News
Nigeria’s inflation rate hits 32.7%
By Kayode Sanni-Arewa
The National Bureau of Statistics (NBS) says the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in September.
This is the first increase in three months after the country’s inflation rate declined twice in 2024.
The latest inflation data is contained in the NBS CPI report for September, released on Tuesday.
More to follow…
THE CABLE
News
Galatasaray technical director opens up on nature of Osimhen’s contract
Galatasaray technical director Okan Buruk has confirmed the presence of a clause in Napoli’s Victor Osimhen loan deal.
Buruk explains that the January clause in Victor Osimhen’s contract allows the player to explore opportunities with various interested clubs during the January transfer window.
This statement came during an interview on the official website of the Turkish champions, where Buruk discussed various topics related to the team.
During the interview, Buruk explained that Osimhen would like to stay at Galatasaray until the end of the season.
He noted that although there is a transfer clause in force, the player has expressed his intention to stay at the club, which he reiterated from the beginning of his arrival.
He stated, “Osimhen wants to stay here until the season is over and he has said this consistently. Although there is a clause regarding January transfers, ultimately it is the player’s decision and he feels committed to staying.”
Reflecting on how the club secured Osimhen’s services, Buruk shared: “I traveled to Milan when I had the chance. Because I lived there for three years, I feel comfortable there. We didn’t talk about football during my visit; instead, we enjoyed dinner together for two days, which helped foster a good relationship. After a match against Adana Demirspor, we had a video call at the airport to discuss the options, and after careful consultation with our transfer committee and the president, we completed the transfer.”
Osimhen joined Galatasaray on the final day of the summer transfer window after negotiations with Chelsea and Al Ahly failed to materialize. He quickly adapted to his new surroundings and made significant contributions with eight goals and four assists in just nine appearances in all competitions.
Eaglespath
News
Ondo: Gov Aiyedatiwa says he’s not aware of vote buying on his behalf
Ondo State Governor Lucky Aiyedatiwa has stated that he was not aware that his political associates bought votes on his behalf.
This is coming a few hours after he emerged victorious in all the 18 local government areas of the state.
According to report, the incumbent governor and candidate of the All Progressives Congress, APC, was accused of vote-buying after his victory in the November 16 election.
However, speaking in an interview with Channel TV on Sunday night, the governor noted that the oppositions are using the vote-buying allegation as an excuse for their loss.
“I’m not aware of such. The opposition will want to say that to make excuses for their failure, but for us, it is what we worked for; the people have spoken through their votes.
” There won’t be any reason to buy votes because Ondo people know what they want. I’m not aware of people buying votes on my behalf.”
News
Uncovered! World Bank exposes $32m missing funds in Nigeria’s water project
In Nigeria’s water project, the World Bank has discovered $32 million in undeclared payments.
The banks recently released their FY2024 Sanctions System Annual Report, which included this information.
According to the study, the lost monies were meant to improve Nigeria’s water infrastructure but were not properly accounted for, which led to an intervention to protect the project’s integrity.
“INT followed up on risks identified regarding a project in Nigeria’s water sector and flagged to operations the risk, which was associated with $32 million of unaccounted funds.”
The World Bank worked with the project team, which included the operations manager, financial management expert, and task team leader for Nigeria, in an effort to retrieve the money.
While $6 million is still in the project account to cover expected operating costs, the Central Bank of Nigeria has requested reimbursement of $22 million.
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