World News

Bank of England Rate Increased to 4% – February 2023

February 2, 2023/Bank of England Published on 02 February 2023 Monetary Policy Summary, February 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 February […]

Dr. Abdulla Al Mandous Named UAE’s Official Candidate for WMO Presidency

February 1, 2023/Aetoswire The UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) has named His Excellency Dr. Abdulla Al Mandous, the Director General of the National Center of Meteorology (NCM), as the UAE’s official candidate for the Presidency of the World Meteorological Organization (WMO). Dr. Al Mandous is currently […]

Moody’s downgrades Nigeria’s rating to Caa1

January 31, 2023/United Capital Research In conclusion of the review for a downgrade initiated on 21-Oct-22, Moody’s Investors Service (Moody’s) on Friday, 27-Jan, downgraded the Nigerian Federal Government (FG) long-term foreign-currency (FCY) and local currency (LCY) issuer ratings as well as its foreign currency senior unsecured debt ratings to Caa1 […]