Listen to Obinwannem World’s trading news updates on May 3, 2024 (Ubochi Orie Mmiri)
1. The Purchasing Managers’ Index, PMI, rose marginally to 51.1 in April 2024, occasioned by the slowdown in the rate of increases in prices and output charges.
The Stanbic IBTC’s PMI survey report released yesterday revealed that inflationary pressures softened in the Nigerian private sector during the month as against the position in the previous month of March. The Stanbic IBTC’s PMI survey report released yesterday revealed that inflationary pressures softened in the Nigerian private sector during the month as against the position in the previous month of March.
2. SDGs: Access Bank advocates innovative financing models (premium times)
the 2024 Medic West Africa event, organised by ABCHealth in collaboration with Informa Markets, Access Bank reaffirmed its dedication to fostering positive transformation in healthcare across Africa.
The event, which served as a platform for stakeholders across industries to deliberate on the theme ‘Healthcare Investments in Africa: Mobilising the Private Sector to Drive Healthcare Investments in Africa,’ aimed to chart a path through which corporates can leverage innovative financing models and strategic partnerships in fostering the achievement of the United Nations Sustainable Development Goals.
3. The Nigerian Defence Headquarters, on Thursday, said troops killed over 715 terrorists in April, while 465 kidnapped hostages were freed in the same period. According to the military, the feat was achieved through coordinated ground and air operations. The Director of Defence Media Operation, Maj-Gen Edward Buba, disclosed these during a bi-weekly media briefing in Abuja. Buba stressed the non-negotiable defeat of terrorist groups to prevent further harm to citizens.
4. On Thursday, The visitation panel to the Taraba State University said it uncovered financial infractions to the tune of N3.5bn in the university. The chairman of the panel, Prof. Josiah Sabo-Kente, who addressed journalists in Jalingo on Thursday, said the university operated a poor accounting system since its inception in 2008. He added that the university was being operated below the minimum standards of the National Universities Commission. The panel, therefore, recommended a total overhaul of the university system.
5 . Vice President Kashim Shettima on Thursday said President Bola Tinubu’s economic reforms of the past year “saved the life of the nation”. He described them as necessary given the poor state of Nigeria when he assumed office on May 29, 2023. “His Excellency, President Bola Tinubu, chose the option that will save the life of the nation instead of one that will merely prolong its imminent and predicted economic death,” said Shettima when he appeared as the guest speaker at the Second Chronicle Roundtable in Abuja.
Foreign News
6.. A hydroelectric dam has collapsed in southern Brazil after days of heavy rains that triggered massive flooding, killing more than 30 people. Officials say another 60 people are missing in Rio Grande do Sul state. About 15,000 residents have fled their homes since Saturday. At least 500,000 people are without power and clean water across the state. The burst dam triggered a two-metre (6.6ft) wave, causing panic and further damage in the already flooded areas.
7. The photography of a Ukrainian soldier who is serving on the front line of the ongoing war with Russia, will go on display in a new exhibition. Master Sgt Roman Naumov, who is currently serving in the Ukrainian Army, took up photography professionally in 2015. He has been deployed in eastern Ukraine since February. The exhibition called Pain and Struggle, which is being shown in Norwich, showcases more than 130 photographs showing the impact the war has had on Ukrainians and their communities.
8. Kenya orders flood evacuations as it warns dams could spill. The Kenyan government has ordered people living near 178 dams and reservoirs to evacuate as heavy rains continue. The interior ministry warned that the water bodies “have filled up or are nearly filled up and may spill over any time, posing a high risk to persons living in their neighbourhood”.
CLICK AUDIO NEWS: Listen to Obinwannem World’s trading news updates on May 3, 2024 (Ubochi Orie Mmiri)
