Nigeria's central bank raises interest rate to 24.75 pct

STORY: Nigeria's central bank raises interest rate to 24.75 pct SHOOTING TIME: March 26, 2024 DATELINE: March 28, 2024 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja 2. various of aerial shots of the Central Bank of Nigeria 3. various of Abuja 4. various of the meeting attended by Yemi Cardoso 5. SOUNDBITE (English): YEMI CARDOSO, Governor of Central Bank of Nigeria STORYLINE: The Central Bank of Nigeria (CBN) on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country. The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. SOUNDBITE (English): YEMI CARDOSO, Governo

29 dead after bus plunges off cliff in central Philippines

STORY: 29 dead after bus plunges off cliff in central Philippines SHOOTING TIME: Dec. 5, 2023 DATELINE: Dec. 6, 2023 LENGTH: 00:03:14 LOCATION: Manila CATEGORY: OTHERS SHOTLIST: 1. various of the site of accident 2. various of the rescue effort STORYLINE: At least 29 people were killed on Tuesday when a passenger bus plunged off a cliff in Antique province in central Philippines, local authorities said. The bus, carrying 53 passengers, was traveling west from Iloilo City to San Jose de Buenavista in Antique when it crashed into a concrete road barrier before plunging into a ravine of 15-meter depth around 4:30 p.m. local time in Hamtic town. Junlee Saylo, head of the antique provincial information office, told a radio interview that 25 died on the spot and four others died at a local hospital. The deaths include the bus driver and his collector, local news web ABS-CBN reported. Quoting the Antique provincial government, Panay News, a regional newspaper, reported that two critically wounded passengers,

Nigerian president pledges thorough housecleaning of central bank

STORY: Nigerian president pledges thorough housecleaning of central bank DATELINE: Oct. 3, 2023 LENGTH: 00:01:08 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Nigeria's central bank 2. various of banking activities 3. various of speech by Bola Tinubu, Nigerian President STORYLINE: Nigerian President Bola Tinubu on Sunday pledged to oversee a thorough housecleaning of the country's central bank to rid the institution of corruption. In a nationwide broadcast to commemorate Nigeria's 63rd independence anniversary, Tinubu shed light on some critical and sensitive national issues, including instituting a monetary policy that will be for the benefit of all Nigerians. He described the Central Bank of Nigeria (CBN) under the leadership of former governor Godwin Emefiele as a "den of malfeasance," saying that the "housecleaning is well underway" in a move aimed at bringing large-scale corruption in the financial institution to an end. While noting a new leadership for the central bank has just been c

Nigeria launches new banknotes

STORY: Nigeria launches new banknotes DATELINE: Nov. 25, 2022 LENGTH: 00:03:26 LOCATION: Abuja CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of President Muhammadu Buhari and officials at the launch of the redesigned naira notes 2. various of Godwin Emefiele, governor of the CBN presenting the redesigned notes to the president 3. various of officials present 4. SOUNDBITE 1 (English): MUHAMMADU BUHARI, Nigerian president 5. various of Nigeria's central bank building 6. various of commuters 7. SOUNDBITE 2 (English): MUHAMMADU BUHARI, Nigerian president 8. various of transactions at a commercial bank 9. various of some Nigerian local currencies STORYLINE: Nigerian President Muhammadu Buhari launched the re-designed local banknotes to control the supply of the local currency, the Nigerian naira, in the country's capital Abuja on Wednesday. Speaking during the unveiling of the locally-produced currencies, Buhari explained in detail the basis for his approval to the Central Bank of Nigeria (CBN) to redesign t

Nigeria's apex bank raises benchmark interest rate to 13 pct

STORY: Nigeria's apex bank raises benchmark interest rate to 13 pct DATELINE: May 26, 2022 LENGTH: 00:01:30 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja city, Nigeria's capital 2. various of central bank of Nigeria building 3. various of commuters 4. various of small businesses 5. SOUNDBITE (English): GODWIN EMEFIELE, Governor of the CBN STORYLINE: Nigeria's apex bank on Tuesday raised the Monetary Policy Rate, the benchmark interest rate, to 13 percent -- the first hike in more than two years. The Central Bank of Nigeria (CBN) raised the interest rate by 150 basis points to combat rising inflation in the most populous African country, Godwin Emefiele, governor of the CBN, told reporters at the end of the apex bank's Monetary Policy Committee (MPC) meeting in Abuja, the Nigerian capital. The bank, however, retained all other parameters, including the cash reserve ratio at 27.50 percent, and the liquidity ratio at 30 percent, Emefiele said. According to the apex bank's governor, the b

MANILA-Estrada_grandkid-2

MANILA-Estrada_grandkid-2

KYODOPHOTO: MANILA: 31MAY2000: Philippine President Joseh Estrada kisses the forehead of his newest grandchild from his duaghter Jackie. Jakie, still lying in bed was married to Beaver Lopez, family ownd ABS-CBN and Meralco. Malacanang Photo

Partnership agreement signed for Manila sister group of AKB48

Partnership agreement signed for Manila sister group of AKB48

Executives of ABS-CBN Corp., one of the Philippines' major television networks, and officials of Japanese-owned firm Hallo Hallo Entertainment Inc., sign a partnership agreement to bring to the Southeast Asian country its own version of the popular Japanese all-girl idol group AKB48, in a ceremony in Manila on Sept. 22, 2017. (Kyodo) ==Kyodo