that Switzerland’s second-largest lender was in trouble.The 167-year-old institution, with a SFr531bn balance sheet and more than 50,000 employees, was sold to its bigger Swiss rival for SFr3bn in a rescue deal at the weekend orchestrated by government…

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.An analysis of the rising inflation and concurrent collapse of three major traditional banks — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — recently proved that more than 186 banks in the US are at risk of a similar shutdown if depositors decide to withdraw all funds. ABA’s inquiry aims to identify ways to ease the cost of living…

Us Weekly has affiliate partnerships so we may receive compensation for some links to products and services. Officially one week until spring! Our heart is skipping a beat. There’s a spring in our step! This sunny season represents new beginnings — fresh flowers in bloom, warmer weather and a brand-new wardrobe to match. But since we sadly can’t afford a full closet revamp, we’re on the hunt for spring styles that won’t break the bank. Great news! Nordstrom is offering a huge end-of-winter sale on a wide selection of styles. We rounded up our 21 favorite deals on clothing, handbags…

About 32 million people around the world have Alzheimer’s disease, for which there is currently no cure. Researchers from the Air Force Medical University in China have discovered a potential new therapeutic target for Alzheimer’s disease through the modification of mRNA. These mRNA modifications were able to lower cognitive symptoms of Alzheimer’s disease in a mouse model.About 32 million people around the world have a type of dementia known as Alzheimer’s disease. There is currently no cure for Alzheimer’s disease. Although there are some treatment options available, much research continues to find additional therapies. For example, a research team at…

The Independent National Electoral Commission (INEC) has declared Governor Abdullahi Sule, the candidate of the All Progressives Congress (APC), as the winner of the governorship election in Nasarawa State. Ishaya Tanko, INEC State Collation and Returning Officer, officially announced the result on Monday in Lafia at the Nasarawa State Collation Centre. The INEC returning officer said the APC candidate polled a total of 347,209 votes to defeat his closest opponent- David Ombugadu of the Peoples Democratic Party (PDP) who secured 283,016 votes. The returning officer said:” Abdullahi Sule of APC, having satisfied the requirements of the law and scored the…

Amid the uncertainties being faced by Nigerians due to the scarcity of the redesigned Naira notes, the nation’s inflation rate rose in February. Inflation rose to 21.91 per cent in February compared to 21.82 per cent in January, the National Bureau of Statistics announced Wednesday. The statistics office said the February inflation rate showed an increase of 0.09 per cent points when compared to January’s headline inflation rate. In recent months, Nigerians have faced an unprecedented cash crunch as a result of the naira redesign policy of the Central Bank of Nigeria (CBN). The crisis has plunged many citizens into…

Babajide-Sanwo-Olu. the executive governor of Lagos state. Unkind and uncouth name callers may daily earn their dubious celebrity at the expense of indefatigable leaders like Tinubu and Sanwo-Olu, but such leaders triumph again and again because they find the fortitude to stay the course, daily contending with and finding pragmatic models of harnessing the peculiarly complicated landscape they are confronted with. An important achievement of Abimbola Adelakun’s essay “Yoruba Ronu, Yes, Ronu!” published last week is that it managed to send hordes of the uninitiated scurrying to search for the meaning of the word ‘irredentism.’ But that opinion piece is…

To reduce the high rates of maternal deaths in Nigeria, the government must prioritise health and ensure free access to maternal health services especially in rural communities, some health experts have advocated. These experts who spoke during a one-day summit themed ‘Re-echoing Voices for Family Planning Funding and Need to Make Maternal Health Services Free by Incoming Political Leaders” agreed that access to free maternal care is a major way to end high mortality rate in the country. The summit was organised by the Association of Nigeria Health Journalists (ANHEJ) with support from Advocacy in Child and Family Health at…

The Presidential Campaign Council of the All Progressives Congress (APC), has asked farmers to resist voting for presidential candidates who seek to re-open land borders. Director of the Agro-Directorate of the PCC, Abubakar Bello, stated this on Thursday at the national stakeholders engagement and mobilisation summit at the campaign headquarters in Abuja. Mr Bello noted that farmers cannot afford to be complacent by allowing someone who will reverse the policy of this administration. “We should never be complacent, we heard over the news that one of the presidential candidates informed the world that he will open the land borders of…

Following the first edition’s success, Africa Film Academy (AFA) and the Lagos state government (LASG) are set to create another edition of the ‘Film in a Box’ Initiative. The initiative aims to empower young filmmakers by providing training and mentorship to foster the growth of the creative industry in Lagos. During the first edition in June 2022, 860 young Lagosians were trained in various aspects of filmmaking. They all received government gr, ants just as many of them have since been integrated into mainstream Nollywood The African Film Academy was founded by the late Nigerian Filmmaker and AMAA awards founder…