Nigerian central bank further raises interest rate to over 26 pct

STORY: Nigerian central bank further raises interest rate to over 26 pct SHOOTING TIME: May 22, 2024 DATELINE: May 23, 2024 LENGTH: 00:01:09 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of a busy street in Nigeria 2. various of the central bank building 3. various of press briefing by central bank officials 4. SOUNDBITE (English): YEMI CARDOSO, Governor of the Central Bank of Nigeria STORYLINE: Nigeria's central bank on Tuesday further raised the benchmark interest rate, pushing it by 150 basis points to 26.25 percent, in a move to combat the country's persistent inflation. This latest hike marks a continuation of Nigeria's aggressive monetary tightening strategy aimed at stabilizing the economy. It is the third consecutive one this year, since February, to raise the baseline interest rate known as the monetary policy rate. Yemi Cardoso, governor of the Central Bank of Nigeria, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja that th

Kari Traa claims her fourth title this season

Kari Traa claims her fourth title this season

INAWASHIRO, Japan - Salt Lake City gold medalist Kari Traa of Norway claims her fourth title this season with 26.25 in the World Cup moguls event at Listel Ski Fantasia ski resort in Fukushima Prefecture on Feb. 15.

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

(221211) -- HAIKOU, Dec. 11, 2022 (Xinhua) -- This aerial photo taken on Dec. 10, 2022 shows a view of the Yangpu bonded harbor under the Yangpu Economic Development Zone, south China's Hainan Province. According to Haikou Customs statistics, in the first 11 months of 2022, the total import and export value of Hainan's goods trade was 182.63 billion yuan (about 26.25 billion U.S. dollars), an increase of 40.1% year-on-year. (Xinhua/Pu Xiaoxu)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

(221211) -- HAIKOU, Dec. 11, 2022 (Xinhua) -- This aerial photo taken on Nov. 5, 2022 shows a view of the Yangpu international container terminal in the Yangpu Economic Development Zone, south China's Hainan Province. According to Haikou Customs statistics, in the first 11 months of 2022, the total import and export value of Hainan's goods trade was 182.63 billion yuan (about 26.25 billion U.S. dollars), an increase of 40.1% year-on-year. (Xinhua/Pu Xiaoxu)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

(221211) -- HAIKOU, Dec. 11, 2022 (Xinhua) -- Customers select products in a duty-free shop in Haikou, capital of south China's Hainan Province, Jan 14, 2022. According to Haikou Customs statistics, in the first 11 months of 2022, the total import and export value of Hainan's goods trade was 182.63 billion yuan (about 26.25 billion U.S. dollars), an increase of 40.1% year-on-year. (Xinhua/Pu Xiaoxu)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

CHINA-HAINAN-IMPORT AND EXPORT-INCREASE (CN)

(221211) -- HAIKOU, Dec. 11, 2022 (Xinhua) -- This aerial photo taken on Dec. 10, 2022 shows a view of the Yangpu international container terminal in the Yangpu Economic Development Zone, south China's Hainan Province. According to Haikou Customs statistics, in the first 11 months of 2022, the total import and export value of Hainan's goods trade was 182.63 billion yuan (about 26.25 billion U.S. dollars), an increase of 40.1% year-on-year. (Xinhua/Pu Xiaoxu)

Construction machinery exported to RCEP countries from Guangxi, China

STORY: Construction machinery exported to RCEP countries from Guangxi, China DATELINE: July 15, 2022 LENGTH: 00:00:45 LOCATION: NANNING, China CATEGORY: ECONOMY SHOTLIST: 1. various of construction machinery 2. various of Qinzhou Port in south China's Guangxi Zhuang Autonomous Region STORYLINE: More than 130 pieces of construction machinery were on their way to Australia and Indonesia, departing from south China's Guangxi Zhuang Autonomous Region on Monday. Officials say this was the first whole-vehicle export to the Regional Comprehensive Economic Partnership (RCEP) member countries from Qinzhou Port. Produced by Guangxi Liugong Group Co., Ltd., the exports included loaders, road rollers, and excavators. In the first five months of this year, imports and exports with the RCEP member countries via Qinzhou Port grew 28.6 percent year on year to 26.25 billion yuan (about 3.9 billion U.S. dollars). RCEP is the world's largest free trade deal that entered into force in January. Xinhua News Agency corresp

Kari Traa claims her fourth title this season

Kari Traa claims her fourth title this season

INAWASHIRO, Japan - Salt Lake City gold medalist Kari Traa of Norway claims her fourth title this season with 26.25 in the World Cup moguls event at Listel Ski Fantasia ski resort in Fukushima Prefecture on Feb. 15. (Kyodo)