Nigeria’s central bank took bold action against the rising cost of living. It raised its main interest rate by 400 points to 22.75%. This comes as inflation hits a 30-year high of 30%. The naira also fell sharply against the dollar since President Bola Tinubu took office last May. Yemi Cardoso, the bank’s governor, shared […]
Related Posts
Argentina’s Inflation Hits Highest Rate in 21 Years
In August, Argentina’s yearly inflation hit 124.4%, which is an 11-point jump from July’s 113.4%. The National Institute of Statistics and Censuses, or Indec, released these figures today. The inflation rate for that month stood at 12.4%. This is almost double July’s 6.3%. It’s the country’s highest monthly rate in 21 years. Food prices rose […]
Airbus Equips German Navy for Russian Submarine Surveillance
Airbus is set to deliver 31 NH90 Sea Tiger helicopters to the German Navy by late 2025. This plan, established in a 2020 contract, recently advanced with a successful test flight at Airbus’ Donauwörth facility. German Navy Commander Broder Nielsen highlighted the helicopters’ role in NATO’s submarine warfare. He stressed the urgency to track well-equipped […]
