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Daily Archives: March 19, 2021

Global middle class shrinks

Global middle class shrinks for first time since 1990s

The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on [...]

March 19, 2021 Business
Market capitalisation

Market capitalisation plunges by N8 billion

Transactions on the Nigeria Stock Exchange (NSE) reversed the previous session’s gains to close on a downturn yesterday, with market capitalisation depreciating by N8 billion. The All-Share Index (ASI) fell by 14.68 absolute points, representing a decline of 0.04 per [...]

March 19, 2021 Business
Gunmen attack police patrol

Gunmen attack police patrol, kill officer in Anambra

A police officer has been confirmed dead after some gunmen on Thursday attacked a police patrol team in Anambra State, Nigeria’s South-east. The police spokesperson in the state, Ikenga Tochukwu, confirmed the incident in a statement sent to PREMIUM TIMES. Mr Tochukwu, [...]

March 19, 2021 Crime
Nigerian In India Arrested

Nigerian In India Arrested For Duping Trader

The cybercrime cell of Vadodara police on Wednesday, arrested a 31-year-old Nigerian, Elvis Owie, for duping a trader of Rs 22.67 lakh (N11 million). The accused, Owie was nabbed from Mumbai after the cops tracked him down through the bank [...]

March 19, 2021 Crime
Food Inflation

Food Inflation Rises To 21.79% In February 2021

Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005—exactly 15 years and 4 months ago. The February 2021 CPI and Inflation Report as released by the National Bureau [...]

March 19, 2021 Finance